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Measures of Nansha Development Zone of Guangzhou Municipality for Supporting Foreign-invested Enterprises

Updated: 2022-11-14 nansha.guangdong.chinadaily.com.cn

Normative Document No 4 [2022] of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality

Notice by the Office of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality on Issuing Measures of Guangzhou Nansha Development Zone for Supporting Foreign-invested Enterprises

All towns (street communities), departments of and agencies directly under Nansha Development Zone (Nansha district), and municipal entities in Nansha district,

Measures of Guangzhou Nansha Development Zone for Supporting Foreign-invested Enterprises have been approved by the administrative committee, and are hereby issued to you for your compliance and implementation. Problems encountered in the implementation shall be directly reported to the bureau of commerce of Nansha district.

Office of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality  

Aug 23, 2022

Measures of Nansha Development Zone of Guangzhou Municipality for Supporting Foreign-invested Enterprises

These measures are formulated in order to fully implement the Foreign Investment Law of the People's Republic of China, the Opinions of the State Council on Further Effectively Utilizing Foreign Investment (Normative Document No 23 [2019] of the State Council), Further Expanding Opening-up and Actively Attracting Foreign Direct Investment in Guangdong Province (Revised) (Normative Document No 78 [2018] of Guangdong Provincial People's Government), and Measures Of Further Stabilizing Foreign Investment in Guangdong Province (Normative Document No 15 [2020] of Guangdong Provincial People's Government). The measures also respond to the call of the Ministry of Commerce that China will deepen opening-up and improve the supportive policies, so as to enhance the role of foreign investment in promoting economic growth and achieving high-quality economic development by high-level opening-up.

These measures do not apply to projects in real estate industry and financial industry. The division of industries is based on the Industrial Classification for National Economic Activities of the People's Republic of China.

The actual amount of foreign investment mentioned herein does not include loans by foreign shareholders. Each enterprise receiving and adding foreign investment will be rewarded with up to 100 million yuan ($14 million).

These measures are applicable to enterprises invested by businesspersons from Hong Kong, Macao and Taiwan.

Article 1 Reward for Newly Established Foreign-invested Enterprises

(I) Foreign-invested enterprises with an annual actual foreign investment of $1 million or more, and less than $30 million shall be rewarded at 1 percent of their actual foreign investment amount for the year, subject to a maximum of 100 percent of the enterprise's contribution to the district.

(II) Foreign-invested enterprises with an annual actual foreign investment of $30 million or more shall be rewarded at 1 percent of their actual foreign investment amount for the year.

(III) Foreign-invested manufacturing enterprises with an annual actual foreign investment of $10 million or more shall be rewarded at 1.5 percent of their actual foreign investment amount for the year.

Where any enterprises meet two of the above requirements, rewards will be given in accordance with the item that grants the largest amount.

Article 2 Reward for Increasing Foreign Investment

For foreign-invested enterprises that increase their foreign investment in 2022 to 2024:

(I) Foreign-invested enterprises with an annual actual increased foreign investment of $10 million or more shall be rewarded at 1 percent of their actual increased foreign investment amount for the year.

(II) Foreign-invested manufacturing enterprises with an annual actual increased foreign investment of $5 million or more shall be rewarded at 1.5 percent of their actual increased foreign investment amount for the year.

Where any enterprises meet the two above requirements, rewards will be given in accordance with the item that grants the larger amount.

Article 3 Reward for Multinational Corporations Headquarters

(I) Reward for project investment. Corporations' Headquarters that are certified by the competent provincial authority and have an actual amount of foreign investment of more than $10 million shall be rewarded at 1.5 percent of the project's actual foreign investment amount for the year.

(II) Reward for economic contribution. Where any foreign-invested multinational headquarters enterprise in Nansha district has made an annual contribution of over 100 million yuan to Guangdong's economy for the first time and thus has been granted a one-off reward by the provincial finance department according to its 30 percent of such contribution, the enterprise will be given a reward of 100 percent of its contribution to the district economy if it meets the conditions of the reward. This reward is subject to a maximum amount of 100 million yuan per enterprise.

Article 4 Strengthened Land Use Guarantee for Foreign-invested Projects

For eligible foreign-invested manufacturing projects, preferential land use policies shall be implemented within the purview of the district government, in accordance with regulations including Policies and Measures for Reducing the Cost of Manufacturing Enterprises and Supporting the Development of Real Economy in Guangdong Province (Revised), Opinions of Guangzhou Municipal People's Government on Implementing Policies and Measures for Reducing the Cost of Manufacturing Enterprises and Supporting the Development of Real Economy in Guangdong Province, and Measures of Guangzhou Municipality for Improving the Efficiency of Industrial Land Use. In case industrial-purpose land is needed for construction, expansion, or relocation, eligible foreign-invested manufacturing enterprises will be given priority to receive land use support by the district government in light of the actual demand and pursuant to the law.

Article 5 Rent Subsidy for Production Premises

Within the validity period of these measures, for any newly registered foreign-invested enterprise with an actual amount of foreign investment of $10 million or more and own no plants, where they rent industrial-purpose plants and warehouses for production and operation in Nansha district and are above designated scale, 50 percent of the market price of the rental and property management fees will be subsidized. The subsidy received by an enterprise in a year shall not exceed its actual rent expenditure. This subsidy will be given for three years, and subject to a maximum amount of 3 million yuan per year.

Article 6 Reward for Service Providing Enterprise

Professional institutions providing services to foreign-invested enterprises in Nansha district will be rewarded with a maximum of 120,000 yuan per year per institution according to the quantity, quality, and cooperation intent of their services.

Article 7 Measures for Facilitation

In terms of government services, the negative list and pre-establishment national treatment will apply for foreign-invested enterprises. "One-to-one" service will be provided to key foreign-invested enterprises, for policy consultation and business guidance services. In terms of finance, eligible foreign-invested enterprises will benefit from facilitation measures for the regular projects and capital projects of the high-level opening-up pilot of cross-border trade and investment, and such enterprises will be rewarded up to 13 million yuan for getting listed. In terms of talent, eligible senior executives of foreign-invested enterprises will be rewarded up to 100 percent of their economic contribution. In terms of entry, exit, and residence, FTA facilitation measures will be implemented, and Nansha district directly accepts applications and issues Chinese visas and work permits for foreigners.

Article 8 Supplementary Provisions

Where any project or matter that meets the requirements herein meets the requirements in other support policies of Nansha district (including policies of supporting or undertaking funds required by superior departments), rewards will be given in accordance with the policy that grants the largest subsidy, unless it is otherwise specified. These Measures shall come into force on the date of promulgation and shall remain in force for three years.

Form of Disclosure: Active Disclosure

Secretariat of Office of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality issued on Aug 24, 2022

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