Guian New Area launches investment attraction policies

Guian New Area offers supporting policies for newly-introduced companies. [Photo/Guiyang Daily]

Guian New Area in Southwest China's Guizhou province recently released various investment attraction policies to accelerate the development of electronic information manufacturing, advanced equipment manufacturing, new energy vehicles, and new materials.

Support for manufacturing industry development

Manufacturing companies that are new to Guian New Area can receive financial support according to their contribution to Guian's overall revenue.

Newly introduced manufacturing companies that rent standard factories and warehouses in Guian will receive rent subsidies for up to five years if 70 percent of Guian's industries involve electronic information manufacturing, advanced equipment manufacturing, new energy vehicle and new materials, and 70 percent of the standard factories are rented.

The companies will also receive a 10 percent refund on investments in newly-purchased industrial production equipment within three years. The equipment should be used in Guian and the awards are limited to 3 million yuan ($474,694.29).

Support for software and information technology service industry

For software and information technology service companies that are new to Guian, during the five years after they achieve their first business revenue, they will have 80 percent of their added-value tax and corporate income tax paid to Guian refunded in the first three years and 60 percent of those paid in the next two years refunded.

The reward proportions for companies in Guiyang big data sci-tech innovation city are 85 percent during the first three years and 65 percent during the next two years.

Owners of buildings in Guiyang big data sci-tech innovation city will receive subsidies of 30 yuan per square meter per month for up to five years if more than 70 percent of the buildings are rented to software and information service companies with preferential prices and 50 percent of the revenue is contributed by main businesses.

Support for foreign capital, foreign trade, service trade, and cross-border e-commerce

Foreign-owned and foreign trade companies that recently registered or increased their fixed-asset investment in Guian can receive settlement support and awards according to their execution amount of offshore contracts, company size and business performance.

The policies also support companies in land usage, electricity consumption, talent, sci-tech research, finance, innovation, and entrepreneurship. For companies or projects that qualify for various supporting policies simultaneously, the policy offering the most support will be chosen.