Investment Incentives

Chongqing Investment Promotion Authorities and Incentives

Every region in China, including the Chongqing, has government run investment promotion authorities that promote trade and foreign investment in the Chongqing region. While the Ministry of Commerce of the People’s Republic of China (also known as MOFCOM) has authority for investment in greater China, it can be very helpful to reach out to similar agencies at the local and provincial levels as these organizations possess intimate local market knowledge. Many regional authorities will also offer additional incentives to foreign companies looking to invest in specific industries.

CHONGQING TAX ADVANTAGES

In addition to the Chongqing Investment Incentives outlined below, the Chinese National Government offers preferential land use policies and a 15 percent income tax rate for all industrial enterprises in Western China (Eastern China’s tax rate is 33 percent).

Type Agency Name & Link
National Ministry of Commerce of the People’s Republic of China (MOFCOM)
Private Chongqing Investment Promotion Association
City Chongqing Municipal Government
Chongqing Investment Incentives
Incentive Type Description
Establishment in Western Chongqing City The Chongqing Municipal Government offers tax subsidies for foreign enterprises in specified encouraged industries that establish a location in the developing regions of Western Chongqing.
Technology Transfer City The Chongqing Municipal Government offers business tax exemptions for foreign enterprises that engage in technology transfer.
Public Service and Infrastructure Enterprise City The Chongqing Municipal Government offers tax subsidies for enterprise in the communication, power supply, postal service, and broadcasting industries.
All Foreign Enterprise City As an incentive to promote foreign investment and create jobs, the municipal government offers tax subsidies for foreign enterprises that employ large numbers of laid-off workers. In addition, all foreign enterprises are exempt from city maintenance construction fees and extra education fees.
Western China Development National The Chinese National Government strongly encourages foreign enterprises to invest in Western China. They offer tax subsidies and other preferential policies to enterprises with newly established transportation/water conservancy/broadcast television projects, mining enterprises, banking enterprise, commercial retail enterprises, Sino-foreign trade companies, investors in RMB financial business, insurance enterprise, Sino-foreign travel agencies, accounting firms, legal firms, enterprises engaged in commercial projects and enterprises engaged in infrastructure and competitive industry projects.
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