Xiamen is determined to increase foreign
investment, according to a policy recently issued by the Xiamen
Municipal Bureau of Commerce.
Measures to Attract Foreign Investment in Xiamen is the first policy of its kind implemented by the coastal city.
The foreign investment policy contains
12 measures aimed at achieving four goals: increasing investment fields,
promoting foreign capital growth, attracting talents, and optimizing
the business climate.
Encourage mergers and acquisitions by qualified foreign companies
In recent years, many high-quality
foreign companies have taken over local Xiamen enterprises, which has
helped develop Xiamen's industries. For example, Nestle, a Swiss
company, acquired the food company Xiamen Yinlu.
According to the policy, from 2018 to
2022, newly-built foreign-funded enterprises with an annual utilized
foreign capital of $10 million and above will be awarded two percent of
the annual utilized foreign capital, up to a maximum of 20 million yuan
Encourage local overseas listed enterprises to invest in Xiamen
Many enterprises based in Xiamen have
been successfully listed overseas over the past few years, such as Meitu
Inc, a mobile Internet company, and Qudian, a fintech firm.
The policy states that local overseas
listed enterprises with at least a financing volume of 50 million yuan
will be awarded 250,000 - 1.5 million yuan if they invest in Xiamen.
According to the newly-released policy,
employees at Xiamen's foreign-funded enterprises with an annual utilized
foreign capital of $10 million and above that invest in the city's key
projects will enjoy the following benefits from 2018 to 2022.
Employees who pay an individual income
tax of 50,000 yuan and above per year and have no Xiamen household
registristration are allowed to purchase two commercial houses in
Xiamen, not limited by the number of years of social security payments.
Employees who work in these enterprises
for three years, have paid for pension funds, and will continue a labour
contract with the enterprises will qualify for permanent residency in