Preferential Policies

Qingdao city's 10 investment policies to optimize the service environment for foreign enterprises

1. Build a "green channel" to provide convenient and efficient service for foreign-owned enterprises 

Build a professional service platform and network covering the city of Qingdao under the guidance of the localization management principle

2. Simplify procedures for handling social insurance for foreign-owned enterprises 

Collect pension, medical treatment, work-related injury, unemployment and maternity insurance simultaneously

3. Standardize the administration of foreign-owned enterprises

Establish a ban on charging or collecting illegal, prohibited, or clearly excessive administrative fees

4. Standardize the supervision of foreign-owned enterprises 

Establish a principle under which a foreign-owned company should not be inspected more than once a year

5. Provide financial support for foreign-owned enterprises

Facilitate overseas loan revaluation processes with international cooperation mechanisms

6. Assist in application for foreigner residence permits in Qingdao 

Help foreign staff apply for residence permits in Qingdao with extended durations of stay and simplify visa renewal procedures 

7. Improve living environment for employees of foreign-owned corporations 

Improve the physical environment for foreign employees including senior executives and technical staff 

8. Build a dynamic early warning mechanism for foreign-owned enterprises 

Enhance personal protection and security checks for foreign entrepreneurs 

9. Provide support for capital development of foreign-owned enterprises

Qingdao will encourage capital development of foreign corporations by means of profit reinvestment. It will also speed up separation of manufacturing enterprises to promote the service industry. The local government will subsidize enterprises that take the lead in introducing external facilities and accelerating growth in the service sector.

10. Promote publicity of government policies for foreign-owned enterprises

Keep foreign-owned enterprises informed of up-to-date central and local government policies