Issued by:    China (Shanghai) Pilot Free Trade Zone Lin-Gang Special Area Administration Committee
Issue No.:    Lin-Gang Special Area Administration Committee [2024] No.12
Release Date: November 17, 2024
Effective Date: From December 18, 2024 to October 31, 2027
Links: https://www.lingang.gov.cn/html/website/lg/index/government/file/1858691649747677185.html

In order to promote the development of the headquarters economy, the Administration Committee of Ling-Gang Special Area has revised the supporting policies for the headquarters in the area on the basis of the 2023 edition. The main content is as follows:

1. The support objects are all kinds of headquarters recognized by relevant departments in Shanghai, including: 1) innovative headquarters recognized by the Leading Office of Shanghai Strategic Emerging Industries; 2) regional headquarters of multinational companies, foreign-funded research and development centers, trade-oriented headquarters, and headquarters of private enterprises recognized by Shanghai Municipal Commission of Commerce; and 3) corporate headquarters and functional headquarters recognized by the Administration Committee of Lin-Gang Special Area. 

2. Supporting policies: headquarters that meet the conditions are eligible for a reward of up to RMB 30 million; headquarters that achieve upgrades are eligible for a reward of up to RMB 6 million (consistent with the 2023 version of the policies).

3. The incentives for core personnel of headquarters have been cancelled.

4. The office rental subsidies for headquarters operating within the Lin-Gang Special Area has been cancelled.

5. The requirements on annual reports and reports on major changes of corporate headquarters and functional headquarters have been cancelled. Whether to report major changes on time no longer affects the qualification for recognition as a corporate headquarter or a functional headquarter.