A foreign investor makes an investment of over US$100 million and establishes a new factory. If the business is designated to a foreign investment zone, although it is not a high-tech business, is it possible to receive tax benefits?

It is possible to receive tax deductions even if it not a high-tech business. The conditions are that the foreign investor has to invest more than the minimum amount of investment and get the permission for designation as a foreign-investment zone from the foreign investment commission and the governor from the province or city for the establishment of the factory. If the decision is positive, then the investor can receive tax benefits.For reference, the minimum investment amount for the manufacturing sector is US$30 million, for tourism and hotels US$20 million, for distribution and logistics US$10 million and for high-tech and R&D facilities US$50 million.