The New Administrative Measures for Certification of New and High Technology Enterprises has been Issued

The new Administrative Measures for Certification of New and High Technology Enterprises has been recently issued. Shanghai Dongjin is comparing it with the old one on the main points.

•  The verification requirement has been extended: the proportion for the technicians and researchers will be decreased 20%, from 30% to 10%;
• Decrease the requirement for researching fees for SMALL COMPANIES (turnover less than 50 millions), from 6% to 5%;
• The way for getting IPR via “the exclusive licensing” has been cancelled: it is to encourage the company to having its own technology;
• The application procedure has been simplified and the announcement requirement has been shortened to 10 working days;
• The changes of main supporting industry: the traditional industry for high-tech reformation has been deleted and the advanced manufacturing and automation has been added into the list’;
• Clarify the treatment for high-tech companies as well as the condition for cancellation its qualification;
• Strengthen the supervision on the high-tech companies: (1) the company should provide the annual EIT form for the latest three years; (2) the company should submit the annual reporting form for the last year before the end of April each year;

If you have any questions, please send the email to me.

Ms. Jojo Hu

TEL: 0086-21-68868335 ext 324 / FAX: 0086-21-68868021

Email: jojohu@shanghaiinvest.com