Every region in China, including Hubei, has government run investment promotion authorities that promote trade and foreign investment in that 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.
Important Note: Many incentives must be repaid at the provincial and/or city level in the event that the company leaves the region. National incentives are not typically subject to these restrictions.
|Type||Agency Name & Link|
|National||Ministry of Commerce of the People’s Republic of China (MOFCOM)|
|Provincial||Department of Commerce of Hubei Province|
|Private||Wuhan Investment Promotion Bureau|
|Municipal||Wuhan Municipal Government|
|Provincial||Hubei Investment Information Platform|
|Hubei Investment Incentives|
|Export-Oriented Enterprise||City||As an incentive to attract foreign investment, the Wuhan Municipal Government offers significant tax subsidies for export oriented enterprises.|
|High Tech Enterprise||City||The Wuhan Municipal Government offers tax subsidies for software enterprises, integrated circuits enterprises, enterprises engaged in scientific and technological R&D, enterprises with total value over USD 30 Million, enterprises that invest in Wuhan’s development zones, and enterprises that reinvest profit.|
|Large Enterprise||City||As an incentive to attract large-scale foreign investment, the Wuhan Municipal Government offers preferential land and real estate pricing for approved projects.|
|Financial Enterprise||City||As an incentive to attract financial investment, the municipal government offers tax subsidies on loans from foreign financial enterprises.|
|Infrastructure-Oriented Enterprise||City||The Wuhan Municipal Government offers tax subsidies and other preferential policies for infrastructure construction and port construction projects.|
|Sino-Foreign Joint Ventures||City||The municipal government offers tax subsidies for Sino-Foreign Joint Ventures involved energy, transportation, infrastructure, and integrated circuits industries.|
|Productive Enterprise||City||The Wuhan Municipal Government offers base tax subsidies for all manufacturing enterprises and additional subsidies for the following enterprises: Agriculture, animal husbandry, forestry, and high tech manufacturing enterprises.|
|Import of Specified Products||City||The Wuhan Municipal Government offers tax subsidies on all imports from Hong Kong SAR and on the import of eleven special products including: cigarettes, wine, makeup, skin/hair protection products, jewelry, firecrackers, gasoline/diesel fuel, auto tires, and motorcycles/automobiles.|
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