Encouraging Investment with Incentives for Establishing Headquarters in Guangzhou

February 28, 2007 | BY

clpstaff &clp articles

In its eleventh five-year plan for the development of foreign trade, Guangzhou made a commitment to encourage foreign investors to set up headquarters and regional headquarters in its municipal area.

 

By Miles Selo, Deacons Hong Kong, and Wei Minning, Deacons Guangzhou

Recent surveys of 35 cities across China on the ability to support headquarters placed Guangzhou at third following Beijing and Shanghai, both of which already have regulations encouraging foreign investors to set up regional headquarters. To attract more multinational companies and talent, the People's Government of Guangzhou Municipality promulgated the Provisions for Encouraging the Investment in the Establishment of Headquarters and Regional Headquarters by Foreign Investors on October 16 2006. The Regulations, which are in effect for five years from the date of promulgation, offer preferential tax policies and financial incentives to foreign investors and those from Hong Kong, Macau and Taiwan that establish headquarters or regional headquarters in the Guangzhou municipal area.

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]