Recently, the Support Measures for the Development of Macao-Funded Enterprises in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin was officially released and implemented, which shall remain valid until 31 December 2025.
According to the above Measures, the Guangdong Macao Deep Cooperation Zone in Hengqin (hereinafter referred to as the "Cooperation Zone") will provide comprehensive support for the development of eligible Macao-funded enterprises in the Cooperation Zone, and the relevant support measures mainly include:
Rent Subsidies
Macao-funded enterprises that rent office or commercial properties in the Cooperation Zone with a lease agreement of no less than three years may be granted rent subsidies with reference to the evaluated price provided by third-party institutions. The rent subsidy is based on a maximum of 70% of the evaluated rental and shall not exceed RMB70 per square meter per month. Each enterprise can be subsidized for an area of up to 1,000 square meters and for a maximum period of 36 consecutive months.
Renovation Subsidies
Macao-funded enterprises that use commercial properties for commercial activities in the Cooperation Zone may be granted a renovation subsidy equivalent to 70% of the renovation expenditure and no higher than RMB1,000 per square meter to a maximum of RMB1 million per enterprise.
Brand Settlement Rewards
“Macao Classic Brand” may be rewarded a one-off settlement reward of RMB300,000 after at least one year of actual operation since the opening of their first shop in the Cooperation Zone; “Macao Distinctive Shops” and Macao enterprises selected by “Macao Ideas” may be rewarded a one-off settlement reward of RMB150,000 after at least one year of actual operation since the opening of their first shop in the Cooperation Zone.
Operation Rewards
Above-scale Macao-funded enterprises newly included in the Online Statistics Reporting Platform after the Measures came into effect may be rewarded a one-off reward of RMB600,000 in the same year of the inclusion; those whose revenue grows by 50% or more year-on-year in the following year of the inclusion may be rewarded RMB300,000; those whose year-on-year increase in revenue reaches 50% or higher in the third year may be rewarded RMB300,000; each enterprise shall be rewarded a maximum of RMB1.2 million in total.
R&D Subsidies
Macao-funded enterprises with de facto operational and R&D activities in the Cooperation Zone may be granted R&D subsidies when their annual R&D expenditure exceeds RMB500,000 after verification. The subsidy is equivalent to 10% of the verified R&D expenditure in the previous year, and the cumulative subsidy granted for each enterprise shall not exceed RMB5 million per year.
Conference and Exhibition Subsidies
Macao-funded enterprises may be granted subsidy equivalent to 90% of the booth fee when they participate in international conferences and exhibitions organized or initiated by the Cooperation Zone or professional conferences and exhibitions held by the national government, Guangdong provincial government, Zhuhai municipal government, Macao SAR Government or other local authorities. The cumulative subsidy granted for each enterprise shall not exceed RMB150,000 per year.
KAIZEN Group is equipped with experienced and highly qualified professional consultants and is therefore well positioned to provide professional advices and services in respect of the formation and registration of company, application for various business licences and permits, company compliance, tax planning, audit and accounting in China. Please call and talk to our professional consultants for details.
