Any foreign investors of foreign funded enterprises that reinvest their share of profit that is obtained from the enterprise directly into the same enterprises by increasing registered capital, or that use the profit as capital investment to establish other foreign funded enterprises that operate for a period of no less than 5 years, upon approval by the competent tax authorities with an application filed by the investor, shall get a refund of 40% of the income tax that he has already paid on the reinvested amount. Those who reinvest in the export-oriented enterprises or technologically advanced enterprises may obtain a refund of all the income tax that they have already paid on the reinvested amount.
　　
　　In addition to the preferential policies stipulated by the State, foreign investors in Ningbo are provided with further preferential policies concerning land fees and supporting facilities for big projects with investment exceeding US$10 million, high-tech projects and enterprises in Ningbo Economic & Technical Development Zone, Ningbo Free Trade Zone, Daxie Island Development Zone, Ningbo High-tech Industry Park, and other provincial development zones. Special policies also apply for reformation of outdated enterprises, agricultural development, export-oriented agricultural projects (including farming, forestation, husbandry, fishery, processing industry) and infrastructure construction.