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. Kaizen hereby summarizes the said policy as follows for your easy reference.

1. Who can apply for the office rent subsidies?
   
   Office rent subsidies are available to the lessee and property owner. The lessee shall meet the following basic conditions:
   
   

   (1)	An enterprise or social organization established in accordance with the law and shall not be included in the list of abnormal operations.
   (2)	Is registered, operating and paying tax in Qianhai.
   (3)	The business scope is in line with Qianhai industry access catalogue.
   (4)	The lease term shall not be less than 3 years.
   (5)	The size of the leased office shall not be less than 150 square meters (not less than 100 square meters for special subsidy).

   
   The office premises refer to the properties located in Qianhai that have completed construction, project acceptance and filing. The usage of the premises shall be for office use.
   
   
2. How much rent subsidies can the lessee apply for?
   
   The rental subsidy criteria for the lessee 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

   
   The lessee shall be eligible for common subsidy if it meets the basic conditions for rent subsidies.
   
   The lessee shall be eligible for key subsidy if it meets the basic conditions for rent subsidies 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.

   
   The lessee shall be eligible for special subsidy if its 50% or more shares are held by Hong Kong investors and it meets the basic conditions for rent subsidies 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.

   
   
3. 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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