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Hefei high-tech zone introduces multiple policies to boost foreign investment

Updated: Aug 11, 2023 chinadaily.com.cn Print
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The Hefei National High-tech Industry Development Zone in Hefei, capital of East China's Anhui province recently released a set of policies aimed at attracting foreign investment.

According to the polices, enterprises that utilize foreign capital amounting to $1 million annually will be rewarded 1.5 percent of the actual amount used, up to a maximum of 5 million yuan ($691,494.38).

Fortune 500 companies that establish their China headquarters and sales center in the Hefei high-tech zone will be awarded up to a maximum of 10 million yuan.

Foreign-invested research and development (R&D) institutions with independent legal entities will receive a reward of 5 percent of the actual use of foreign capital, up to a maximum of 3 million yuan.

Additionally, rewards will be granted to investment intermediary agencies, institutional innovation, and foreign talents who start businesses within the zone.

Rent subsidies will also be provided for foreign-funded enterprises that occupy production or office spaces in the leased areas of the zone.

The zone is dedicated to providing streamlined services and protecting the legitimate rights and interests of expatriates, thereby facilitating their work and investment within the zone.

In the first half of this year, the Hefei National High-tech Industry Development Zone welcomed 24 new foreign-invested companies, bringing the total number of foreign-invested companies to over 330.


A view of the Hefei National High-tech Industry Development Zone. [Photo/xuexi.cn]

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