(I) Policies for trade in services and service outsourcing
1. Incentive policies
(1) For enterprises registered in Guangzhou, a maximum reward of RMB 1 million will be awarded to those reaching an annual revenue in service export (including offshore service outsourcing) and/or service import of USD 500,000 or more; the same amount of bonus will be awarded to businesses with an annual revenue in onshore service outsourting of USD 500,000 or more.
(2) An award of up to RMB 200,000 will be given to enterprises in Guangzhou undertaking nationally recognized honorable projects in trade in services and service outsourcing.
(3) A maximum of RMB 500,000 and RMB 300,000 will be awarded to newly recognized demonstrative enterprises and key cultivated enterprises in trade in services in Guangzhou respectively. A one-off award of up to RMB 200,000 will be given to enterprises that have been identiffed as key cultivated ones and are certiffed to have met the standards of demonstrative enterprises in trade in services.
(4) A bonus of up to RMB 50,000 will be given to enterprises in Guangzhou that have obtained international certiffcation for trade in services and service outsourcing.
2. Taxation policies
(1) For enterprises registered in Guangzhou, the VAT on income derived from offshore service outsourcing business will be exempted.
(2) The enterprise income tax will be levied at a reduced rate of 15% for those certified as technologically advanced service enterprises; expenses by enterprises for employee education shall be deducted from the calculation of taxable income up to the amount of 8% of total wages and salaries, and any excess shall be allowed to be carried forward for deduction in subsequent tax years.
3. Headquarters policies
Financial incentives will be given to enterprises recognized as headquarters enterprises in Guangzhou in accordance with the Guangzhou headquarters economy policies.
4. Technology incentives
For pharmaceutical enterprises in Guangzhou that have imported advanced technology from abroad for industrialization in Guangzhou or whose industrialization is led by Guangzhou enterprises, a bonus equal to 10% of the amount of the technological transaction and up to RMB 10 million will be awarded.
(II) Policies to Promote the Convention and Exhibition Industry
1. Attracting convention and exhibition enterprises
For convention and exhibition enterprises with independent legal entity status newly settled in Guangzhou, if their annual business revenue exceeds RMB 10 million in their ffrst full ffscal year, a one-off bonus equal to 2% of the annual revenue of their first full ffscal year and up to RMB 2 million will be awarded. In principle, those already received incentives and subsidies under Guangzhou’s policies to promote headquarters economy and accelerate the settlement of enterprises are not eligible for this measure.
2. Attracting exhibition projects
For exhibitions held in Guangzhou for the ffrst time with an exhibition area of 6,000 m²or more, an incubation period of three years will be granted during which incentives will be given for each of the three consecutive years (if the exhibition is held twice a year or more in the city, only one session will be rewarded in each year, as applied by the exhibition organizer). An award of RMB 300,000 will be given to exhibitions with an area of less than 30,000 m²; an incentive of RMB 600,000 will be awarded to exhibitions of 30,000 (inclusive) to 50,000 m²; RMB 100,000 will be awarded to exhibitions with an area of 50,000 (inclusive) to 100,000 m²; RMB 1.5 million will be awarded to exhibitions with an area of 100,000 m² (inclusive) or more.
For exhibitions in IAB, NEM, digital economy and other key industries specified by Guangzhou Municipal Government, the reward amount will increase 50%.
3. Supporting the stable development of large exhibitions
Exhibitions held in Guangzhou with an exhibition area of 50,000 m² or more and not in the incubation period will receive bonus for each session. Exhibitions with an area of 50,000 (inclusive) to 100,000 m2 will receive an award of RMB 200,000; those with an area of 100,000 (inclusive) to 200,000 m² will be awarded RMB 400,000; those with an area of 200,000 (inclusive) to 300,000 m2 will have a bonus of RMB 600,000; and those with an area of 300,000 m² (inclusive) or more will receive a financial support of RMB 800,000.
4. Encouraging the expansion of exhibitions
For exhibitions not in incubation period held in Guangzhou, if the exhibition area reaches 6,000 m² (inclusive) or more, and the increase of area reaches a certain percentage compared to its last session in Guangzhou (for exhibitions held twice or more in Guangzhou in a year, the comparison is made with the same seasonal exhibition of the previous year; for exhibitions held once every two years or touring to Guangzhou every two years, the comparison can be made in alternate years), a subsidy equal to a certain percentage of the rental of the increased space will be granted, calculated on the basis of an exhibition period not exceeding ffve days (on the basis that move-in is not more than two days and exhibition not more than three days). Speciffcally: Exhibitions with an area of 6,000 (inclusive) to 50,000 m² and an increase in area of 20% (inclusive) or higher will be granted a subsidy equal to 50% of the rental of the increased area; exhibitions of 50,000 (inclusive) to 100,000 m² will have a subsidy equal to 50% of the rental of the increased area; exhibitions of 100,000 m² (inclusive) or more will have a subsidy equal to 80% of the rental of the increased area. The maximum amount of subsidy for a single project will not exceed RMB 2 million.
For eligible international conferences, industrial conferences and events held in Guangzhou, a subsidy equal to 80% of the venue rental will be given to the actually paying hosts or organizers, with the amount of subsidy not exceeding RMB 1 million per event. International conferences here refer to conferences with participants from ffve or more countries or regions (excluding Hong Kong, Macao and Taiwan) or international organizations, lasting for a day or more, with 50 or more participants and among whom foreign participants accounting for at least 20%, and whose main purposes are economic, scientiffc and cultural exchanges such as industrial services and technical discussions. Industry conferences and events refer to national annual conferences, forums, exhibition-related contests and lectures in Guangzhou held by national first-level chambers of commerce, associations or academic/research institutes with 200 or more participants. A one-off award of RMB 150,000 will be given to events included in the statistics of international authorities such as the International Congress and Convention Association (ICCA) and the Union of International Associations (UIA).
6. Guiding the brand development of exhibition
An award of RMB 500,000 will be given to exhibitions assessed as key brand exhibitions of Guangzhou; an award of RMB 300,000 will be given to exhibitions assessed as quality brand exhibitions; and an award of RMB 200,000 will be given to exhibitions assessed as growing brand exhibitions. These assessments will be conducted once every three years; the specific assessment methods will be formulated separately.
7. Encouraging digital development of exhibition
For innovative projects implemented by organizers in their offline exhibitions applying technologies such as cloud computing, big data, Internet of Things, block chain and 5G, a one-off subsidy equal to a maximum of 45% of the project expenses and up to RMB 300,000 will be given upon completion of the project.
8. Encouraging international certiffcation
A one-off award of RMB 200,000 will be given to Guangzhou exhibition venues, exhibition industry organizations, exhibition projects and exhibition supporting service enterprises certiffed by international exhibition organizations such as the International Association of the Exhibition Industry (UFI).
9. Supporting enterprises to hold exhibitions abroad
Bonus will be given to exhibitions held abroad by Guangzhou chambers of commerce, associations, enterprises and other organizations participated by more than 20 enterprises from Guangzhou and with an exhibition area of 2,000 m²or more. Those with an exhibition area of 2,000 (inclusive) to 5,000 m² will be rewarded with RMB 200,000, and those with an area of 5,000 m² or more will be rewarded with RMB 300,000.
10. Supporting exhibitions jointly held by Guangzhou, Hong Kong and Macao
For exhibitions in Guangzhou jointly organized by two or all three parties of the exhibition industry promotion authorities of Guangzhou, Hong Kong and Macao, a subsidy equal to 50% to 80% of their booth fees will be given to the participating exhibitors from Guangzhou.
11. Supporting Hong Kong and Macao organizations to hold exhibitions independently in Guangzhou
Hong Kong and Macao organizations holding exhibitions independently in Guangzhou shall enjoy the same treatment as mainland organizations holding exhibitions in Guangzhou. The exhibition organizers of Hong Kong and Macao shall issue a letter of entrustment and entrust the relevant mainland organizations to apply for and receive the relevant subsidies as stipulated in relevant policies on their behalf.
12. Attracting and cultivating high-caliber talents
High-caliber talents in international convention and exhibition will be supported in their settlement here according to the relevant talent settlement policies of Guangzhou. Subsidies will be given to individuals or teams in convention and exhibition industry who have successfully applied for national, provincial or municipal talent programs in accordance with the relevant policies of Guangzhou.
13. Encouraging organizations to carry out training for convention and exhibition professionals in Guangzhou
A dedicated subsidy up to RMB 200,000 will be granted to organizers in Guangzhou for the actual expenditure in trainings by national level-one chambers of commerce, associations, academic societies and research institutes in convention and exhibition professional skills in Guangzhou which last for three days or longer and with 50 or more trainees. This supporting measure is not applicable to the exhibition vocational skills training projects already receiving the training subsidy from Guangzhou for vocational skills upgrading or other programs.
(III) Foreign Investment Policies
1. Foreign investment information report
Foreign investors who directly establish companies or partnerships in China, foreign (regional) enterprises engaged in production and operation activities in China, and foreign (regional) enterprises establishing permanent representative offices engaged in production and operation activities in China shall submit initial reports and any amendment reports online through the enterprise registration system in accordance with the provisions of the Measures for the Reporting of Foreign Investment Information.
(1) Initial report
Foreign investors establishing foreign-invested enterprises or merging and acquiring domestic non-foreign-invested enterprises in China shall submit the initial report through the enterprise registration system when registering the establishment of the foreign-invested enterprise or registering the amendment of the merged/acquired enterprise.
(2) Amendment report
If the information in the initial report is changed and involves amendment in the registration (filing) of the enterprise, the foreign-invested enterprise shall submit an amendment report through the enterprise registration system at the time of registration (filing) of the amendment of the enterprise. If the change does not involve the registration (ffling) of the enterprise, the foreign invested enterprise shall submit an amendment report through the enterprise registration system within 20 working days since the occurrence of the changes. If the enterprise makes a resolution on the change according to its articles of association, the time when the resolution is made shall be the time of occurrence of the change. If there are other conditions precedent according to laws and regulations for the change, the time when the conditions are met shall be the time of occurrence of the change.
Foreign-invested listed companies and foreign-invested companies listed on the National Equities Exchange and Quotations may report changes of investors or their shareholding only when the cumulative change in the shareholding of foreign investors exceeds 5% or causes a change in the controlling or relative controlling status of the foreign party.
(3) Information reporting procedure
Log in to the website of Guangzhou Municipal Administration for Market Regulation (http://scjgj.gz.gov.cn), “Administrative Services” – “Civil Services” – “Foreign Investment Report” for the initial report and amendment report.
2. Incentive policy for foreign investment projects
From 2017 to 2022, for new projects (except projects in real estate, financial and quasi-ffnancial industries) with an annual actual foreign investment (excluding loans from foreign shareholders) exceeding USD 50 million, capital increase projects exceeding USD 30 million and foreign multinational corporations' headquarters or regional headquarters projects exceeding USD 10 million established in Guangdong, the provincial government will provide incentives at a rate of not less than 2% of the actual foreign investment in the year, with a maximum amount of RMB 100 million. Manufacturing projects of the Global 500 companies (based on the Fortune ranking) and global industrial leaders with an annual actual foreign investment of more than USD 100 million, and newly established (or capital-increased) IAB (next generation information technology, artiffcial intelligent equipment, and biomedicine) and NEM (new energy and new materials) manufacturing projects with an annual actual foreign investment of not less than USD 30 million in Guangdong may enjoy key support on a “case by case” basis. If the annual contribution of the headquarters or regional headquarters of a foreign-invested multinational corporation to the provincial ffscal revenue exceeds RMB 100 million for the first time, the provincial government will provide a one-off incentive equal to 30% of its fiscal contribution of the year and up to RMB 100 million to the corporation.
3. Handbook on Guangzhou’s Promotion Policies for Key Industries (revised version)
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