Ulsan Free Trade Zone

Foreign investors in Ulsan FTZ

Support: Items(Tax exemption (FDI of over USD 10 million), Low-priced rent and long-term lease, Other support), Details
Items	Details
Tax exemption (FDI of over USD 10 million)	Corporate & income taxes: 100 percent exemption for three years and 50 percent for the following two years Acquisition & property taxes: 100 percent exemption for 15 years
Low-priced rent and long-term lease	Exemption of rent: foreign investment rate is more than 30 percent and foreign investment companies that fulfill the following conditions: Manufacturing business with a new foreign investment amount of more than USD 5 million: 75 percent Part material business with a new foreign investment amount of more than USD 5 million: 100 percent business with advanced technology and industrial support service industry with a new foreign investment amount of USD 1 million: 100 percent Lease period: land and factory can be leased within 50 years (can be renewed if necessary)
Other support	No tariff, zero tax rate on value added tax, etc.