Preferential Policies for Investment in Yunyan District (Trial Measures)

Article 1 Applicable Objects

Eligible enterprises are newly settled enterprises (excluding real estate companies) whose industrial and commercial registration place, tax collection, management relationship, and statistical relationship are within the scope of the Yunyan district. They are also required to have a sound financial system, an independent legal personality, and independent accounting and make not less than two million yuan of annual contribution to the local economic development of the district (based on value-added tax and corporate income tax).

Enterprises that enjoy the preferential policies must promise not to leave Yunyan district within 10 years, not to change their tax liability in the district, and not to reduce their registered capital. If a supported enterprise violates the above commitments, the district will take back all the preferential support the enterprise has already enjoyed.

Article 2 Preferential Support for Encouraged Industries 

Enterprises whose main business is in line with the encouraged industries designated by China's national western development drive, and whose main business accounts for more than 70 percent of their total annual revenue, shall enjoy a 15 percent enterprise income tax rate after confirmation by the tax authorities.

Article 3 Enterprise Settlement Reward

 (1) World top 500 enterprises, China's top 500 enterprises and the top 500 private enterprises in China will be awarded 10 million yuan, nine million yuan, and eight million yuan, respectively, if they establish their national headquarters in Yunyan district.

(2) Holding subsidiaries or wholly-owned enterprises of the world top 500 enterprises, the Chinese top 500 enterprises, and the top 500 private enterprises in China will be awarded two million yuan, one and half million yuan, and one million yuan, respectively.

Article 4 Economic Benefit Contribution Reward

Enterprises whose main business revenue reaches more than 100 million yuan in the first 1-5 years from the year of registration will be awarded a prize equivalent to 50 percent of the value-added tax and corporate income tax paid by the enterprises.

Enterprises that have enjoyed the five-year term of this policy are eligible to apply for an economic benefit contribution award for a period of five years from the sixth year onwards. They will be awarded 50 percent of the incremental portion of the district-level retention of the value-added tax and corporate income tax paid by the enterprises and the previous highest annual growth.

Article 5 Land Contribution Reward

For enterprises that have reached the requirements of Article 4 of this policy and generate one million yuan or more per mu of land for the district's economic development per year, an additional economic contribution award will be award to them equal to 10 percent of the value-added tax and corporate income tax paid by them.

Article 6 Executive Talent Reward

For the first 1-5 years from the year of registration, the senior management personnel (including the chairman, vice chairman, general manager, deputy general manager, chief supervisor, chief economist, chief accountant or other personnel of equivalent rank) shall be awarded a prize equivalent to 100 percent of their personal income tax (salary income contribution to local economic development).

Article 7 Support for Office Space

The district's enterprises are eligible for a subsidy of 30 yuan per square meter per month for office space rental for self-use for three years, and the maximum subsidy amount shall not exceed 500,000 yuan per year. Those enterprises that purchase office space for self-use will be eligible for a one-time subsidy of 10 percent of their purchase price, and the highest subsidy shall not exceed one million yuan.

Article 8 Incentives for Enterprises to Go Public

Enterprises settled in Yunyan district and listed on China's domestic main boards will be eligible for a maximum reward of 20 million yuan; enterprises listed on the SME board and growth enterprise board 10 million yuan; and enterprises listed on the "New Third Board" two million yuan.

Article 9 Support for Key Projects

For the key projects with strong leading effect and great contribution to the economic development of Yunyan district, the district government may give special support based on individual projects after review and approval.

Article 10 Supplementary Provisions

 (1) The same project or item of enterprises that simultaneously conforms to the provisions of this policy measures and the provisions of other provincial, municipal, or district-level supporting policies, shall be supported only once with the highest reward. In principle, the annual support obtained by an enterprise shall not exceed its annual contribution to the district's economic development, unless otherwise stipulated.

(2) These measures shall come into effect from the date of promulgation. If the relevant laws and policies are amended these measures shall be evaluated and revised according to the amendments.