Subsidy and Incentive Policies
Subsidy and Incentive Policies of Nine Mainland Cities of the Greater Bay Area
Business start-up subsidies
Incentive subsidies for technology industries
| City | Name of Policy | Summary |
| Guangzhou | Support Measures for Promoting the High-quality Development of High-tech Enterprises in Guangzhou Municipality | |
| Administrative Measures for Science and Technology Business Incubators in Guangzhou Municipality | ||
| Notice in relation to the “Measures for Developing Sci-tech Innovation Entities and Promoting the High-quality Development of High-tech Enterprises in Guangzhou Municipality” | ||
| Shenzhen | Circular of the Science, Technology and Innovation Commission of Shenzhen Municipality and the Shenzhen Tax Service of the State Taxation Administration on the Administrative Measures for Matters Concerning Tax Concessions for Technical Contracts in Shenzhen | In addition to turnover tax exemption (transition from business tax to value-added tax) provided in the Administrative Measures, eligible technical contracts are also entitled to a reduction or exemption in corporate income tax for technical transfer, extra pre-tax deductions for research and development expenses, and a reduction or exemption in individual income tax for technological personnel who have received cash incentives for the transformation of technological achievements, among others. |
| Circular on the Administrative Measures for Special Technological Research Projects in Shenzhen | For projects approved and funded before implementation, the competent science and technology department of Shenzhen shall sign a contract or project charter with the project undertaker and relevant parties, which shall set forth the objectives, budget utilisation, performance evaluation indicators, intellectual property ownership and other details of the project. The fund shall amount to no more than 50% of the total budget of the project, and will be granted by tier based on the results of the project review. The funding amount shall not exceed RMB 5 million per general project, RMB 10 million per public call project, RMB 10 million per key project, and RMB 30 million per major project. ‘Milestone funding’ refers to the issuance of funds to one leading applicant per project, which is subject to a ‘milestone’ assessment at each phase. The assessment will cover several areas of the project, including the technical plan, preliminary research results, and financial conditions. The first instalment amounting to 30% of the total fund will be given at the initial approval stage of the project (at no more than RMB 3 million). | |
| Circular of the Science, Technology and Innovation Commission of Shenzhen Municipality on the Administrative Measures on Shenzhen-Hong Kong-Macao Science and Technology Projects in Shenzhen | The Shenzhen-Hong Kong or Shenzhen-Macao joint funding projects launched via co-operation agreements between the Shenzhen and Hong Kong or Macao governments shall be jointly solicited, assessed and funded by the Science, Technology and Innovation Commission of Shenzhen, Innovation and Technology Commission of Hong Kong, and Science and Technology Development Fund of Macao. The applicants from Shenzhen and Hong Kong or Macao must first submit separate applications to the local science and technology departments, and the fund will be granted by the said departments of the two cities concerned following their joint assessment and approval. The maximum fund that can be approved by Shenzhen is RMB 3 million per project. | |
| Implementation Advices on Financial Support for Technological Innovation in Shenzhen Municipality | ||
| Zhuhai | Administrative and Support Measures for Technology Entrepreneurship Incubators in Zhuhai Municipality | |
| Foshan | Circular of the Office of Foshan Municipal People’s Government Concerning Amendment to the Funding for Technology and Innovation Teams | Technology and innovation teams which plan to establish or have already established companies in Foshan may apply for the fund. Teams who pass the application review will receive a fund of between RMB 2 million and 20 million. |
| Measures for Sci-tech Innovation Support for High-quality Development of Manufacturing Industry in Foshan Municipal Nanhai District | ||
| Dongguan | ||
| Implementation Opinions on Accelerating the New-type Industrialisation and Constructing the High-quality International City of Science, Technology and Manufacturing | ||
| Implementation Measures of Supporting Technology Research and Development in Dongguan Municipality Songshan Lake | ||
| Huizhou | Measures for Building Huizhou Municipality into a Preferred Place for the Transfer and Transformation of Scientific and Technological Achievements in the Guangdong-Hong Kong-Macao Greater Bay Area | |
| Administrative Measures for New Research and Development Institutions in Huizhou Municipality | ||
| Zhongshan | Notice on the Publication of the Management Methods of Special Funds for Science and Technology Talents Development in Zhongshan | A subsidy for accredited new high-tech enterprises: for new high-tech enterprises that have passed the accreditation the previous year, a one-off subsidy of RMB 100,000 will be granted to enterprises with a business revenue of no less than RMB 20 million and a one-off subsidy of RMB 50,000 to enterprises with a business revenue of less than RMB 20 million. A one-off subsidy of RMB 1 million will be granted to high-tech enterprises which have been newly relocated to the city with an annual business revenue of over RMB 20 million, and promise not to move out and maintain an annual business revenue of over RMB 20 million within three years. Post-R&D subsidy for enterprises: For enterprises with R&D expenses in the previous year accounting for no less than 2% of their business revenue over the same period and extra deduction of R&D expenses amounting to RMB 1 million or above, a subsidy will be granted for up to 3% of the extra deduction of R&D expenses before tax in the previous year as provided by tax authorities. Municipal benchmarking innovative enterprises will be granted a subsidy of up to 6% of the extra deduction of R&D expenses before tax in the previous year as provided by tax authorities. Post-R&D subsidy shall be given to eligible enterprises based on the principle that ‘the higher amount prevails’, and the actual subsidy ratio will depend on the municipal fiscal budget of the year. The post-R&D subsidy granted to the same enterprise for the same year shall not exceed RMB 10 million. Subsidy for enterprises’ counselling on management upgrades: to support productivity (promotion) centres and other sci-tech service institutions from Hong Kong, Macao and Taiwan in providing local enterprises with counselling services for management upgrades, a subsidy up to RMB 300,000 based on a maximum of 60% of the counselling fees will be granted to enterprises counselled by productivity (promotion) centres and other sci-tech service institutions from Hong Kong, Macao and Taiwan. Subsidy for provincial innovation vouchers: enterprises that have already redeemed their provincial innovation vouchers will receive a subsidy for 50% of the provincial subsidy amount. Subsidy for national and provincial science and technology awards: a subsidy for 100% of the amount of national and provincial science and technology awards will be granted to the winning units. |
| Notice of the People’s Government of Zhongshan Municipality on Issuing the “15 Measures for Building a Strong City of Science and Technological Innovation in Zhongshan Municipality” | ||
| Jiangmen | ||
| Measures for Promoting the Development of High-tech Enterprises in Jiangmen Municipality | ||
| Circular of the Jiangmen Science and Technology Bureau, Jiangmen Talent Bureau and Jiangmen Finance Bureau on Issuing the Implementation Measures for Funding the Establishment of Technology Innovation Platforms in Jiangmen | Key laboratories, technology innovation centres, new R&D institutions and offshore R&D institutions that have been accredited (or approved) by the Ministry of Science and Technology will receive one-off establishment funding of RMB 5 million, RMB 5 million, RMB 3 million and RMB 3 million respectively. Key laboratories, new R&D institutions, technology innovation centres, offshore R&D institutions, engineering research centres and academic workstations that have been accredited (or approved) by the Department of Science and Technology of Guangdong Province will receive one-off establishment funding of RMB 2 million, RMB 2 million, RMB 2 million, RMB 1 million, RMB 500,000 and RMB 500,000 respectively. New R&D institutions, academic workstations, science and technology commissioner workstations and engineering research centres that have been accredited by the Jiangmen Science and Technology Bureau will receive a one-off establishment subsidy of RMB 200,000, RMB 200,000, RMB 150,000 and RMB 100,000 respectively. The funding will be issued in the form of post-completion subsidies. | |
| Zhaoqing | Circular of the Science and Technology Bureau of Zhaoqing Municipality on Issuing the Administrative Measures for Financial Subsidies for Research and Development of Enterprises in Zhaoqing | The enterprises must have established a support account or special account for R&D expenses, have applied to the tax department for the extra deduction of R&D expenses in the previous year, and have invested not less than RMB 2 million annually in R&D. The subsidy granted to each enterprise shall not exceed the income tax paid by the enterprise to the local treasury in the year of the occurrence of the extra deduction of R&D expenses. The annual total of subsidies granted to each enterprise shall not exceed RMB 500,000 million. |
| Measures of Scientific and Technological Innovation Support for High-quality Development in Zhaoqing Municipality |
Office rental subsidies
Notes:
1. Mainland policies are updated from time to time and are subject to the latest mainland laws and regulations.
2. The above list only covers the major measures. For more details, please refer to the announcements by respective mainland departments.
3. The above measures are presented as a summary; for full texts, please refer to the hyperlinks provided.
