Subsidies for Foreign-invested Enterprises in Shenzhen

The Bureau of Commerce of Shenzhen Municipality promulgated a regulation namely "Implementation on Rules of Distribution of Subsidies to New Established and Capital Increased Foreign-invested Enterprises in Shenzhen"(hereinafter referred to as the "Rules") on 6th January 2021. Foreign-invested enterprises registered in Shenzhen may apply for subsidies while they meet the requirements of the said Rules. 

1. Subsidy for New Established Enterprise

A foreign-invested enterprise may apply for subsidies according to the amount of the capital actually contributed by foreign shareholders in 2020 after the establishment of the enterprise.

2. Subsidy for Enterprise with Capital Increase

A foreign-invested enterprise may apply for subsidies according to the increased capital after the foreign shareholders have performed their initial capital contribution obligations in the enterprise.

3. Levels of Subsidies

The Rules stipulate that, with the exception of investments in the areas of real estate industry and financial industry, the subsidies  will be distributed in accordance with the following proportions to the amount of the capital actually realized and used by foreign-invested enterprises:

4. Requirements of Applicants for Subsidies

The following conditions shall be met while a foreign-invested enterprise is interested to apply for subsidies :

1) Registered address in Shenzhen with independent legal personality;

2) The applicant is not on any blacklist;

3) The applicant shall not repeatedly or multiply apply for the same or other subsidies;

4) Submit data and information related to foreign investment in P. R. China to the competent authorities.

Our law firm has rich experiences in providing different assistance to foreign-invested enterprises, such as setting-up of WFOE and Joint-Venture, restructuring, transaction, compliance of operation. Foreign investors are welcome to contact us to know more details relating to the application of the subsidies.

TEAM MEMBERS

Alice Sun  Partner

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Ms. Alice SUN is partner of P.C.WOO & ZHONGLUN W.D.LLP, counsel of China French Chamber of Commerce and Industry (South China), arbitrator in Wuhan Arbitration Commission and Changsha Arbitration Commission. Ms. Alice SUN's main fields of legal practice include cross-border M&A, private equity investment, restructuring, insolvency, public-private-partnership, etc. Before joining our law firm , Ms. Alice Sun has been working at ADAMAS Law Firm (Paris) and LPA-CGR Law Firm (Paris/Guangzhou/Shanghai).

Bingjie Xia  Assistant Lawyer

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Bingjie Xia graduated from Sun Yat-sen University (Bachelor of Law) and Leiden University (Master of Public International Law LL.M). She also had exchange experiences in Taiwan Tunghai University and Southampton University. She attended International Human Rights Law Summer Program in Oxford University, mainly studying international human rights law along with gender and sexuality. Ms.Xia’s expertise includes public international law, international human rights law and maritime law. Her working languages are Chinese and English.