Why upgrading your Shanghai office could pay off

The Shanghai Municipal Government has released Opinions encouraging multinationals to set up regional headquarters there, but will this cause tension with Beijing, which is expected to respond with a counter offer

4 minute readSeptember 29, 2012 at 12:58 AM

clpstaff

& clp articles

The Municipal Government issued the Implementing Opinions on the «Shanghai Municipality, Provisions on Encouraging the Establishment of Regional Headquarters by Multinational Corporations» (上海市《上海市鼓励跨国公司设立地区总部的规定》实施意见) on August 8 2012.

The Opinions allow regional headquarters to obtain subsidies of up to Rmb8 million ($1,270,000) for establishing or upgrading

A Subscription is Required to Access this Content

Subscribe to China Law & Practice today for:

✓ A database of 3000+ essential documents, including key PRC laws translated into English
✓ Newsletters with business-critical and sector-specific updates
✓ Premium mobile access with timely analysis on China's fast-changing market

Already a Subscriber? Log In. Sign In Now

Questions? Contact us at [email protected] | 1-855-808-4530 (Americas) | 44(0) 800 098 386009 (UK & Europe)