- China.org.cn, enghunan.gov.cn, April 21, 2015
Preferential Policies for Setting up Regional Headquarters in Hunan
Hunan encourages multinational corporations to set up their regional headquarters in the province. In accordance with the Measures for Encouraging Multinational Corporations to Set up Their Headquarters in Hunan, a guiding document issued by the provincial government in August 2014, multinational corporations that move their headquarters to Hunan will enjoy a series of preferential policies in land use, financial support, taxation and talent recruitment.
According to the abovementioned policy, the headquarters of multinational corporations settling in Hunan will be given priority in annual land supply and will enjoy special support in selecting project locations, compliance reviews, land use analysis and approval, and land requisition and relocation.
Those multinational corporations that set up research and development centers in Hunan and engage in technology development and technology transfer in the province or provide technology consultation and technology services will be exempt from value added tax. They also qualify for a pretax additional deduction policy for enterprises' research and development expenses.
Senior executives from multinational corporations' regional headquarters in Hunan and their family members will have access to personalized and convenient services related to residence, entry and exit, settlement, subsidies, medical care, insurance and education for their children.