Nansha rolls out new incentives to boost foreign investment

An aerial photo of Nansha district. [Photo/WeChat account: gz_nanshafabu]

Nansha district, Guangzhou, South China's Guangdong province, has recently rolled out three measures to stabilize foreign investment, with an accumulative fund of up to 100 million yuan ($13.6 million), creating a more favorable business environment for foreign companies in the district.

Foreign-funded enterprises that meet a certain annual investment threshold in Nansha will be eligible for generous rewards, determined by industrial type and investment scale. Manufacturing enterprises can enjoy higher rewards, with a maximum annual reward of 50 million yuan per enterprise.

Foreign-funded multinational companies recognized by provincial authorities as headquarters enterprises will be offered rewards based on the amount of their actual foreign investment, with a maximum annual reward of 50 million yuan per enterprise.

Foreign-invested enterprises with actual investment reaching a certain amount will be offered rental subsidies based on the size of the space they lease. Each enterprise can receive a maximum subsidy of 3 million yuan annually.

These measures will be in place for three years, and specific application guidelines will be released through the official platform of the Nansha district government. Companies are encouraged to stay abreast of policy trends to ensure strong development.