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Incentives for Setting Up Regional Headquarters in China |
September 25, 2009
Previously published on September 2009
On May 21, 2009, the Beijing Municipal Government issued certain measures to encourage multinational companies to set up regional headquarters in Beijing. Subsequently, the Beijing government issued the implementation rules for those measures on June 24, 2009. Replacing previous regulations on the same subject, the new regulations have reduced the capital requirements for setting up regional headquarters ("RHQ") in Beijing, expanded the permitted business scope of RHQ, and offered various financial incentives to RHQ in Beijing. The purpose of these local regulations is to attract multinational companies to set up new RHQs in Beijing or move their existing RHQs to Beijing and therefore boost the local economy.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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