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Online CBA: What Kind of Incentives Does Dongguan City Provide to Support Innotech Start-ups from Hong Kong, Macau and Taiwan?

Photo: Innotech start-ups
Photo: Innotech start-ups

Q: What kind of incentives does Dongguan city provide to support innotech start-ups from Hong Kong, Macau and Taiwan?

A: Under Dongguan city’s action plan to nurture innotech start-ups from Hong Kong, Macau and Taiwan (2016-2020), qualified companies may benefit from the following incentive measures:

  1. Start-up capital
    Innotech start-up talents from Hong Kong, Macau and Taiwan who move into the “demonstrative incubation base” in Dongguan may be nominated for recognition under the “Pearl River talent scheme” of Guangdong province. As well, innotech research teams, as well as persons who play a leading role in innovation projects and start-ups, may benefit from the supportive policies of Dongguan city (including its industrial parks) which cover such areas as technology, industry, finance and talent nurturing. Innotech start-up talents from Hong Kong, Macau and Taiwan who participate and win in competitions organised by the technology authority of city level or above may receive a start-up capital of not more than RMB300,000. However, specific details of these innovation and entrepreneurship competitions may vary from year to year and the most up-to-date ones shall prevail.
  2. Office space for start-ups
    Innotech start-up talents from Hong Kong, Macau and Taiwan who set up companies in the demonstrative incubation base may receive a maximum of two years’ rental subsidies covering an actual rented space of up to 200 sq metres.
  3. Industry and commerce registration
    Innotech start-up talents from Hong Kong, Macau and Taiwan who set up companies in Dongguan may benefit from streamlined foreign investment examination and approval procedures, new business registration policies and are eligible for using fast-track services.
  4. Training and participation in trade fairs
    Specialised training institutions will provide free lessons on skills training and company management to those innotech start-up talents from Hong Kong, Macau and Taiwan who set up companies or carry out projects in Dongguan. Parties who participate in training courses organised by authorities of city level or above may, upon verification, receive a subsidy equivalent to 20% of the training cost. The total amount of subsidies received should not exceed RMB50,000 per year. Parties who participate in renowned domestic or overseas fairs organised by authorities of city level or above may receive a subsidy equivalent to 20% of the participation fee. The total amount of subsidies received should not exceed RMB50,000 per year.

 

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Content provided by Picture: HKTDC Research