Policies services give foreign investors confidence in NETDA

A raft of policies paving way for local businesses to enjoy liberalized dividend policies and services were recently launched by the Nantong Economic & Technological Development Area or NETDA, according to local media reports on Dec 23.

As a result, the authorities there provided local enterprises with standardized and sophisticated services so that issues could be resolved no matter if they were big or small.

In terms of offline services, the development zone takes the lead in building a one-stop and full-process enterprise-oriented service center, which to date, has served 45,000 people, with an average of 300 people per day. In terms of online services, the NETDA has developed and built an enterprise-oriented online service center, which has launched sufficient channels for local businesses to enjoy convenient services without stepping out of their enterprises.

"We learned about the policies long ago, but we were busy with our R&D and production, so there was no time to apply for them," said Li Pengliang, an executive from a local company.

"Unexpectedly, at the beginning of December this year, 250,000 yuan ($39,391) of dividend funds arrived in our company's bank account," Li added.

The policies and services are said to relate to the approval of local hi-tech enterprises. They also relate to the construction of platforms for business developments, the application of intellectual property patents, and evaluations of new local enterprises. This provides stronger support for the innovation and development of local enterprises.