Preferential Policies
In recent years, the Shaoguan Municipal Government has introduced a series of supportive policies to revitalize the real economy, promote the development of industries , and facilitate enterprises to become more competitive and profitable, which fully demonstrated that the Shaoguan Municipal Party Committee and the Municipal Government had firmly implemented the arrangements of the Provincial Party Committee and the Provincial Government, and attached great importance to the development of industries. It has released a strong signal and firm confidence that Shaoguan will unswervingly support the real economy and accelerate the development of the industries.
Shaoguan City offers many preferential policies in terms of tax reduction, fiscal support, land supply and application procedures. It has become one of the cities of the lowest investment cost in the province.
1.Investment in Ruyuan County
Enterprises that invest in Shaoguan Ruyuan Yao Autonomous County are exempt from paying the local governments’ sharing part of corporate income tax(including provincial and municipal governments).
2.Promoting the Development of Six Emerging Pillar Industries
In 2018, Shaoguan Municipal Government issued the No.1 document of the year, Shaoguan City’s Policies of Promoting the Development of Emerging Pillar Industries, declaring its resolution and preferential policies of promoting the development of six emerging pillar industries: advanced equipment manufacturing, tourism & culture industry, big data, commercial logistics, pharmaceutical and health, and modern agriculture.
Project with fixed assets investment of more than 30 million yuan, which have been completed and put into production, will be listed into the fixed assets investment statistics, and 1% of the fixed assets investment will be refunded to the investing company as an award, up to a maximum of 5 million yuan.
The newly established enterprises in the emerging pillar industries will be listed into the statistics of enterprise above designated size. For enterprise that contributes more than 1 million yuan annually to local public finance will be given 30% of the contributed amount as reward, up to 5 million yuan, and the reward is applicable for three consecutive years.
The municipal public finance shall arrange 100 million yuan of special science and technology funds annually to give priority to supporting technological innovation in emerging pillar industries. Enterprise that sets up engineering R&D center will be rewarded as follows, municipal level 100,000 yuan, provincial level 200,000 yuan and 1 million yuan for national level. Enterprise that has provincial-level key laboratory will be awarded 3 million yuan, and 8 million yuan for state-level key laboratory.
3.Encouraging the Introduction of High Quality Investment Projects
In order to attract investment of industrial projects, Shaoguan Municipal Government provides incentives for various legal entities and natural persons who provide information, facilitate project construction or contribute to local public finance.
Legal entities or natural persons would get an award of 10,000 yuan if valuable investment information is provided and investment agreement (MOU excluded) of project with an investment amount of more than 30 million yuan is signed with any level of government department or industrial park management committee of Shaoguan.
For project whose fixed assets investment exceeds 30 million yuan and approved to go into production, the fixed assets investment will be listed into the statistics of the Municipal Bureau of Statistics, and the project referee will be given a reward of 0.1% of the fixed asset investment amount, up to a maximum of 500,000 yuan.
With regard to the above mentioned investment projects of which that generates contribution of less than 1 million yuan to local public finance in 12 months, the project referee will receive a reward of 50,000 yuan. For investment projects of which that generates contribution of more than 1 million yuan to local public finance in 12 months, 10% of the contribution amount will be given to the project referee.
For the project that has been accredited as High-quality Project, the referee of the project will be given another award apart from the ones mentioned above, which is 0.1% of the fixed asset investment amount of the project, up to a maximum of 1 million yuan.
4.Preferential Policies for Moving into the Dongguan-Shaoguan Industrial Park and Supporting Industrial Park of Pearl River West Bank Advanced Equipment Manufacturing Industrial Zone
Subsidy for the Construction of Factories: For enterprises that construct their own factories, office buildings and dormitories, once the actual investment amount reaches more than 100 million yuan, a subsidy of 300 yuan/square meter will be given according to the actual floor area after the completion of projects. The maximum amount of subsidy for a single enterprise does not exceed 10 million yuan.
Subsidy for Rental: For the enterprises that lease factories, office buildings and dormitory houses, once the actual investment amount reaches more than 100 million yuan, a subsidy of 4 yuan/square meter will be given according to the actual renting area upon the project going into production. The subsidy is applicable for a period of 5 years, with the cumulative amount of subsidies for a single enterprise not exceeding 10 million yuan.
Loan with Discounted Interest: Interest subsidy will be applied to enterprise that meets the development needs of the Dongguan-Shaoguan industrial park. The interest subsidy ratio is 50% of the interest of the loan, applicable for no more than 3 years, and the maximum amount of interest subsidy of a single enterprise should not exceed 10 million yuan.
Subsidy for the Construction of Public Service Platform: For legal entities and natural persons that invest in the construction of public service platforms, a subsidy of 25% of the actual total investment will be given upon the completion and operation of the project. The maximum subsidy amount for a single project should not exceed 10 million yuan.
5.Preferential Policies for Joint Investment and Industrial TransferAt the end of 2016, the Guangdong Provincial Department of Finance issued the policies of supporting the joint construction of industries of the Pearl River Delta and cities of Guangdong's east, west and north areas. According to the policies, jointly invested and industrial transferred enterprises of the Pearl River Delta that set up in the industrial transfer parks approved by provincial government and started the construction before 2018 or to be completed and put into operation by 2020, will enjoy the following benefits accordingly for 5 consecutive years upon contribution to local public finance being made.
For the first 3 years of the production of the enterprise, the
amount of award of one single enterprise=
( corporate income tax + value added tax)*40%
For the fourth and fifth year of the production of the enterprise, the
amount of award of one single enterprise=
( corporate income tax + value added tax)*20%
The enterprise income tax and value-added tax shall be subject to the data collected and certified by the provincial tax authorities. The award shall be paid in the next year after the accounting.
Large key enterprises, such as Fortune 500 companies, China's top 500 enterprises, China's top 500 private enterprises, and China's top 500 manufacturing enterprises (including their wholly-owned subsidiaries and holding companies), which invest in manufacturing industry in the industrial parks in the east, west or north of Guangdong Province, shall be rewarded on an annual basis according to the newly added fixed assets investment in the industrial park where the enterprise or project is located. The award shall not exceed 30% of the newly added fixed assets investment, while the maximum of each award shall not exceed 100 million yuan.
R&D institutions that has independent legal personality of enterprises above designated size that move into the industrial parks in the east, west or north of Guangdong Province with their corporate headquarters or production lines,
, will be rewarded with 3 million yuan to 10 million yuan per entity according to its size and R&D ability. Branches of these R&D institutions will be rewarded with 1 million yuan to 3 million yuan per entity.
For the national high-tech enterprises that move to the east, west or north of Guangdong Province, each of which will be rewarded with 3 million yuan. For enterprises that have been accredited as the provincial emerging high-tech enterprises, each of which will receive a reward of 1 million yuan.
For the innovation and entrepreneurship platforms, such as provincial incubators, new R&D institutions, and crowd innovation space, that move to or set up branches in the east, west or north of Guangdong Province, shall be rewarded on an annual basis according to the newly added fixed assets investment. The award shall not exceed 30% of the newly added fixed assets investment, while the maximum of each award shall not exceed 5 million yuan.
