Every province in China, including Jiangsu, has government run investment promotion authorities that promote trade and foreign investment in the Jiangsu 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.
|Type||Agency Name & Link|
|National||Ministry of Commerce of the People’s Republic of China (MOFCOM)|
|Provincial||Jiangsu Department of Foreign Trade and Economic Cooperation|
|Provincial||Department of Commerce of Jiangsu Province|
|Municipal||Wuxi Board of Foreign Trade and Economic Cooperation|
|Municipal||Nanjing Municipal Government – Investment Promotion Platform|
|Municipal||Suzhou People’s Government|
|Jiangsu Investment Incentives|
|Export-Oriented Enterprises||State||The provincial government offers significant subsidies for foreign, product-exporting enterprises.|
|Strategically Located Enterprises||State||The provincial government offers significant subsidies for production enterprises, energy industries, communications enterprises, harbor or wharf building enterprises, or any other encouraged enterprises that establish locations within Special Economic Zones, Economic and Technological Development Zones, Coastal Economic Open Zones, or old urban areas of cities where Special Economic Zones are located.|
|Production Enterprises||State||The provincial government offers significant tax rebates for foreign production enterprises.|
|Enterprises that Reinvest Profits||State||The provincial government offers tax subsidies and rebates on reinvested profits.|
|Enterprises in Economically Undeveloped Areas||State||The provincial government offers tax rebates for agriculture, forestry, and animal husbandry enterprises that invest in remote or undeveloped areas.|
|Research & Development Enterprises||State||As an incentive to establish high tech industries, the provincial government offers income tax exemptions on royalties from R&D, communications development, and scientific research.|
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.
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