Beijing Municipality, Several Provisions for Encouraging the Establishment of Regional Headquarters in Beijing by Multinational Corporations

北京市关于鼓励跨国公司在京设立地区总部的若干规定

July 29, 2009 | BY

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Beijing offers financial incentives to establish regional headquarters in the city.

Clp Reference: 2300/09.05.21 Promulgated: 2009-05-21 Effective: 2009-01-01

Issued: May 21 2009
 Effective: January 1 2009

Applicability: For the purposes of these Regulations, the term “Regional Headquarters of a Multinational Corporation” (Regional Headquarters) means the sole head office registered and established, by investment or authorisation, in Beijing by a foreign multinational corporation to exercise management and service functions for enterprises located in one or more state administrative jurisdictions. Regional Headquarters registered and established in Beijing by multinational corporations from Hong Kong, Macao and Taiwan shall be handled with reference to these Regulations.

Relevant policies of Beijing for promoting the development of the financial sector shall govern Regional Headquarters established in Beijing by foreign-funded financial institutions (Article 2).

Main contents: Regional Headquarters with registered capital of at least Rmb100 million newly registered and established in or newly relocated to Beijing on or after January 1 2009 shall be granted funding subsidies falling within different brackets determined based on the amounts of their registered capital. Disbursement of such subsidies shall be spread over three years (Article 3).

Commencing from 2009, when the annual business revenue of Regional Headquarters exceeds at least Rmb100 million for the first time, such Regional Headquarters shall be granted a monetary award falling within different brackets determined based on their business revenue. Disbursement of such award shall be spread over three years (Article 6).

Repealed legislation: Beijing Municipal People's Government, Circular on the Issuance of the Several Provisions for Encouraging the Establishment of Regional Headquarters in Beijing by Multinational Corporations, Nov 29 1999, CLP 1999 No.3 p.11

clp reference:2300/09.05.21/BJprc reference:京政发 [2009] （15号）promulgated:2009-05-21effective:2009-01-01

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