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17-06-29 09:08

Encourage foreign-investment::Optical Valley issues policies to support ten areas

Source: hubei.gov.cn 06/27/2017 05:06:24

On June 26, 2017, the Wuhan East Lake High-Tech Development Zone (or the Optical Valley) launched new policies to promote foreign investment in ten areas.

1. Ease entrance requirements for foreign investment

- Foreign capital will face fewer restrictions on access in the services and manufacturing industries.

- Give foreign-invested enterprises equal access to the Industries, areas and business which are excluded by negative list.

2. Encourage the establishment of foreign-invested enterprises

- Any newly established enterprise with foreign investment of 5 million U.S.dollars or equivalent foreign currency will receive a reward (3%-5% of the actual investment, an upper limit of 20 million yuan).

3. Encourage business investment

- Any foreign-invested enterprise specializing in manufacturing and owning an actual investment in fixed assets of 5 million U.S.dollars or equivalent RMB will receive a reward (6%-10% of fixed capital, an upper limit of 35 million yuan).

4. Encourage corporate R&D

- Any foreign-invested enterprise specializing in R & D and owning actual R & D capital of up to 5 million U.S.dollars or equivalent RMB will receive a subsidy (2%-5% of total cost, an upper limit of 20 million yuan).

5. Give venue subsidy

- Any foreign-invested enterprise that purchase plants or offices in the Wuhan East Lake High-Tech Development Zone will receive a subsidy of 10% of the paid amount (an upper limit of 5 million yuan);

- Foreign-invested companies that lease plants or offices in the Wuhan East Lake High-Tech Development Zone will receive a subsidy of 25% of the paid amount (an upper limit of 1 million yuan).

6. Offer discount loans

- Enterprises with foreign capital will enjoy 25% in accordance with the loan interest, an upper limit of 3 million yuan for each enterprise per year.

7. Support personnel training

- High-level talents in foreign-invested enterprises are encouraged to apply for China’s "Thousand Talents Plan" , " Wuhan City Partner" program and the "3551 Talent Plan of Optical Valley " ;

- Firms with foreign capital will receive a training subsidy (up to 3000 RMB per person) according to the number of new payers of social security contributions (up to 500 persons for a company per year);

- Employees of enterprises with foreign capital will benefit from the convenient services in residence and immigration, medical care and information on talent.

8. Reward executive talents

- Executive talents from companies in the top 200 companies that have contributed to the economic development of the East Lake High-Tech Development Zone will receive a reward, up to 10 executives for each company and 2 million yuan at most for each person per year.

9. Support the accreditation of foreign-invested companies

- Support the accreditation for foreign-invested hi-tech enterprises. The certified companies could pay corporate income taxes at a rate of 15%.

10. Support “one enterprise, one policy”

- Any large project with investments of $ 100 million or project playing a very important role in the industrial structure of the East Lake High-Tech Development Zone, "one enterprise, one policy" may be required into account;

- Any foreign world's top 500 company and renowned foreign-invested companies that would like to set up branches in the East Lake High-Tech Development Zone, support will be given according to the actual investment and their contributions.


(hubei.gov.cn by Ruan Xinqi)