High-Tech Enterprises
Recognition of High-Tech Enterprises
According to the "Enterprise Income Tax Law of the People's Republic of China", High-Tech Enterprises are entities who continuously developing research and development and transformation of technological achievements in China's key high-tech fields and forming their own core intellectual property rights. Based on this, High-Tech Enterprises carry out production and business activities in China (excluding those in Hong Kong, Taiwan region) where PRC resident enterprises registered for more than one year
There are 3 major benefits for recognition of High-Tech Enterprises
1. Tax concessions under preferential tax policies
High-Tech Enterprises can enjoy preferential Corporate Tax Rate of 15% (reduced from 25%)
2. Increase corporate valuation
High-Tech Enterprises attract preferential policies and financial support from local governments and industry organizations. Further, High-Tech Enterprises are also attractive to venture capital institutions and financial institutions, so as to promote rapid scalability and commercialization
3. Enhancement of corporate image
Indicating the management team has a strong sense of innovation, a higher ability to market development and management level. Indicating that enterprises are China's key support for the growth of high-growth enterprises, with good potential economic benefits
The following are recognizable areas for High-Tech Enterprises:
1. Electronic information technology (software, integrated circuits)
2. Biology and new medical technology
3. Aerospace Technology
4. New material technology (nano-products, superconductors)
5. High-tech service industry (modern logistics)
6. New energy and energy-saving technologies (LED lights application, new energy vehicles)
7. Resources and Environment Technology (Sewage Treatment, Pollution Reduction, "Zero Emission")
8. Advanced manufacturing and automation (robotics)