Qianhai launches new measures to attract more foreign investment
Recently, Qianhai issued new incentive measures to provide more awards for foreign investors with better policy services, in order to attract more foreign-funded enterprises to do business in Qianhai. These new measures will come into effect on March 25, 2024.Based on the new measures, the incentives shall go to foreign-funded enterprises that have added actual-use of foreign capital of no less than five million U.S. dollars in Qianhai in the previous year.Specifically, foreign-funded enterprises involved in the financial industry with added actual-use of foreign capital of no less than five million U.S. dollars last year can enjoy an award worth one percent of their annual actual-use of foreign capital. For those not involved in the financial industry with added actual-use of foreign capital of no less than five million U.S. dollars last year, they can also receive an award worth one percent of their annual actual-use of foreign capital, while those whose increased actual-use of foreign capital is no less than 30 million U.S. dollars can enjoy an award worth 1.5 percent of their annual actual-use of foreign capital. The maximum amount of foreign investment rewards enjoyed by a single foreign-funded enterprise each year shall not exceed 30 million RMB.
