d. Support for special major projects

Lin-gang Special Area shall give a subsidy, in amount of 5 to 10 percent of a project’s total investment (or fixed-asset investment, production value), to special major projects which align with the investment orientation of Lin-gang. The projects should have a total investment of more than 10 billion yuan, and a fixed-asset investment accounting for no less than 60 percent of total investment.

e. Tax policy

Companies engaged in R&D and production in the four key industries in Lin-gang Special Area will enjoy a preferential corporate income tax rate of 15 percent within the first five years after their establishment.

f. Loan discount policy

For the loan of the project's business activities in the Lin-gang Special Area, under the premise that the Lin-gang Special Area Administration has recognized and met the conditions of discount interest, a loan of no more than 200 basis points and no more than 20 million yuan for a single project shall be granted each year.

g. Overseas talent tax policy

According to the application of the project, a 100 percent subsidy can be given to overseas high-end talent working in the Lin-gang Special Area whose individual income tax burden exceeds 15 percent.

h. Convenience for foreign talent

The Lin-gang Special Area Administration, according to the layout of major industries, will recommend key scientific innovation units to be included in the list of Shanghai scientific innovation jobs.  Employees which are employed by the units in the list and have senior management or technical positions shall be recognized as foreign high-end talent and will be eligible for convenient measures such as application of Foreigner's Work Permit.

i. Housing security

According to the actual situation of the project, the housing demand for talent involved in the project shall be guaranteed.

(1) Housing purchase restriction policy shall be adjusted accordingly.

(2) Permanent citizens with stable employment and living in the Lin-gang Special Area will have priority when purchasing houses.

(3) Other supporting measures such as talent apartments have been implemented.

j. Residency policy

According to the actual situation of the project, Lin-gang Special Area shall provide household registration support for talent involved in the project.

(1) Special bonus points shall be offered for residence permit.

For Shanghai residence permit holders who work and live in the Lin-gang Special Area, special bonus points will be awarded, namely two points for every full year in the area. The points can be recorded in the total credit score after full three years. A maximum of 20 bonus points may be given.

(2) Shorten the amount of time needed to obtain a permanent residence permit.

The amount of time for various talent working in Lin-gang's employment units needed to obtain a permanent residence permit shall be shortened from seven years to five (the time working in Lin-gang shall be no less than three years). For core talent that contribute to Lin-gang's major industrial layout and work goals in the employment units recommended by the Lin-gang Special Area Administration, the time can be shortened to three years (the time working in Lin-gang shall be no less than two years).

(3) Highly in-demand talent in key industries or other special types of talent can be recommended to directly obtain a permanent residence permit in Shanghai.

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