Q&A on Office Rent Subsidies in Qianhai China-Company Formation_Trademark Registration_Tax Service - Hong Kong CPA

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Q&A on Office Rent Subsidies in Qianhai China

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How much rent subsidies can be applied for?

According to the Measures of the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone Relating to Office Rent Subsidies for Promoting the Return of Enterprises, qualified enterprises that have actually rented an office in the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone (hereinafter referred to as Qianhai) may apply for rent subsidies from Qianhai authority during the period from 1January 2019 to 31 February 2023.The rental subsidy criteria are as follows:

	Lease Commence from 2019		Lease Commence from 2020
	Yearly Subsidy Rate	Subsidy Limit (RMB)	Yearly Subsidy Rate	Subsidy Limit (RMB)
Key Subsidy	50%	5 million	40%	4 million
Special Subsidy	50%	5 million	40%	4 million
Common Subsidy	30%	3 million	20%	2 million

Who can apply for common subsidy?

The common subsidy is available to the lessee that meets the following basic conditions:
An enterprise or social organization established in accordance with the law and shall not be included in the list of abnormal operations.
Is registered, operating and paying tax in Qianhai.
The business scope is in line with Qianhai industry access catalogue.
The lease term shall not be less than 3 years.
The size of the leased office shall not be less than 150 square meters.

Who can apply for key subsidy?

The key subsidy is available to the lessee that meets the basic conditions for common subsidy and any of the following conditions:

1.	A headquarter enterprise recognized by the Qianhai Authority.
2.	A headquarter enterprise or financial headquarter enterprise recognized by Shenzhen municipality.
3.	A financial enterprise established with the approval of the State and their first-level branches.
4.	An enterprise listed in Shanghai Stock Exchange, Shenzhen Stock Exchange or overseas stock exchanges in Hong Kong, New York, London, Tokyo, Singapore, Nasdaq, and so on (excluding small capital markets and over-the-counter trading) and its first-level or second-level subsidiaries in which it holds more than 50% of the shares.
5.	World top 500, China top 500 and its first-level or second-level subsidiaries in which it holds more than 50% of the shares.
6.	A unicorn enterprise and its first-level or second-level subsidiaries in which it holds more than 50% of the shares.
7.	A national e-commerce model enterprise or its first-level or second-level subsidiaries in which it holds more than 50% of the shares.
8.	An enterprise whose direct economic contribution in Qianhai for the previous year is no less than RMB10 million.

Who can apply for special subsidy?

The special subsidy is available to the lessee whose 50% or more shares are held by Hong Kong investors and meets the basic conditions for common subsidy and any of the following conditions:

1.	Set up by nature persons or legal persons holding Certificate of Hong Kong Service Supplier.
2.	One of the shareholders shall be a legal person registered and paying tax in Hong Kong legally or enjoying a statutory tax exemption with more than 3 years’ operation period.
3.	One of the shareholders shall be a permanent resident in Hong Kong and the operation period of the enterprise registered in Qianhai shall be no less than 1 year.

What kind of office is not eligible for rent subsidies?

Rent subsidies are not available to the following office premises:

1.	Business apartments.
2.	Premises with the usage of commercial use.
3.	Premises owned by the government or Qianhai authority.

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