Notice on Encouraging Operation Center’s Development in Waigaoqiao Bonded Zone
Administrative functional Departments, corporations and companies in Waigaoqiao Bonded Zone,
The purpose of issuing this notice is, according to the actual situations of Waigaoqiao Bonded Zone, to promote further economic development in this area, and to support companies to integrate resources in order to enhance their competitiveness.
1 Operation centers in this notice refers to:
1.1 companies with independent qualification of artificial person;
1.2 companies with registered capital of over 1,000,000 USD dollars (including 1,000,000 USD dollars) or 8,000,000 RMB (including 8,000,000 RMB);
1.3 headquarters with total capital of over 400,000,000 USD dollars (including 400,000,000 USD dollars) or 3,200,000,000 RMB (including 3,200,000,000 RMB);
1.4 companies with takings (sales revenue) in the applying year or the year before over 1,500,000,000 RMB (including 1,500,000,000 RMB), and with a total amount of 10,000,000 RMB (including 10,000,000 RMB) paid to Administration for Industry and Commerce and Tax Bureau;
1.5 companies with authorization from headquarters’ board of directors to take charge of goods distribution and relevant business in but not limited to China.
1.6 companies carrying out operations in registered area in Bonded Zone with a property area of over 100 m2 (including 100 m2) by means of purchase or tenancy.
2 Encouraging operation center to carry out, by laws and regulations, deals, managerial activities and services as follows:
2.1 goods distribution, exportation and importation, as well as other relevant business;
2.2 storage and carrying trade;
2.3 marking services, products maintaining, examining, and displaying, technology consultant, after service, and other relevant services such as simple commercial processing;
2.4 other deals, managerial activities and services allowed by laws and regulations.
3 Advice on Waigaoqiao Bonded Zone’s Financial Support for the Economic Development During "11th Five-Year Plan" Period is applied to the rewarding of senior management staffs in operation centers.
Senior management staffs refer to senior personnel directly involved in a company’s operation and management, which generally include a company’s General Manager, Vice General Manager (or President, Vice President) and major department directors, while board directors and managerial personnel from superior company are excluded. One continuous year in senior position is a must before these personnel apply for rewards.
The number of senior managerial personnel shall not be more than 10. And the number will be recalculated if there are changes.
4 Committee of Shanghai Waigaoqiao Bonded Zone is in charge of implementing and interpreting the details of encouraging operation center’s development. Other administrative functional departments shall, in their respective areas of responsibility, do a better job in serving operation centers.
Committee of Shanghai Waigaoqiao Bonded Zone
19 May, 2006