High-quality development of headquarters firms promoted

Qualified headquarters enterprises set up in Shenzhen can enjoy a slew of benefits such as the setting-up rewards, contribution rewards, and rental and office space purchasing subsidies, according to the new measures issued in the latest government gazette.

The measures aim to encourage the high-quality development of enterprises whose headquarters or regional headquarters are in Shenzhen and make adjustments identifying headquarters enterprises that can enjoy the preferential policies, Shenzhen Special Zone Daily reported.

According to the measures, for newly introduced headquarters enterprises that meet certain requirements in registered capital and output value and realize their committed output value within the commitment period, they will be given a setting-up reward of 5 million yuan (US$772,500) when they fulfill their commitment in the second and third year, respectively.

Registered headquarters enterprises may apply for the contribution reward given that they have been continuously operating from one year to more than one year, have maintained positive revenue growth and have met the prescribed conditions for three consecutive years.

The contribution reward in principle will be no more than 20 million yuan.

For headquarters enterprises without their own office space in Shenzhen, if they rent the office space for their own use, they will be subsidized 50 percent of the actual rent every year, no more than five years at most.

The annual subsidy will not exceed 1.5 million yuan, as per the measures.

A one-off subsidy of 10 percent of the housing price will be given to headquarters enterprises which purchase an office space for their own use for the first time. The maximum subsidy is 50 million yuan.

Qualified headquarters enterprises can also apply to rent or purchase talent housing for their senior executives, according to the measures.