Key points of Guiyang's foreign investment promotion policies

Article 2. Major foreign investment projects

1. Projects in one of following situations shall be identified as major foreign investment projects：

(1) New projects (excluding real estate and finance industry) with a total annual foreign investment (excluding loans) of more than $30 million

(2) Headquarters or regional headquarters of multinational corporations with a total annual foreign investment of more than $10 million

(3) Newly introduced projects invested by Fortune Global 500 enterprises based overseas.

(4) Capital increase projects with a total annual foreign investment amount of more than $20 million.

2. Supporting standards

(1) Major foreign investment projects in Guizhou, which meet the above requirements, shall be supported according to a certain proportion of their financial contribution to the province that year.

(2) Headquarters or regional headquarters of foreign-funded multinational corporations, that contribute more than 50 million yuan to the province's finances for the first time, will get a higher supporting proportion according to their contribution.

(3) Matters not mentioned above shall be studied and discussed singly according to specific situations.

Article 3. International cooperation parks

1. A park which meets all the following requirements shall be identified as an international cooperation park:

(1) The park is located within a development zone, at or above the provincial level.

(2) The park is in line with regional economic and social development planning, general land and urban planning and has clear development space and specialized planning of land, industry and investment.

(3) The park has no major environmental, quality and safety problems and has completed environmental appraisals over the past three years.

(4) The park has clear existing commercial trading relations with other countries and established long-term relationships with relevant agencies.

(5) The park forms industrial clusters which have settled more than three overseas companies, with $10 million of capital in place, and is projected to attract more than five international businesses or projects within the next two to three years.

(6) Fixed assets investment per mu (0.07 hectares) and land output of the park are 10 percent higher than the average level of corresponding industries.

(7) Gathering of international talents and their living facilities to be established in two to three years.

(8) The park has established all-round and multi-layered exchanges and commercial relations with other countries.

2. Policy support

(1) Special funds shall be set up to support the international cooperation parks in their planning, construction, loan interest, project packaging, entrusted investment promotions, overseas promotions and project implementation.

(2) All taxes (local part) -- except real estate tax -- in the parks shall be returned in full.

(3) Major foreign investment projects in the parks enjoy land, incentives and other support policies.

(4) The parks enjoy policy support in the exit and entry of partner countries, investment promotions activities and in the resources of businesspeople.

Article 4. Regional headquarters of multinational corporations and functional organizations

1. Regional headquarters of multinational corporations in any of the following situations can enjoy corresponding policy support:

(1) A foreign-funded company established in Guizhou province.

(2) A foreign-funded enterprise's headquarters which is established in Guizhou province and which performs the management and service functions in the scope of trans-provincial regions and above and meets the following conditions:

A. It must have a separate legal entity.

B. The registered capital shall not be lower than $1 million.

C. The total assets of the parent company shall not be lower than $300 million or net assets shall not be lower than $100 million.

D. The investment of the parent company in China shall not be lower than $10 million and the number of management enterprises shall not be less than three (with at least one in Guizhou province); or the number of investment/management enterprises shall not be less than six.

2. A functional organization meeting all the following requirements can enjoy the corresponding policy support:

(1) It must have a separate legal entity.

(2) A foreign-funded enterprise or branch established in Guizhou province to perform the functions of management decision-making, fund management, procurement, sales, logistics, settlement, R&D and training in trans-provincial regions and above.

(3) The total assets of the parent company shall not be lower than $200 million and the number of foreign-funded enterprises established in China shall not be less than two (at least one in Guizhou).

(4) Registered capital or operating capital of branches shall not be lower than $2 million.

3. Policy support

(1) Personnel of key enterprises can enjoy policy support in visas, residences, household registration and enrollment of children.

(2) Headquarters or regional headquarters of foreign-funded multinational corporations (newly established since 2019), which contribute more than 50 million yuan to the province's finances for the first time, shall be supported according to a certain proportion of their contributions that year.

(3) Cities and autonomous prefectures of Guizhou province shall give different amounts of awards based on revenue in 2018.

Article 5. Complaint handling methods

Introduce measures to deal with complaints from foreign-funded enterprises and clarify the subject and scope of complaints, the mechanism for accepting responsibility, the time limit for their handling, as well as the mechanism for reconsideration application and supervision.