(1) Newly established foreign-funded projects
New projects with an annual utilization of foreign capital of $ 20 million -30 million shall be rewarded by the municipal government 2 percent of the amount at most in the current year. New projects exceeding $30 million will be recommended to apply for provincial awards.
(2) Foreign capital increase projects
For capital increase projects with an annual actual utilization of foreign capital of $8 million -10 million, the municipal government will reward them 2 percent of the amount at most in the current year. Capital increase projects exceeding $10 million will be recommended to apply for provincial awards.
The above measures only apply to newly established or capital increase projects after January 1, 2020.
For new projects and capital increase projects of wholly foreign-owned enterprises and wholly foreign legal person-owned enterprises, the foreign investment amount of foreign shareholders shall prevail; for those non-wholly-owned enterprises, only the foreign investment amount of foreign shareholders shall prevail, excluding the Chinese shareholders investment amount.
The annual actual utilization of foreign capital refers to the actual utilization of foreign capital by an enterprise within a fiscal year (January 1st to December 31st), excluding loans of foreign shareholders.
The application period is from January 1 to March 31. Applications received after the end date will not be accepted.
The business behavior of foreign-invested enterprises that declare rewards must be legal and have no negative records pertaining to product safety, corporate integrity, tax payment, environmental protection, or financial supervision.
The English version is only for reference.
