Implementation Measures of the Guangzhou Huangpu District and Guangzhou Development District to support Hong Kong and Macao youths in innovation and entrepreneurship (Sui Bu Fu Gui [2019] No.11)

03 July 2019

The Administrative Committee of the Guangzhou Huangpu District and Guangzhou Development District published the “Implementation Measures of the Guangzhou Huangpu District and Guangzhou Development District to support Hong Kong and Macao youths in innovation and entrepreneurship” (“the Measures”) on 3 July 2019. Eligible Hong Kong and Macao youths may enjoy talent benefits such as employment, transportation and housing. The Measures are effective from 1 July 2019 and valid for 3 years.

Abstract

The Administrative Committee of the Guangzhou Huangpu District and Guangzhou Development District published the “Implementation Measures of the Guangzhou Huangpu District and Guangzhou Development District to support Hong Kong and Macao youths in innovation and entrepreneurship” (“the Measures”) on 3 July 2019.

Eligible Hong Kong and Macao youths, aged between 18-45, may enjoy talent benefits such as employment, transportation and housing.

The specific measures include the following:

• Each start-up project of Hong Kong and Macao youths that has received subsidies from the Hong Kong Youth Development Fund, the Innovation and Technology Support Programme, etc. and is located in the Guangzhou Huangpu District or Guangzhou Development District may receive subsidy benefits of up to RMB1,000,000;
• Each start-up project of Hong Kong and Macao youths that has participated in and won awards in qualified innovation and entrepreneurship competitions and is located in the Guangzhou Huangpu District or Guangzhou Development District may be granted start-up subsidy benefits of up to RMB200,000;
• Each eligible enterprise that has purchased technological achievements from innovative teams with Hong Kong and Macao youths as the core members may receive a subsidy of up to RMB10,000,000 per year;
• At least 300 internship positions in government departments or business units will be selected each year to provide internship opportunities to Hong Kong and Macao college students, each of whom will also be granted an internship subsidy of RMB3,000 per month, and be given free accommodation;
• Hong Kong and Macao high-end talents and talents in shortage who are working in the Guangzhou Huangpu District or Guangzhou Development District may be granted financial subsidies equal to the amount of the PRC Individual Income Tax paid in excess of 15% of his or her taxable income. The subsidies are exempted from Individual Income Tax.
• Hong Kong and Macao graduates who are within 5 years of their graduation, have signed employment contracts for a term of 2 years or more with enterprises or institutions within the Guangzhou Huangpu District or Guangzhou Development District and have actually worked for one year, may be granted subsidy benefits of up to RMB50,000; and
• Fostering a creative living community of Hong Kong and Macao youths; providing eligible talents of Hong Kong and Macao with housing and rental subsidies.

The Measures are effective from 1 July 2019 and valid for 3 years.