Legislation roundup: NDRC measures, regional headquarters and Shanghai R&D rules
The NDRC has proposed raising the threshold at which foreign-invested projects need approval, while Shanghai has introduced a subsidy for multinationals that set up their headquarters in the city and awarded tax breaks for R&D work
Foreign-invested Projects
National Development and Reform Commission, Measures for the Administration of the Check and Approval of Foreign-invested Projects (Draft for Comments)
NDRC is proposing the raising of the threshold requiring check and approval for foreign-invested projects in the encouraged and permitted categories, from total investment amount of US$100 million to US$300 million. The threshold of total investment amount of US$50 million for foreign-invested projects in the restricted categories remains the same.
Further reading:
Administration of the Verification of Foreign-invested Projects Tentative Procedures, Nov 2004
Progress or Setback? Looking at the New Approval Measures for Foreign Investment Projects, Nov 2004
Shanghai headquarters
Shanghai Municipality, Implementing Opinions on the «Shanghai Municipality, Provisions on Encouraging the Establishment of Regional Headquarters by Multinational Corporations»
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