Shanghai Municipality, Encouraging the Development of Enterprise Technology Development Departments in Pudong New Area Several Opinions

Promulgated: November 1 2000
Effective: as of date of promulgation
Interpreting authority: Relevant committees, offices and bureaux of Pudong New Area government (Item 23)
Applicability: For the purposes of the Opinions, "enterprise technology development institution" means an institution dedicated to scientific research, development and testing work (including intermediate testing during research and development) and related technical fields, or to the development of technology, processes and products and related technical services within an enterprise (Item One).

Main contents: According to the Opinions, enterprise technology development institutions may apply for recognition at the national, municipal or district level, and their recognition certificates entitle them to relevant government support (Item One). A technology development institution may be established with a minimum capital of Rmb100,000 and as much as 35% of its capitalization can be in the form of intangible assets (Item Two). Depending on the level of recognition granted, a technology development institution may be given lump sum financing between Rmb0.5 million to 1.2 million from the science and technology development fund of the Area (Item Four). In addition, a recognized technology development institution is entitled to various preferential tax policies, conveniences in staff relocation and conveniences in overseas travel (Items 6 to 20). Non-local technology development institutions with national or provincial level recognition, duly recognized research and development centres of foreign investment enterprises and international cooperative technology development institutions will be entitled to the same support if they register in Pudong (Item Four).
Related legislation: The Decision on Strengthening Technological Innovation, Developing Advanced Science and Technology and Realizing Industrialization, 1999; Recognition of Enterprise Research and Development Institutions and Technology Centres in Pudong New Area Procedures; Financial Support to the Development of High and New Technology Industry of Zhangjiang High Technology Park by Pudong New Area Several Opinions; Import Commodities Not Exempt from Duty and Tax for Domestic Investment Projects Catalogue (2000 Revision), Sep 7 2000, CLP 2000 No.9 p12; High and New Technology Product State Catalogue and Ministry of Finance and State Administration of Taxation, Relevant Tax Questions Concerning Thorough Implementation of the «Central Committee of the Communist Party of China and State Council, The Decision on Strengthening Technological Innovation, Developing Advanced Science and Technology and Realizing Industrialization»Circular, Nov 2 1999, CLP 2000 No.1 p8