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1Billion Chinese Yuan’s Financial Commitment Dongguan Finance Bureau has set up a RMB 1,000,000,000 special fund exclusive for the high-quality development of open economy. It is a 3-year financial commitment for ensuring effective implementation of supportive policies for open economy development. Reward for Actual Foreign Investment A new project or post-capital increase project with an annual actual foreign investment over 10 million US dollars in Dongguan, will be rewarded pro rata, with a maximum of 10 million Chinese yuan. Reward for Finance Lease Projects A new or post-capital increase foreign-invested finance lease project with an annual actual foreign investment over 30 million US dollars, will be rewarded 2‰ of the actual foreign investment amount, with a maximum not exceeding 5 million Chinese yuan for each project. Reward for Equity Merger If an overseas investor invests in a foreign-invested enterprise based in Dongguan by means of equity contribution and transfers its shares in a foreign-invested enterprise based outside Guangdong Province to such Dongguan-based enterprise, it will be rewarded 1.5% of the equity transaction amount or the local retention part of actual tax payment (whichever is lower), with a maximum not exceeding 10 million Chinese yuan for each overseas investor. Reward for Headquarter’s Fiscal and Financial Contribution If the headquarter or regional headquarter of a foreign-invested multinational company, for the first time, contributes more than 100 million Chinese yuan to the municipal finance, reward in a lump sum equivalent to 20% of its full-year contribution, with a maximum of 20 million Chinese yuan, will be given. |
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Guaranteed Land for Project Use Sites for a foreign-invested project of the manufacturing industry whose actual investment exceeds 1 billion Chinese yuan and for the headquarter or regional headquarter of a Fortune Global 500 company or a global industrial leader, will be, as far as possible, listed as provincial major construction projects; consequently, construction land quota will be arranged in priority, land will be transferred for flexible term and plot ratio will be increased appropriately. Reward for Establishment of a R&D Institution A R&D institution with independent legal status established in Dongguan by a Fortune Global 500 company, will be rewarded 10% of the actual investment, with a maximum not exceeding 2 million Chinese yuan. Reward for a Certified Provincial New-type R&D Institution A foreign-invested R&D institution certified as a provincial new-type one, will be rewarded up to 10 million Chinese yuan from the provincial finance and also 50% of the provincial financial incentive from the municipal finance, nevertheless municipal financial incentive cannot exceed 1 million Chinese yuan for each project. Reward for a Provincial Enterprise Technology Center For the construction of a certified provincial enterprise technology center, financial support up to 2 million Chinese yuan from the provincial finance and additional incentive from the municipal finance equivalent to 50% of the provincial financial support will be given. Interest Subsidies for Financing If a newly introduced project with an annual actual investment over 50 million US dollars borrows money from a Dongguan-based financial institution, it can enjoy the “Technology-Finance-Industry Integrated Credit Support Policies as if it were a pilot enterprise of the Multiplication Program, and will have interest subsidies up to 1 million Chinese yuan each year. |
