Calling all MNC headquarters to Shanghai
May 04, 2017 | BY
falconadminThe updated regulations for establishing regional headquarters in Shanghai offer multinational companies greater clarity on eligibility, approval processes and specific advantages
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The Shanghai government has released a refined set of rules to entice multinational companies (MNCs) to set up regional headquarters in China's largest financial hub.
On January 27, 2017, the Shanghai municipal government promulgated the Provisions on Encouraging the Establishment of Regional Headquarters by Multinational Corporations (Provisions), which polish the criteria for recognition and preferential policies of regional headquarters of MNCs in the city. Having come into effect on February 1, the Provisions are expected to further optimize the foreign investment environment in Shanghai and boost its status as an international metropolis.