Why upgrading your Shanghai office could pay off

September 29, 2012 | BY

clpstaff &clp articles

The Shanghai Municipal Government has released Opinions encouraging multinationals to set up regional headquarters there, but will this cause tension with Beijing, which is expected to respond with a counter offer

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The Municipal Government issued the Implementing Opinions on the «Shanghai Municipality, Provisions on Encouraging the Establishment of Regional Headquarters by Multinational Corporations» (上海市《上海市鼓励跨国公司设立地区总部的规定》实施意见) on August 8 2012.

The Opinions allow regional headquarters to obtain subsidies of up to Rmb8 million ($1,270,000) for establishing or upgrading existing offices, grants them the ability to manage self-owned funds, simplifies labour and employment issues and facilitates better customs clearance.