Incentive Measures of Shunde District
2009.11.11

This decree has been formulated for the purpose of further expanding the scale of attracting investment for the promotion of economic development of Shunde District.

Article 1. Any enterprise home or abroad, social group, financial organization or institution or individual (hereinafter refer to as the project introducer) is entitled to the reward who introduces capital into the district and leads to a successful investment.

Article 2. Introduction of capital in this decree refers to the behavior of introducing foreign capital (including capital from Hong Kong, Macau and Taiwan) and domestic capital from outside the district to register in Shunde District for initiation of a new project.  

 

Article 3. The project introducer shall be granted the reward if the introduced capital is invested in the following projects.
1. Productive projects;
2. Projects of logistics, traffic and transportation industry;
3. Projects of trade and commercial circulation, hotel, catering industry and tourism;
4. Agricultural development projects;
5. Other projects recognized by the district government.

Article 4. Following the principle of “who benefits pays the reward”, the reward shall be paid and shared by governments of the district and the town (sub-district) in proportion to their financial sharing. The detail rules for its implementation shall be studied and formulated by the district bureau of finance and bureau of economy and trade. .

Article 5. Reward Standard
1. If the introducer introduces a foreign investment project with an investment amount of USD$ 1 to 3 million (including USD$1 million), he shall be awarded an amount equivalent to 0.3 per cent of the actual invested capital (the registered capital actually in place of the foreign-funded enterprise, same hereinafter). If the introducer invites a domestic investment project with an investment amount of RMB
8 to 24 million (including RMB8 million) and the proportion of fixed assets generated from the investment is over 50 per cent, he shall be awarded an amount equivalent to 0.3 per cent of the actual invested capital (the registered capital of the domestic enterprise, same hereinafter) when the enterprise has been put into normal operation for one year.

2. If the introducer introduces a foreign investment project with an investment amount of USD$ 3 to 10 million (including USD$3 million), he shall be awarded an amount equivalent to 0.5 per cent of the actual invested capital. If the introducer attracts domestic investment project with an investment amount of RMB24 to 80 million (including RMB24 million) and the proportion of fixed assets generated from the investment is over 50 per cent, he shall be awarded an amount equivalent to 0.5 per cent of the actual invested capital when the enterprise has been put into normal operation for one year.
3. If the introducer draws a foreign investment project with an investment amount of USD$10 million or more, he shall be awarded an amount equivalent to 0.8 per cent of the actual invested capital. If the introducer introduces a domestic investment project with an investment amount of RMB
80 million or more and the proportion of fixed assets generated from the investment is over 50 per cent, he shall be awarded an amount equivalent to 0.8 per cent of the actual invested capital when the enterprise has been put into normal operation for one year. 

Article 6: Confirmation of the project introducer’s qualification.
1. If the introduced project is a wholly foreign-owned project, the introducer shall, upon confirmation by the investment party and approval by the investment promotion office of the town (sub-district), sign an investment invitation confirmation agreement with the district investment promotion administrative office.
2. If the introduced project is a joint venture or cooperative project, the introducer shall, upon confirmation by the investment party and approval by the investment promotion office of the town (sub-district), sign an investment invitation confirmation agreement with the district investment promotion administrative office.
3. Should there be two or more introducers for one project, the reward will be granted at the standard of one project.

Article 7. Application and Reward Procedure:
1. The project introducer shall submit the letter of confirmation of the project which has been endorsed by the investment party and the investment promotion office of the town (sub-district) to the district investment promotion administrative office. The district investment promotion office shall be responsible for examination and verification of the introduced project and signing the investment invitation confirmation agreement.
2. When the project investment capital is in place, the introducer shall submit valid business registration certificate, paid-in capital certificate (capital verification report or fixed assets appraisal report issued by authorized statutory intermediary) to the investment promotion office of the town (sub-district) for examination and verification (projects introduced into Shunde Industrial Park shall be directly examined and verified by the investment promotion section of the park) before applying to the district investment promotion administrative office.

3. After receiving the application, the district investment promotion administrative office shall examine, verify and confirm the situation of the project, the introducer and the project capital, and put forward its opinion for the reward before forwarding to the district investment coordination leading group for examination and approval.
4. Reward of the introduced project shall be paid in full within one month after the confirmation of the project.
5. If an enterprise invests in Shunde District directly without the introduction of a project introducer, the reward shall go directly to the enterprise.
6. For domestic investment projects, the reward shall be paid by RMB. For foreign investment projects, the reward shall be converted into and paid by RMB at the foreign exchange rate of the day when the reward is approved.

Article 8. The project involving follow-up injection of capital to and expansion of production of the current enterprise falls out of the reward range of this decree.

Article 9. The introduced investment which falls within the functional scope of the functionaries of town (sub-district) and district organs does not apply to this decree.

 

Article 10. The district bureau of economy and trade shall be responsible for the interpretation of this decree.