Trade & Investment

Xiamen issues supportive policies for service outsourcing firms

Updated: 2014-03-27
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To accelerate the development of the local service outsourcing industry, the Xiamen Municipal Bureau of Finance and the Bureau of Commerce jointly issued several new supportive and targeted policies for the service outsourcing firms in the city recently.
 
Those service outsourcing companies from Fortune 500 and Global Outsourcing 100 listed by the International Association of Outsourcing Providers, who set up its branch in Xiamen for the first time and with a registered capital of more than RMB20 million, will have priority to enjoy preferential policies one year after their establishment.

In addition, those newly-established service outsourcing firms in Xiamen will get a reward fund of RMB 200,000 provided that their business of off-shore outsourcing reaches a certain scale.

Local firms in Xiamen who own a reasonable sized business of off-shore outsourcing will be given a reward fund of no more than RMB 5 million based on the incremental parts of their business.

Xiamen government department also explicitly offers supports for the first time to boost the city’s onshore outsourcing business. Local companies and sectors who develop onshore outsourcing business will receive a reward fund of no more than RMB 500,000 based on their annual sales.

What’s more, the service outsourcing enterpriseses in Xiamen, who establish overseas branch offices to develop local market, can enjoy a one-off extra grant of RMB100, 000.
        
SOURCE: WOX Team
              
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