Guangdong relaxes the access threshold for regional headquarters of multinational corporations

Financial Associated Press, September 23 - the Guangdong Provincial Department of Commerce recently issued the measures of Guangdong Province to encourage multinational corporations to set up regional headquarters (Revised Version). Chen Yuehua, deputy director of the Guangdong Provincial Department of Commerce, said that the new measures took optimizing the identification standards of regional headquarters of multinational corporations as the primary consideration and further relaxed the access threshold. For example, the total assets of the parent company of regional headquarters are relaxed to USD 200 million, and the total assets of the parent company of headquarters institutions are set to USD 100 million; Cancel the requirements for the number of paid in registered capital and managed enterprises; Cancel the restriction that the headquarters must be a sole proprietorship. It is reported that Guangdong will provide substantive support to the regional headquarters of multinational corporations in terms of special financial fund support and scientific and technological R & D. Including: for the recognized regional headquarters of multinational corporations with an annual actual foreign investment amount of more than US $10 million, the provincial finance will give a reward of 2% of the actual foreign investment amount of the current year, and the maximum reward shall not exceed RMB 100 million; If the contribution to the provincial financial year exceeds 100 million yuan for the first time, the provincial finance will give a one-time reward according to 30% of its contribution to the provincial financial year.