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Policies for Encouraging the Development of Headquarters Enterprises
Qingdao Government | DECEMBER 28,2021

(1) Overview:

Article I Registration and Settlement Of newly registered headquarters enterprises in Qingdao, those with a paid-up registered capital ranging from 100 million yuan (inclusive) to 1 billion yuan will be given a lump-sum subsidy of not more than 10 million yuan; those with that capital ranging from 1 billion (inclusive) yuan to 2 billion yuan will be given a lump-sum subsidy of not more than 20 million yuan; those with that capital reaching more than 2 billion yuan will be given a lump-sum subsidy of not more than 40 million yuan. The above subsidies will be allocated within three years from the year in which the headquarters enterprise actually contributes to the local finance and will be not more than the total amount of its contributions to the local finance during the three years; the subsidies shall be borne by the municipal finance and the district (county-level city) finance according to the relevant fiscal system.

Article II Operation Contributions. Newly registered or introduced enterprises in Qingdao recognized as headquarters enterprises will be subsidized with 50% of their respective annual total contributions to the local finance within the first full year after the date of recognition, and will be subsidized with 25% of their annual total contributions to the local finance respectively in the following two years; the subsidies shall be borne by the municipal finance and the district (county-level city) finance according to the relevant fiscal system.

Article III Industrial Chain Investment Promotion For key supporting projects introduced by headquarters enterprises for industrial chains that belong to the upstream and downstream of the chains with total investments of more than 100 million yuan, 500 million yuan, and 1 billion yuan, the headquarters enterprises will be rewarded with 300,000 yuan, 500,000 yuan, and 1 million yuan respectively.

Article VI House Property Subsidies Starting from the date of recognition, newly registered or introduced headquarters enterprises in Qingdao will receive office and business occupancy support or a lump-sum subsidy of at most 5 million yuan for covering expenses of building, purchasing or renting offices and business occupancy from the districts (county-level cities) where they are located.

Article V Enterprise Development For the headquarters enterprises recognized in Qingdao, those first selected into the "Fortune Global 500", "China Top 500", "Top 100 Chinese Software Industry Companies", "Key Software Enterprises in National Planning Layout" and "Shandong Top 100" will be rewarded with 10 million yuan, 3 million yuan, 2 million yuan, 2 million yuan and 1 million yuan respectively. For headquarters enterprises with annual operating revenue exceeding 50 billion yuan, 10 billion yuan, 5 billion yuan and 3 billion yuan for the first time, the operators will be awarded 1 million yuan, 500,000 yuan, 300,000 yuan and 200,000 yuan, respectively.

Article VI Stock Headquarters Enterprise Contributions Enterprises registered in Qingdao that are recognized as headquarters enterprises due to their newly established headquarters functions and the adjustment of accounting methods will be subsidized with 50% of the amount increase in the year based on the local financial income of the year before the application year if they declare rewards within 3 years from the date of recognition; the subsidies shall be borne by the municipal finance and the district (county-level city) finance according to the relevant fiscal system.

Article VII Talent Policies Headquarters enterprises are supported to grant 10% of their incentive fund to their senior managers (i.e. chairman, vice-chairman, general manager, deputy general manager, financial manager, secretary of the board of directors of a listed company, and other senior managers stipulated in the articles of association of each enterprise), and grant another 10% to professional and technical personnel (i.e. professional backbone personnel with sub-senior or above professional and technical qualifications, technicians' occupational qualifications, and doctor's degree or above; other talent with high professional quality and outstanding contributions). Headquarters enterprise talent reward funds are mainly used for individual business innovation, rent subsidies, and learning and training. Professionals in headquarters enterprises who meet the requirements of Qingdao's talent policies are eligible to apply for the city's preferential policies for introduced talent in terms of residence and settlement, professional title evaluation, children's schooling, housing, medical security, etc.

Article VIII Funding Facilitation. Businesses such as centralized operation and management of domestic and foreign funds, centralized management of foreign debts and overseas loan limits, centralized receipt and payment of funds of current accounts, and netting settlement can be conducted according to the relevant provisions on foreign exchange control. Headquarters enterprises are encouraged to complete the centralized operation and management of group funds through channels such as cross-border two-way renminbi capital pool and centralized receipt and payment of cross-border renminbi under current accounts, so as to improve the efficiency of the use of funds.

Article IX Entry and Exit Facilitation. Foreigners who need to enter China for a temporary stay multiple times at the invitation of headquarters enterprises are eligible to apply for multiple-entry visas with a validity of entry not exceeding one year and a duration of stay not exceeding 180 days. Those who need to come to Qingdao for a temporary at the invitation of the headquarters enterprises shall apply for an entry visa at Chinese embassies and consulates abroad; if the time is limited, they may apply for a visa at the port of entry in accordance with the relevant provisions of the country. Those employed by headquarters enterprises who need to work in Qingdao for a long time are eligible to apply for a work residence permit for foreigners for the corresponding period after obtaining a valid work permit for foreigners working in China. Foreign senior managers and core technicians of a headquarters enterprise are eligible to apply for "People's Republic of China's Foreign Permanent Resident ID Card" in accordance with relevant regulations.

(2) Service Object: Headquarters enterprises that have been recognized by the Qingdao Municipal Bureau of Commerce and which meet the conditions required by Qingdao for headquarters enterprise rewards in the year of application. The recognition of headquarters enterprises shall be subject to the provisions of the Measures for the Recognition and Management of Headquarters Enterprises of Qingdao.

(3) Implementation Procedures

① Enterprise Application

The application work of headquarters enterprises shall be managed in a localized manner. The qualified enterprises submit application materials to the district (county-level city) level headquarter economy management departments prior to the end of June each year.

② Preliminary Examination

The headquarter economy competent department of each district (county-level city) is responsible for the preliminary examination of the application materials of enterprises within their jurisdiction (For materials whose original copies are required to be examined, it shall be marked that the original copy has been checked). After the opinions for preliminary examination are issued, the applications are collected and submitted to the Qingdao Municipal Bureau of Commerce before the end of July.

③ Reexamination

The Qingdao Municipal Bureau of Commerce reexamines the enterprises' application materials submitted by all districts (county-level cities). The reexamination may be conducted in accordance with the specific circumstances of the enterprises, and a third-party intermediary agency may be entrusted for the examination when necessary.

④ Publicity

The Qingdao Municipal Bureau of Commerce gives opinions about the reexamination and publicizes the results on the government affairs website of the Bureau for five working days.

⑤ Fund Allocation

When there is no objection to the results, the Qingdao Municipal Bureau of Commerce submits its suggestion on allocating rewarding funds to the Qingdao Municipal Finance Bureau in accordance with the procedures. The Qingdao Municipal Finance Bureau distributes the funds to the relevant organs of the districts (county-level cities) in accordance with the prescribed procedures, and the organs of districts (county-level cities) allocate the funds to the relevant enterprises.

(4) Term of Validity: 2020–2025

(5) Policy Implementation (Interpretation) Authority: Market Allocation Division of Qingdao Municipal Bureau of Commerce (Tel: 0532-85918767)

(6) Document: Notice of Qingdao Municipal Command for Investment Promotion and Talent Introduction on Issuing the "Policies for Encouraging the Development of Headquarters Enterprises in Qingdao" (QZZ [2020] No. 5)


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