Interim Measures for the Support and Incentives for the Development of the Smart Device Industry in Fangchenggang City
2023-01-05 00:00

 I. Support for Enterprises Purchasing Factory Space. Enterprises that purchase standardized factory space in our city’s Smart Terminal Industrial Park in accordance with their needs will be granted such space at cost price.

  II. Encouraging Enterprises to Lease Factory Space. Legal entities that manufacture and sell products in Fangchenggang City and have annual operating revenues of 50 million yuan or more will be eligible for corresponding rent subsidies when leasing standard factory space in our city (subleasing is not permitted). From 2022 to 2024, subsidies will cover 100% of the rent; in 2025, subsidies will cover 50% of the rent. After the subsidy period expires, rent shall not exceed the prevailing market rate for the same period and area. 

  III. Relocation and Renovation Subsidies. Enterprises relocating from outside the city that lease standard factory buildings in the industrial park will receive a subsidy of 1 million yuan if their annual revenue is between 100 million and 500 million yuan; 1.5 million yuan if between 500 million and 1 billion yuan; and 2 million yuan if 1 billion yuan or more. The relocation incentive will be paid as a one-time lump sum after the enterprise has been in operation for one full year.

  IV. Equipment Purchase Incentives. Support will be provided through incentive-based subsidies for brand-new core equipment purchased by enterprises entering the park.For equipment purchases under 100 million yuan, a reward of 3% of the actual equipment cost will be granted; for equipment purchases of 100 million yuan or more, a reward of 2% of the actual equipment cost will be granted. The maximum reward shall not exceed 10 million yuan. The equipment purchase reward will be disbursed in three stages—equipment arrival at the factory, completion of installation, and formal commencement of production—at a ratio of 30%, 30%, and 40%, respectively. When applying for the reward, enterprises must provide a special VAT invoice issued by the original equipment manufacturer or an authorized dealer.

  V. Accelerate the Promotion and Application of Smart Terminal Products. Actively explore government-enterprise cooperation models and encourage the promotion and application of smart terminal products in Fangchenggang’s industrial production, agricultural plant protection, education and training, social management, and public safety sectors.

  VI. Support Enterprises in Expanding Markets and Increasing Market Share. Enterprises participating in domestic and international market expansion activities organized by the national, autonomous region, or Fangchenggang municipal governments will receive a subsidy covering 60% of booth fees. For newly registered international trademarks, financial support of up to 5,000 RMB per trademark will be provided. Enterprises that obtain more than 30 new ordinary trademark registrations annually will receive financial support of up to 100,000 RMB.

  VII. Support for Relevant Tax Incentives. For newly established enterprises that have settled in Fangchenggang City and are recognized as high-tech enterprises or meet the criteria for corporate income tax incentives under the Western Development Strategy, the portion of corporate income tax retained by Fangchenggang City and its counties (districts, cities) will be exempted from the date of obtaining the first main business revenue until December 31, 2025.

  VIII. Encouraging Smart Terminal Enterprises to Go Public. For enterprises registered and established in Fangchenggang City that engage in the production and R&D of smart terminal devices and conduct an initial public offering (IPO) on the Shanghai or Shenzhen Stock Exchanges, a cumulative reward of 11 million RMB will be granted based on the completion of three stages: filing for IPO guidance, acceptance of the application, and issuance of shares. Enterprises that successfully list on the “New Third Board” will receive a reward of up to 2 million RMB. Enterprises listing on the Beijing Stock Exchange will receive a reward of 1 million RMB.Enterprises receiving financial rewards must maintain continuous operations and tax payments in Fangchenggang City for no less than 10 years starting from the year the incentive is received; otherwise, the full amount of the reward must be refunded.


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