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Daxing District Releases Investment Attraction Incentives Policy for Intermediaries, Up to 10 Million Yuan for Single Project

2021-06-02 13:12  

On May 23, Daxing District released the investment attraction incentives policy for intermediaries, setting "Economic Contribution Incentive", "Development Contribution Incentive" and "Outstanding Contribution Incentive", which were aimed to further promote high-quality development of economy, accelerate the construction of a high-end, precision and sophisticated industrial pattern, stimulate social forces to participate in investment promotion, and jointly promote the residence of high-quality enterprises in the district.

The incentive policy is available to intermediaries (excluding individuals) which register at the District Steering Group Office for Investment Promotion and promote the successful residence of projects or enterprises in Daxing District. Intermediaries may include domestic and foreign enterprises, social groups, intermediary agencies or other economic organizations. State organs, institutions, and their staffs, project-related units, investment stakeholders are excluded.

Three incentives are specified as follows:

1. Incentive for Economic Contribution

Within three natural years from the date of the project's residence in Daxing District, as long as its annual contribution to the regional economy in any of the three years reaches CNY 1 million and above as verified and confirmed by the district financial department, the intermediary for this project will receive a one-time reward of up to CNY 10 million based on 10 percent of the project's contribution to the regional economy in that year.

2. Incentive for Development Contribution

There are incentives for fixed asset investment and land use respectively.

Incentive for fixed asset investment: Within three natural years from the date of the project's residence in Daxing District, if the cumulative fixed asset investment (excluding the payment for land use) reaches CNY 50 million and above as verified and confirmed by the district statistics department, the intermediary for the project will receive a one-time reward of up to CNY 10 million for the fixed asset investment.

Incentive for land use: For a project in Daxing District obtaining the license for collective land for business construction and land for commercial use, if the land transaction price reaches CNY 100 million and above, the intermediary will receive a one-time reward of up to CNY 10 million according to 3 per mil of the transaction price when the district receives the payment for land use from the project investor.

Intermediaries can apply for both of the aforesaid incentives at the same time, with a maximal amount up to CNY 100 million.

3. Incentive for Outstanding Contribution

There are incentive for key enterprises and incentive for foreign-funded enterprises and enterprises outside Beijing.

Incentive for key enterprises: intermediaries facilitating the introduction of the headquarters, wholly-owned or holding subsidiaries of the Fortune Global 500 enterprises will receive a one-time reward of CNY 1 million. Intermediaries facilitating the introduction of the headquarters of China's central enterprises or top 500 enterprises will receive a one-time reward of CNY 800,000. Intermediaries facilitating the introduction of the headquarters of unicorn enterprises will receive a one-time reward of CNY 600,000. Intermediaries helping the introduction of the headquarters of little giants and gazelle enterprises will receive a one-time reward of CNY 400,000. This award can only be applied by intermediaries when the project's contribution to regional economy exceeds the standard after its residence in Daxing District.

Incentives for foreign-funded enterprise and enterprises outside Beijing: intermediaries facilitating the introduction of the headquarters, wholly-owned, or holding subsidiaries of foreign-funded enterprises will receive a one-time reward of CNY 500,000. Intermediaries facilitating the introduction of the headquarters of enterprises outside Beijing will receive a one-time reward of CNY 300,000. This incentive can only be applied by intermediaries when the project's contribution to regional economy exceeds the established standard after its residence in Daxing district.

Intermediaries can apply for both incentives at the same time.

Besides, for projects that make special contributions to the local economic and social development in Daxing District, the intermediaries for such projects will be rewarded appropriately on a case-by-case basis upon the decision of the District Steering Group Office for Investment Promotion.