Measures to promote the development of technology innovation in Chongqing Liangjiang New Area
These Procedures apply to technology-based enterprises or institutions registered, operated, and taxed in Liangjiang New Area and enterprises that are in line with the strategic emerging industries in Chongqing and Liangjiang New Area.
Article 1 For enterprise established in Liangjiang New Area and its main business is in line with the regulations of the encouraged catalogue of the western development of the country, the enterprise income tax shall be levied at a reduced rate of 15%.
Article 2 For newly introduced foreign-funded technology-based enterprises, if the registered capital is paid over 2 million US dollars ( including 2 million US dollars) within one year from the date of establishment, a one-time reward of up to 5 million yuan shall be given according to the standard of 1 US dollar for 0.1 yuan. For newly introduced domestic-funded technology-based enterprises, if the registered capital is paid over 15 million yuan (including 15 million yuan) within one year from the date of establishment, a one-time reward of up to 5 million yuan shall be given according to the standard of 1% of the paid-up registered capital. For the academicians of Chinese Academy of Sciences (Engineering Institute) as well as the academicians of foreign academies (engineering institutes) who establish science and technology enterprises in our area, and rent the carriers built or operated by the local government as office space, the renting fee will be fully supported in the first 3 years and the renting area should not exceed 1000 square meters. At the same time, according to the standard of 1000 yuan / square meter, a one-time decoration subsidy of up to 2 million yuan will be given.
Article 3 For the key technology-based enterprises newly introduced in the year of establishment, 100% of the tax levied by the local government in the first 3 years will be returned, and 50% will be returned in the latter three years.
Article 4 For the newly-introduced technology-based enterprises, the enterprises’ executives and high-tech talents with an annual salary income of more than 200,000 yuan (The maximum number of applicants must not exceed 10% of the total number of social security contributions paid by the company) will get 100% of rewards of the personal income tax portion levied by the local government from the year of establishment to the first five years, as well as support in talent apartments, home assistance, children's education, medical insurance, and etc.
Article 5 For the newly established national-level international science and technology cooperation base set up in our area, a one-time award of 1.5 million yuan will be given. The newly-identified municipal-level international science and technology cooperation base will be rewarded with 100% of the city-level award amount. Key projects recommended by the Liangjiang New Area and approved and supported by the National Science and Technology Innovation Project with a support fund of 1 million yuan (including 1 million yuan) or approved and supported by the Chongqing Science and Technology Innovation Project with a support Fund of 500,000 yuan (including 500,000 yuan), 100% and 50% of the funds will be subsidized by matching funds respectively. The matching funds for each project will not exceed 5 million yuan and 3 million yuan respectively.
Article 6 The newly introduced technology-based enterprises (or R&D institutions) lease the office and production base in the industrial buildings or industrial parks identified by the Liangjiang New Area for their own use, for the first 3 years from the registration year, the following support can be obtained: in the Liangjiang Industrial Development Zone, the standard for the actual payment of 50% of the annual rent is supported. In principle, each enterprise enjoys an annual supporting area of no more than 2,000 square meters (building area), the annual support quota does not exceed 1 million yuan; in other areas of Liangjiang New Area, it is supported by the standard of 20 yuan / month / square meter. In principle, each enterprise enjoys an annual support area of no more than 2,000 square meters (building area). If the actual payment of rent is lower than the support standard, it will be supported according to the actual payment quota.
Article 7 For the high-growth technology enterprises established by the newly introduced high-level talents, the equity investment fund led by the Liangjiang New Area may give a share of no more than 20% and the term shall not exceed “5+2” years.
Article 8 For technology-based small and medium-sized enterprises that use patent, trademark, copyright and other intellectual property pledge loan financing, they shall be compensated by financial institutions at a rate not exceeding 40% of the bad debt principal loss, up to a maximum of 2 million yuan. Discount interest subsidy will be given according to 50% of the benchmark interest rate announced by the PBOC during the same period, up to a maximum of 1 million yuan and no more than three years. For the guarantee or insurance company provides guarantee or insurance for the enterprise intellectual property pledge loan, the guarantee or insurance company shall be given a guarantee fee and insurance premium of not exceeding 2% of the loan amount as well as not exceeding 100,000 yuan for each unit.
Article 9 2 million yuan for enterprises that have been successfully listed on the New OTC Market; 5 million yuan for enterprises listed on domestic and overseas stock exchanges; 3 million yuan for enterprises to move into Liangjiang New Area after listing.
Tax-related expenses for the above mentioned rewards are borne by the company or individual.
These measures will be implemented from August 1, 2017 to December 31, 2020.
These measures are responsible for explanation by the Management Committee of Liangjiang New Area.