Notification of the Management Committee of Wuhan Economic and Technological Development Zone concerning Issuing the Implementation Guidelines on Promoting Foreign Investment (for Trial Implementation)(《武汉365体育世界杯专用版_365bet娱乐app_best365官网体育投注管委会关于印发促进外商投资实施意见（试行）的通知》英文版）

Management offices of all industrial parks, all sub-district offices, all departments and units:

Implementation Guidelines of Wuhan Economic and Technological Development Zone on Promoting Foreign Investment (for Trial Implementation) are hereby issued to you for your conscientious implementation.

Administration of Wuhan Economic and

Technological Development Zone

July 15, 2022

(For public release)

Implementation Guidelines of Wuhan Economic and Technological Development Zone on Promoting Foreign Investment (for Trial Implementation)

To thoroughly implement the Circular on Measures of Active and Effective Use of Foreign Investment to Promote High-Quality Economic Development (No.19 [2018], the State Council), Guidelines on Further Improving the Utilization of Foreign Investment (No.23 [2019], the State Council), and relevant policies issued by Hubei provincial and Wuhan municipal government to actively use foreign investment, and for the purpose of contributing to Wuhan in establishing an “internationalexchange center” by creating a beneficial business environment and continuously enhancing economic extroversion, Implementation Guidelines of Wuhan Economic and Technological Development Zone on Promoting Foreign Investment （hereinafter referred to as Implementation Guidelines） are formulated in the light of the development reality of Wuhan Economic and Technological Development Zone（hereinafter referred to as WEDZ）.

Article 1  Reward for Settling in WEDZ

(1) A foreign-funded enterprise whose newly paid-in foreign registered capital reaches USD 3 million, USD 10 million, USD 30 million or the equivalent in foreign currency will receive a reward equivalent to 2%, 4% and 6% of the paid-in foreign registered capital and capped at RMB 25 million yuan.

(2) A foreign-funded enterprise established in WEDZ by world’s top 500 enterprises will be granted a reward equivalent to 6% of its newly paid-in foreign capital with a maximum reward of 25 million yuan. A non-independent incorporated branch set up by world’s top 500 enterprises will be offered a reward equivalent to 3% of the foreign fund in its actual investment amount and capped at 5 million yuan.

Article 2  Headquarter Reward

A foreign-funded enterprise that sets up a headquarter or a regional headquarter in WEDZ will receive a lump-sum reward of 3 million yuan if eligible with accreditation. Headquarter projects with significant influence and scale may enjoy preferential policies on a case-by-case basis.

Article 3  Fixed-asset Investment Reward

A foreign-funded enterprise whose actual foreign investment in fixed assets reaches USD 5 million or the equivalent in foreign currency will receive a reward equivalent to 8% of its actual investment in fixed assets with a maximum reward of 35 million yuan accumulatively.

Article 4  Workplace Support

(1) A foreign-funded enterprise that purchases self-use plants or offices will receive a subsidy equivalent to 10% of the actual paid price and capped at 10 million yuan accumulatively.

(2) A foreign-funded enterprise that newly rents self-use plant no less than 500 m² will be granted a subsidy equivalent to 80% of the contract rental for a period of no more than three years with a yearly subsidy capped at 3 million yuan.

(3) A foreign-funded enterprise or a non-independent incorporated branch (office) set up by international social organizations in WEDZ that newly rent self-use offices will be offered a subsidy equivalent to 50% of the contract rental. For the part exceeding 1000 m², the subsidy will be provided on a 30% basis. The subsidy shall be given for a period of no more than three years with a yearly subsidy capped at 3 million yuan.

Article 5  Senior Manager and Employee Reward

(1) For three consecutive years after settled in WEDZ, a company will be granted a reward of 3,000 yuan per person for hiring new employees with a bachelor’s degree or above who have their social insurance paid in WEDZ for the first time. The reward shall cover a number of new employees capped at 500 each year.

(2) For three consecutive years after a company settled in WEDZ, its employees whose annual income reaches 300,000 yuan and above will be rewarded with 100% of the zone’s retained portion of personal income tax.

(3) For three consecutive years after a company settled in WEDZ, the high-end talents of the company who rent apartments will be granted a subsidy equivalent to 50% of the contract rental (excluding utility and property fees, and related taxes) and capped at 2,000 yuan per month for each person. The subsidy shall cover a number of talents no more than 10% of the total number of the company’s regular employees with a maximum of 20 persons each year.

Article 6  Research and Development Reward

To encourage R&D work of foreign-funded companies. A company will be provided a reward 10% of its actual annual R&D expenditure with a yearly maximum reward of 3 million yuan for a period of no more than three years.

Article 7  Loan Interest Subsidy

A foreign-funded enterprise who obtains loans from domestic banks for own use will be given a subsidy equivalent to 30% of the loan interest for three consecutive years. The subsidy for a single company shall be capped at 3 million yuan a year.

Article 8  Development Contribution Reward

From the date of business registration, a foreign-funded enterprise in advanced manufacturing industry whose annual revenue exceeds 1 billion yuan, 5 billion yuan, and 10 billion yuan for the first time will receive a one-off reward of 3 million yuan, 6 million yuan, and 10 million yuan respectively. For a foreign-funded enterprise in modern service industry whose annual revenue exceeds 500 million yuan, 2 billion yuan, and 5 billion yuan for the first time will be granted a lump-sum reward of 3 million yuan, 6 million yuan, and 10 million yuan respectively.

Article 9  International Living Facilities Reward

(1) To support a foreign-funded enterprise in opening international supermarket chain or shopping malls in WEDZ. For an enterprise whose annual revenue reaches 50 million yuan for the first time after the date of its business registration, a lump-sum subsidy of 1 million yuan will be granted; and another 2 million yuan will be offered if the annual revenue reaches 100 million yuan for the first time.

(2) For a foreign-funded enterprise, establishing supermarkets or malls’ retailer in WEDZ (with a business area of no less than 3,000 m²), that belongs to retailers’ which have been in the Deloitte “Global Top 100 Retailers” list over the last three years (including the year that the enterprise applies for this reward), a lump-sum reward of 1 million yuan will be granted.

Article 10  Intermediary Reward

Intermediaries (including individuals and institutions) that successfully introduce and help the settling of a foreign-funded enterprise will be provided with a one-off reward equivalent to 2‰ of the foreign-funded enterprise’s actual paid-in foreign registered capital within 12 months after the foreign-funded enterprise’ business registration. The subsidy for one single project shall not exceed 5 million yuan.

The Implementation Guidelines shall be interpreted by the Investment Promotion Bureau (Commerce Bureau) of WEDZ. The Guidelines shall come into effect as of 30 days after the date of its publication and remain effective for 2 years, and the Implementation Rules of Wuhan Economic and Technological Development Zone on Promoting Foreign Investment (for Trial Implementation) shall come into effect at the same time. The Implementation Guidelines apply to enterprises that sign formal investment agreements with WEDZ from the date of the enforcement of the Implementation Guidelines and the Implementation Rules. The specific policy support regulated in the investment agreement shall prevail.

Annex: Implementation Rules of Wuhan Economic and Technological Development Zone on Promoting Foreign Investment (for Trial Implementation)  

Annex

Implementation Rules of Wuhan Economic and Technological Development Zone on Promoting Foreign Investment (for Trial Implementation)

In accordance with the Implementation Guidelines of Wuhan Economic and Technological Development Zone on Promoting Foreign Investment (for Trial Implementation) (hereinafter referred to as the Implementation Guidelines), the detailed rules for implementation are formulated.

Article 1  Application Scope and Objects

1 The Implementation Guidelines apply to newly settled foreign-invested projects which sign formal investment agreements with WEDZ. In accordance with the “14^th Five-Year Plan” Outline of National Economy and Society Development of WEDZ and “3335” modern industry system issued by WEDZ, preferential support shall be mainly focused on projects in the fields of new energy, new material, intelligent connected vehicles, digital economy, modern services, health, high-end equipment, intelligent construction, general aviation, modern logistics, and high-tech agriculture.

2 Unless otherwise stated, the Implementation Guidelines apply to foreign-funded enterprises which are registered in WEDZ and whose tax and statistics (accredited by the Statistics Department of WEDZ) are managed by the Zone, with the precondition that the enterprises are foreign funded (including investment from Hongkong, Macao and Taiwan) with a sound finance system, independent corporate capacity, and operate with independent accounting mechanism. Besides, the shareholding ratio of the foreign shareholders shall not be less than 25% and the actual paid-in foreign capital no less than USD 1 million.

3 For an enterprise that applies for the supportive policy illustrated in Article 2, Article 3, Article 5, Article 6, Article 7, Article 8, and Article 9 of the Implementation Guidelines, the actual paid-in foreign registered capital shall reach 50% of its registered capital.

4 In case of US dollar and other foreign currencies against the RMB exchange rates when implementing the Implementation Guidelines, the central parity rate of RMB (on the date of an enterprise’s capital installment) announced by relevant state departments shall be the basis for calculation.

5 The Implementation Guidelines do not apply to enterprises focused on construction and real estate industry (including commercial complexes, signature towns, and functional industrial park development), public-private partnership (PPP) projects, the financial industry and the quasi-fund-raising industry.

6 Enterprises, their legal representatives, the actual controllers, or senior executives that default or violate laws and regulations shall be ineligible for the supportive measures of the Implementation Guidelines. In case of any serious safety accident or environmental pollution incident found during the business operation of the enterprise, WEDZ has the right to cancel the supportive measures of the year.

7 Enterprises shall commit to comply with the Implementation Guidelines and the implementation rules. In case of violation, WEDZ has the right to withdraw follow-up support and the right to claim back all the rewards and subsidies that have been granted.

Article 2  Reward for Settling in WEDZ

1 The “newly paid-in foreign registered capital” refers to the newly paid-up registered capital from overseas shareholders (which is eligible to be included in the foreign investment statistics of the Ministry of Commerce, excluding loans taken out by foreign shareholders).

2 A foreign-funded enterprise or a foreign-funded branch shall actually carry out business in WEDZ, and the foreign capital which has been received reward or subsidy from government shall be invested on projects in WEDZ.

3 The world’s top 500 enterprises shall be based on the list published by authoritative institutions over the last five years. The branches of the world’s top 500 enterprises shall not withdraw the investment, and the investment which has been received reward or subsidy from government in this article shall be actually used for fixed assets in WEDZ.

4 Reward for settling in WEDZ shall be granted in installment in principle. The initial payment shall not exceed 40% of the total reward, and the remaining part shall be disbursed within two years based on the actual input, output, personnel, and other condition of the enterprise.

5 Application materials for the reward as the foreign-funded enterprise or the independent incorporated subsidiaries of world’s top 500 enterprises stated in Paragraph 1 and 2 of Article 1 of Implementation Guidelines:

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, the actual paid-in registered capital, and the capital using plan over the next 3 to 5 years.

(2) A copy of the Business License for the enterprise.

(3) FDI receipt and the capital verification report of the accumulated paid-in registered capital. The payer in the aforementioned FDI receipt shall be overseas shareholders. The central parity rate of RMB announced by relevant state departments on the date of transaction on the FDI receipt shall be the basis for calculation if needed.

(4) In case of registered capital increase from the undistributed profits of foreign shareholders of a foreign-funded enterprise, the following materials are needed: the audit report of the profit source enterprise, the resolution of the shareholders assembly or Board of Directors on profit distribution and capital contribution, capital verification report of the enterprise after capital increase, and other capital payment certificates.

(5) Enterprise audit report of the previous year.

(6) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(7) Workplace materials: contract and invoice of renting or purchasing plants or offices, bank payment voucher for renting or purchasing plants or offices.

(8) Commitment letter including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the reward and subsidy that have been given to the enterprise.

6 Application materials for a non-independent incorporated branch of world’s top 500 enterprises stated in Paragraph 2 of Article 1 in Implementation Guidelines:

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, and the development plan over the next 3 to 5 years.

(2) Establishment registration certificate.

(3) Detailed book for purchasing fixed assets (with voucher No.)

(4) Fixed assets purchase contract, invoice and bank payment voucher (which are all needed, payment for fixed assets in the previous year shall be valid when applying for this reward)

(5) Commitment letter including but not limited to: commitment not to move the registration address and office address away from WEDZ, and not to abstract the capital contribution within 10 years from the date of business registration. The investment shall be actually allocated to the operational expenditure of the branch. Commitment to comply with all the provisions of  Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the reward and subsidy that have been given to the enterprise.

Article 3  Headquarter Reward

1 A foreign-funded enterprise shall carry out actual business in WEDZ, and the foreign capital which is enjoyed the reward shall be invested on projects in WEDZ.

2 Enterprises which have been granted the "Headquarters Reward" of the Implementation Guidelines shall not in principle be granted the "International Living Facilities Reward", and vice versa.

3 A foreign-funded enterprise that applies for Headquarter Reward shall meet all the requirements below:

(1) To perform regional investment, management and service functions at cross-provincial or above level in the form of investment or authorized management.

(2) The paid-in registered capital shall not be less than USD 5 million, or the actual tax paid in WEDZ in the previous year shall not be less than RMB 5 million.

(3) To manage or authorized to manage no less than 3 independent incorporated entities (or no less than 6 independent incorporated entities and non-independent incorporated branches), at least one of which is registered outside Hubei Province. All independent incorporated entities under management or authorized management shall pay taxes normally and have continuous business contribution.

(4) An enterprise shall meet the above requirements and finish the accreditation within 3 years from the date of signing the investment agreement and the establishment of the enterprise.

4 Application materials

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, the actual paid-in registered capital, and the capital using plan over the next 3 to 5 years.

(2)  A copy of the Business License for the enterprise.

(3) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(4) Enterprise audit report of the previous year.

(5) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(6) Workplace materials: contract and invoice of renting or purchasing plants or offices, bank payment voucher for renting or purchasing plants or offices.

(7) List of companies in which the foreign-funded enterprise holds the majority of shares or to which the foreign-funded enterprise is authorized to provide management and service, copies of the three-in-one business license (or business license and tax registration certificate)of the companies in the list , and capital verification report.

(8) A statement of the establishment of regional headquarter signed by the legal representative of the enterprise and stamped by the enterprise. The statement includes matters such as the affiliation between the enterprise and the companies in the list, organizational structure, allocation of functions, tax payment, the proportion of business income, and necessary commitment.

(9) Commitment letter including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the reward and subsidy that have been given to the enterprise.

(10) Other materials required by the Management Committee of WEDZ.

Article 4  Fixed-asset Investment Reward

1 To avoid double counting, the cost of purchasing plants and offices and R&D expenses shall be deducted from the fixed-asset investment. The actual amount invested in fixed assets shall be subject to an outside audit.

2 As described in Implementation Guidelines, to enjoy the Fixed-asset Investment Reward, the foreign investment in fixed assets shall account for no less than 30% of the total fixed-asset investment.

3 In principle, the “Reward for Settling in WEDZ” and “Fixed-asset Investment Reward” in Implementation Guidelines shall not be granted to an enterprise at the same time, and of which the higher shall be offered.

4 A foreign-funded enterprise shall actually carry out business in WEDZ.

5 Application materials

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, the actual paid-in registered capital, and the development plan over the next 3 to 5 years.

(2) A copy of the Business License for the enterprise.

(3) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(4) Detailed book for purchasing fixed assets (with certificate No.)

(5) Fixed assets purchase contract, invoice and bank payment voucher (which are all needed. Payment for fixed assets in the previous year shall be valid when applying for this subsidy)

(6) Enterprise audit report of the previous year.

(7) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(8) Commitment letter including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the reward and subsidy that have been given to the enterprise.

(9) Other materials required by the Management Committee of WEDZ.

Article 5  Workplace Support

1 Enterprises shall not sell or rent the self-use plants or offices which enjoy the subsidies within five years from the date of purchase, and shall not change the use of them, otherwise WEDZ has the right to stop giving subsequent subsidies and recover all the subsidies that have been given to the enterprise.

2 Enterprises or a non-independent incorporated branch (office) of international social organizations shall not rent or sublease the plant or office which enjoy the subsidies, and shall not change the use of them, otherwise WEDZ has the right to stop giving subsequent subsidies and recover all the subsidies that have been given.

3 The subsidy standard for newly rented plant shall not be higher than 25 yuan per month per square meter, excluding utility and property fee, and related tax and fee. The subsidy standard for newly rented office shall not be higher than 70 yuan per month per square meter, excluding utility and property fee, and related tax and fee.

4 International social organizations include but not limited to overseas government departments or agencies, overseas international chambers of commerce and industry associations, overseas universities and research institutions, overseas science parks and incubators, foreign affairs-related alliances and service organizations, and other foreign science and technology business service organizations.

5 Subsidy for purchasing workplace and renting the place shall not be enjoyed by the same enterprise at the same time.

6 The recipients who have enjoyed the "Rewards for Settling in WEDZ" of Implementation Guidelines shall in principle no longer enjoy the "Workplace Reward", and vice versa.

7 A foreign-funded enterprise must actually carry out business in WEDZ.

8 Application materials:

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, and the development plan over the next 3 to 5 years.

(2) A copy of the Business License for the enterprise.

(3) Contract and invoice of purchasing workplace or renting workplace over the past two years.

(4) Bank payment voucher of purchasing or renting the workplace.

(5) Enterprise audit report of the previous year.

(6) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(7) Commitment letter, including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(8) Other materials required by the Management Committee of WEDZ.

Article 6  Senior Manager and Employee Reward

1 For the reward described in Paragraph 1 of Article 5 in Implementation Guidelines, the yearly number of rewarded individuals shall deduct the number of employees who left the enterprise and transferred their social security out of WEDZ in the year.

2 The relevant reward described in Paragraph 2 of Article 5 in Implementation Guidelines shall be directly remitted to individual accounts. Employees who enjoy the personal income tax reward shall actually work in the enterprise for at least one year (subject to personal income tax payment record). All eligible employees may enjoy the reward for the first year. For the second and the third year, senior managers whose annual income over 300,000 yuan will be provided with the reward. The number of rewarded employees shall not exceed 10% of the total number of the enterprise’s regular staff, with the maximum number of 15 per year.

3 A foreign-funded enterprise shall actually carry out business in WEDZ.

4 Application materials for Paragraph 1 of Article 5 in Implementation Guidelines:

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, the actual paid-in registered capital, and the development plan over the next 3 to 5 years.

(2) A copy of the Business License for the enterprise.

(3) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(4) List of employees whose social insurance were registered in the enterprise on December 31th of last year.

(5) List of employees whose social insurance are still registered in the enterprise on December 31th of this year.

(6) The graduation diploma, degree certificate, and labor (employment) contract of newly hired employees.

(7) Enterprise audit report of the previous year.

(8) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(9) Workplace materials: contract and invoice of renting or purchasing plants or offices, bank payment voucher for renting or purchasing plants or offices.

(10) Commitment letter, including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(11) Other materials required by the Management Committee of WEDZ.

5 Application materials for Paragraph 2 of Article 5 in Implementation Guidelines:

(1) Senior managers include chairman, vice chairman, general manager, deputy general manager, chairman of supervisors, chief economist, chief accountant, head of R&D department or equivalent positions.

(2) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, the actual paid-in registered capital, and the development plan over the next 3 to 5 years.

(3) A copy of the Business License for the enterprise.

(4) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(5) Personal application form (signed by the applicant), proof of identity, personal bank account and the code for filing personal income tax in the district.

(6) Certificate of tax payment and tax list of personal income tax paid in WEDZ for the year issued by the tax department.

(7) Labor (employment) contract, certificate of employment in service (affixed with the seal of the enterprise), letter of assignment from the holding enterprise, etc.

(8) Enterprise audit report of the previous year.

(9) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(10) Workplace materials: contract and invoice of renting or purchasing plants or offices, bank payment voucher for renting or purchasing plants or offices.

(11) Commitment letter, including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(12) Other materials required by the Management Committee of WEDZ.

6 Application materials for Paragraph 3 of Article 5 in Implementation Guidelines:

(1) High-end talents are employees who sign labor (employment) contracts with enterprises in WEDZ, actually work,  pay social security and personal income tax continuously for more than one year in WEDZ, and have an annual personal income above RMB 300,000 yuan.

(2) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, the actual paid-in registered capital, and the development plan over the next 3 to 5 years.

(3) A copy of the Business License for the enterprise.

(4) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(5) Proof of rank, labor (employment) contract, annual salary list, proof of salary payment, proof of social security payment and tax payment.

(6) Apartment rent contract, payment voucher, invoice.

(7) Enterprise audit report of the previous year.

(8) Social insurance payment certificate or tax payment certificate of the previous year of the enterprise in WEDZ.

(9) Workplace materials: contract and invoice of renting or purchasing plants or offices, bank payment voucher for renting or purchasing plants or offices.

(10) Commitment letter, including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(11) Other materials required by the Management Committee of WEDZ.

Article 7  Research and Development Reward

1 The actual annual R&D expenditure of enterprises shall be based on the outside audited data of R&D expense with additional deduction.

2 If an enterprise that enjoys the "Reward for settling in WEDZ" of Implementation Guidelines carries out research and development work in WEDZ, in principle, it may apply for the "R&D Reward" in Implementation Guidelines, and shall not declare R&D support in other district-level policies.

3 A foreign-funded enterprise shall actually carry out business in WEDZ.

4 Application materials:

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, the actual paid-in registered capital, and the plan of R&D over the next 3 to 5 years.

(2) A copy of the Business License for the enterprise.

(3) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(4) Detailed book of R&D expenditure, contract, invoice and bank payment voucher.

(5) Enterprise audit report of the previous year.

(6) Audit report of R&D expense with additional deduction of the previous year.

(7) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(8) Workplace materials: contract and invoice of renting or purchasing plants or offices, bank payment voucher for renting or purchasing plants or offices.

(9) Commitment letter, including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(10) Other materials required by the Management Committee of WEDZ.

Article 8  Loan Interest Subsidy

1 For a foreign-funded enterprise that applies for Loan Interest Subsidy, it is necessary to clearly state in the investment agreement that the enterprise shall open a bank account in WEDZ, carry out loan business and ensure that the relevant data to be included in WEDZ. If the loan interest rate for a foreign-funded enterprise exceeds the latest loan prime rate (LPR) issued by the National Interbank Funding Center when the enterprise applies for the sunsidy, the latest loan prime rate (LPR) shall be the basis for calculation.

2 A foreign-funded enterprise shall actually carry out business in WEDZ.

3 Application materials;

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, intended use of the loan (statement of loan expenditure shall be attached), and  the development plan over the next 3 to 5 years.

(2) A copy of the Business License for the enterprise.

(3) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(4) Loan contract, bank payment voucher and bank certificate for loan interest.

(5) Enterprise audit report of the previous year.

(6) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(7) Workplace materials: contract and invoice of renting or purchasing plants or offices; bank payment voucher for renting or purchasing plants or offices.

(8) Commitment letter, including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(9) Other materials required by the Management Committee of WEDZ.

Article 9  Development Contribution Reward

1 A foreign-funded enterprise shall actually carry out business in WEDZ, and the foreign investment which is enjoyed the reward shall be invested on projects in WEDZ.

2 Reward in this article involves modern service industries as below: transportation, storage and postal services, information transmission, software and information technology services, leasing and business services, scientific research and technology services, water conservancy, environment and public facilities management, residential services, repair and other services, education, health and social work, culture, sports and entertainment, retail sales through the public network and mail order and television and telephone retail services, as well as accommodation and catering services through the public network to achieve sales services, excluding wholesale.

3 An enterprise which has received the "Development Contribution Reward" of Implementation Guidelines shall, in principle, no longer enjoy the "International Living Facilities Reward" and vice versa.

4 Business income is the taxable income generated by the enterprise in WEDZ.

5 Application materials:

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, the actual paid-in registered capital, and the development plan over the next 3 to 5 years.

(2) A copy of the Business License for the enterprise.

(3) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(4) Enterprise audit report of the previous year.

(5) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(6) Commitment letter, including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(7) Other materials required by the Management Committee of WEDZ.

Article 10  International Living Facilities Reward

1 A foreign-funded enterprise shall actually carry out business in WEDZ.

2 Business income is the taxable income generated by the enterprise in WEDZ.

3 Application materials:

(1) Introduction of the enterprise, including but not limited to: introduction of the main business, the actual office location (conditions should be stated that whether the workplace is rented or purchased and the corresponding size of the area), the number of staff, revenue and tax paid over the past three years, and the development plan over the next 3 to 5 years.

(2) A copy of the Business License for the enterprise.

(3) Relevant certificates of the accumulative paid-in registered capital (see Paragraph 5 of Article 2).

(4) Enterprise audit report of the previous year.

(5) Social insurance payment certificate or tax payment certificate of the previous year in WEDZ.

(6) Workplace materials: contract and invoice of renting or purchasing plants or offices, bank payment voucher for renting or purchasing plants or offices.

(7) Commitment letter, including but not limited to: commitment not to move the registration address and office address away from WEDZ, not to change the tax obligation in WEDZ, not to abstract the capital contribution, not to reduce the registered capital within 10 years from the date of business registration, and commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(8) Other materials required by the Management Committee of WEDZ.

Article 11  Intermediary Reward

1 Investment promotion intermediaries include financial media, international financial platforms/economic and trade institutions, chambers of commerce, industry associations/unions, professional intermediaries, private non-enterprise units and social organizations, etc. The Intermediaries shall be identified by the foreign investor, the investment promotion department of WEDZ and the industrial park where the enterprise are located in.

2 To apply Intermediary Reward, a newly established foreign-funded enterprise introduced by intermediaries or individuals shall have its paid-in foreign capital no less than USD 3 million within 12 months from the date of its establishment.

3 A foreign-funded enterprise introduced by intermediaries shall comply with Article 1 “application scope and objects" in the implementation rules, and shall not be government direct investment projects.

4 Foreign investors shall not apply for Intermediary Reward as an intermediary or entrust a proxy to apply for the reward for their own investment projects.

5 Application materials:

(1) Introduction of a newly settled foreign-funded enterprise, including but not limited to introduction of the main business, the actual office location (conditions should be stated that whether the office is rented or purchased and the corresponding size of the area), the number of staff, the condition of investment, construction, and business, the actual paid-in registered capital, and the capital using plan over the next 3 to 5 years.

(2) A copy of the Business License for the newly established foreign-funded enterprise.

(3) Relevant certificates of the accumulative paid-in registered capital of a newly established foreign-funded enterprise (see Paragraph 5 of Article 2).

(4) A letter of entrustment issued by the foreign investors for the introduction of investment.

(5) Project referral materials (including but not limited to the confirmation letter from the investment promotion departments and the industrial park where the newly established foreign-funded enterprise is located in).

(6) A copy of the intermediary's business license and a copy of the legal representative's valid identification.

(7) Copy of valid ID card of the intermediary individual.

(8) In case of an intermediary team (2 or more people) applying for the reward, regardless of the number of people, the total amount of the reward remains unchanged. One of the applicants shall be entrusted with written material to proceed the application process. The distribution of the reward is negotiated by the intermediary team itself.

(9) Commitment letter, including but not limited to: commitment that the  information provided is true and valid. There is no deception such as concealing the relevant information. Intermediaries and individuals do not hold a post in the referred foreign-funded enterprise, and there are no equity relationships, employment relations, or kinship relations between the intermediary and the enterprise. Commitment to comply with all the provisions of the Implementation Guidelines and the implementation rules. If any of the foregoing commitments is violated, Management Committee of WEDZ has the right to stop granting subsequent support and recover all the subsidies that have been given to the enterprise.

(10) Other materials required by the Management Committee of WEDZ.

Article 12  If one item is eligible for articles in other preferential policies issued by WEDZ, unless otherwise specified, the principle of “offer the higher subsidy without double counting” shall prevail.

Article 13  For projects with vast investment, strong promotion to local industries, and huge contribution to local economy, incentives shall be granted on a case-by-case basis.

Article 14  Tax-related expense of rewards or subsidies obtained by enterprises and individuals shall be paid by their own. The rewards or subsidies obtained by enterprises shall be used in accordance with the relevant state laws and regulations.

Article 15  During the implementation of Implementation Guidelines, in case of any inconsistency arising from the adjustment of national laws and regulations and relevant provisions of provincial and local governments, national laws and regulations and relevant provisions of provincial and local governments shall prevail.

Article 16  The implementation rules shall be interpreted by Investment Promotion Bureau (Commerce Bureau) of Wuhan Economic and Technological Development Zone.