Special incentives for recommending investment promotion projects in Guangzhou Nansha New Area (Free Trade Zone)

The incentives are formulated to further create a market-oriented, internationalized and legalized business environment, build a high-level gateway for opening up, speed up the construction of Guangzhou's Nansha Area, and build a government-led, market-oriented and specialized investment promotion system to promote the development of numerous major innovative and functional projects.

I Objects

The domestic and foreign investment consulting institution must have experience in introducing major investment projects, providing first-hand project information to Nansha, promoting the settlement of the project and it must also meet the following conditions:

(1) It must have a registered capital of at least 10 million yuan ($1.58 million);

(2) It must have the achievements of introducing a project with a registered capital of 100 million yuan or 10 million dollars and above;

(3) It must have an independent corporate capacity.

Civil servants and agencies, public institutions, project investors and joint ventures that are subject to the administration of civil servants will not be subject to the incentives.

II Incentive requirements

The projects referred to in the measures will be the headquarters economy, high-end manufacturing, shipping logistics, technological innovation, industrial finance, high-end commerce and modern service projects. These projects must be in line with the encouraging guidance of Nansha investment attraction, it must be land, factories and offices purchased or leased for construction or as offices, be newly established in the district from the date of promulgation of these measures and contribute to the economic development, and meet one of the following conditions:

(I) They must be from world top 1000 enterprises, the national large-scale enterprises, the top 500 Chinese enterprises, China's top 500 private-owned enterprises, or the transnational corporations identified or filed by the Ministry of Commerce.

1. The world top 1000 means the enterprise or its immediate holding subsidiaries that were listed in the Top 1000 Global Companies published in Forbes magazine in the previous year;

2. Central large-scale enterprise (group) refers to the enterprise or its immediate holding subsidiaries that were incorporated into the administration of the State-owned Assets Supervision and Administration Commission of the State Council and other ministries in the previous year before filing for the application;

3. The Top 500 Chinese Enterprise refers to the enterprise or its immediate holding subsidiaries that were listed in the Top 500 Chinese Enterprises selected by the China Enterprise Confederation and the China Entrepreneurs Association to the public in the previous year;

4. China's top 500 privately-owned enterprise refers to the enterprises or its immediate holding subsidiaries that were listed in the top 500 private-owned enterprises selected by the All-China Federation of Industry and Commerce to the public in the previous year;

5. The regional headquarters of a transnational corporation identified or filed by the Ministry of Commerce; or the investment company approved by the Ministry of Commerce and its authorized examination and approval authority.

(2) Foreign-funded projects with a registered capital of no less than 8 million dollars.

(3) Domestic-funded projects with a registered capital of no less than 50 million yuan.

III Incentive standards

The referee will be rewarded according to 0.3 percent of the actual amount of the project's registered capital. If it is the project of II (1), the referee will be rewarded according to the actual contribution of 0.33 percent of the project's registered capital.

IV Payment methods

After paying 30 percent of the total registered capital, the rewards will be paid to the referee as follows:

(1) Domestic-funded projects: After the project contributes more to the local economy in the district than the amount of the project's recommended rewards, it will be paid according to the actual amount paid up for the registered capital.

(2) Foreign-funded projects: Payment will be made according to the proportion paid up by the registered capital of the project.

V Procedures for filing

(1) Referee prepares for the filing

The investment advisory agency must apply to the Nansha investment promotion department for the filing and be the referee of the Nansha investment promotion projects after getting confirmation. It must also make a commitment to the legitimacy of the recommendation behavior, the authenticity of the materials and the non-violation of the rules and regulations of the staff.

(2) Filing for the recommended projects

The entrust filing system is adopted to confirm the recommended project. Certificate of entrustment must be provided by the investor of the project and confirmation of the filing must be done through relevant filing procedures. Each project identifies only one referee, and the referee needs to complete the project filing before its registration.

VI Application

(1) The referee may apply for the incentives at any time after meeting the requirements of IV of the measures.

(2) The incentives received by the referee must be invoiced and related taxes must be paid in accordance to the relevant provisions and law.

VII Other social institutions that have introduced projects with strong driving force and outstanding economic contributions to the district, must be rewarded according to relevant procedures and specific conditions.

VIII If there are any serious abnormal business operations or any major illegal act in the recommended projects, the reward of the project will be terminated upon verification.

IX The referee who maliciously packages the project, adopts false means to take the rewards, illegally obtains the rewards through cooperating with the staff involved in the project and has any other major illegal act, will be blacklisted with its legal representative. Their filing qualifications will be canceled, and the rewards that have been given will be recovered. If the circumstances are serious and constitutes to be a crime, the judicial department will investigate the legal responsibilities of the relevant units and personnel according to the law.

X If the referee fails to actually carry out any project recommendation within two years of filing, its filing eligibility will be automatically canceled.

XI The measures will come into force on January 1, 2017 with a valid period of 5 years. In case of any change to laws, regulations or relevant policies during the validity period, it will be subject to its provisions. After the expiration of these measures, they will be amended according to the law. Nansha Development Zone Investment Promotion Bureau reserves the right to interpret the measures. 

(This English version is only for reference. To learn more, please refer to the authoritative Chinese version.)