Time for application

1. The park enterprise has been a resident for 3 years from the date of approval; or

2. The park enterprise has its residency qualification revoked by the Park Administration for failing to complete the signing of a land (plant unit) lease agreement or complete the company or branch company registration within 6 months from the date of approval.

Conditions

1. For Park enterprises that have been operating according to its business plan:

(1) The Park enterprise should submit an application, descriptions and photocopies of support documents to Park Administration for business plan evaluation

(2) Evaluation items: Paid-in capital (40 points), production equipment (15 points), products (15 points), technical manpower (10 points), R&D (10 points), workplace safety health and working conditions (5 points), and environmental protection (5 points). Total score 100 points: The passing score is 70 points or higher and each scoring item receives at least 60% of the score.

(3) Park Administration will refund the paid surety with no interest accrued after determining that the Park enterprise has been operating according to its business plan.

2. For Park enterprises with residency approval revoked:

For Park enterprises that fail to complete the signing of a land (plant unit) lease agreement or complete the company or branch company registration within 6 months from the date of approval, Park Administration will revoke their residency qualification and return the surety paid with no interest accrued.

Required documentation

1. For Park enterprises that have been operating according to its business plan:

(1) Business plan completion approval letter; and

(2) Original of surety payment receipt.

2. For Park enterprises with residency approval revoked:

(1) Residency approval revocation letter; and

(2) Original of surety payment receipt.