530 Plan
The Implementation Scheme of "530" Plan in 2009 (IX-X)
Release time:2012-04-18 Browse:
 

IX Contract Signing

After negotiations are finished, the governments (or the management committees of development zones) of the city, county or district will sign contracts with the returned overseas talents, whose Class-A projects are finally approved, and whom the governments have made agreements with in negotiations. Wuxi Municipal Government will witness the signing ceremonies, and the rights, obligations and relevant responsibilities of both parties will be clarified in the contracts. As to Class-B and C projects, their signing ceremonies will be witnessed by the government of the county or district they are to settle down in. Before November 30 of 2009, the registration of companies (or enterprises) of Class-A, B or C projects is supposed to be finished.

X Supporting Policies

1. Class-A Project

1) Within one month after a venture investment corporation (or company) registers, the advanced returned overseas talents of it will be provided with a start-up fund of 1 million yuan (for each venture investment project) by Wuxi Municipal Government, while governments of the county or district where the venture investment corporation (or company) settle down are responsible to provide it with a working place and a living area, both of which should be no less than 100 square meters and are rent free for 3 years.

2) After examination and approval, enterprises that engage in scientific and technological development projects will be provided with an investment of at least 1.5 million yuan by the high-tech venture funds of the city, county or district.

3) Enterprises that encounter difficulties in the industrialization process of high-tech products that meet the needs of the market will be provided with at least 3-million-yuan financial support.

4) As to enterprises that invest with technological achievements, their technological achievements can be converted into shares at a rate of no less than 30% of the registered capital.

5) Wuxi Municipal Government has meanwhile published preferential policies for the children of introduced overseas high-level talents to be enrolled in kindergartens or schools, and for the families of introduced overseas high-level talents to settle down in Wuxi.

2. Class-B Project

1) Within one month after a venture investment corporation (or company) registered, the advanced returned overseas talents of it will be provided with a start-up fund of 600,000 yuan (for each venture investment project) by Wuxi Municipal Government, while governments of the county or district where the venture investment corporation (or company) settle down are responsible to provide it with a working place and a living area, both of which should be no less than 100 square meters and are rent free for 3 years.

2) After examination and approval, enterprises that engage in scientific and technological development projects will be provided with an investment of at least 1.5 million yuan by the high-tech venture funds of the city, county or district.

3) As to enterprises that invest with technological achievements, their technological achievements can be converted into shares at a rate of no less than 30% of the registered capital.

4) Wuxi Municipal Government has meanwhile published preferential policies for the children of introduced overseas high-level talents to be enrolled in kindergartens or schools, and for the families of introduced overseas high-level talents to settle down in Wuxi.

3. Class-C Project

1) Within one month after a venture investment corporation (or company) registered, the advanced returned overseas talents of it will be provided with a start-up fund of 400,000 yuan (for each venture investment project) by Wuxi Municipal Government, while governments of the county or district where the venture investment corporation (or company) settle down are responsible to provide it with a working place and a living area, both of which should be no less than 100 square meters and are rent free for 3 years.

2) After examination and approval, enterprises that engage in scientific and technological development projects will be provided with an investment of at least 1.5 million yuan by the high-tech venture fund of the city, county or district.

3) As to enterprises that invest with technological achievements, their technological achievements can be converted into shares at a rate of no less than 30% of the registered capital.

4) Wuxi Municipal Government has meanwhile published preferential policies for the children of introduced overseas high-level talents to be enrolled in kindergartens or schools, and for the family of introduced overseas high-level talents to settle down in Wuxi.

 

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