05 December 2023
The Human Resources and Social Security Bureau of Nansha District of the Guangzhou Municipality (“the authorities”) issued the “Notice in relation to Administrative Measures for Entrepreneurship Bases (Demonstration) in Guangzhou Municipal Nansha District” (“the Notice”) on 5 December 2023. The authorities announced establishing comprehensive entrepreneurship incubation platforms and developing more employment opportunities. For newly recognized entrepreneurial demonstration bases in Nansha District, the operating entity of the base shall receive a one-off subsidy of RMB 300,000. For newly recognized entrepreneurial bases in Nansha District, the operating entity of the base shall receive a one-off subsidy of RMB 100,000. These Measures shall be implemented from 5 December 2023 and valid until 31 December 2025.