Shanghai Ministry of Commerce recently issued the Directories for Application for the Special Funds for the Development of Service Trade in Shanghai in the Year 2018. Shanghai Dongjin finds the below as the main points.

The requirement for the companies:

1. It has been registered in Shanghai for no less than three years and has the fixed working space;
2. It involve in the cross-border trade transactions and meet the requirement mentioned in Directories for the Promotion of Service Trade in Shanghai (Year 2017);
3. It has the complete accounting system and with the good credit record on paying tax and accounting.

The types of the special funds:

1. Subsidies for the authentication;
2. Subsidies for training the medium and high level professionals;
3. Support on the promotional activities of service trade, such as to attend the overseas exhibitions;
4. Support on the development of international online marketing platform (foreign website);
5. Subsidies for hiring the foreign professors;
6. Subsidies for translation;
7. Special funds for encouraging the headquarter patterned service trade companies to develop in Shanghai;
8. Special funds for encouraging the local service trade companies to set up overseas locations, to investment oversea or have the overseas cooperation;
9. Special funds for promotion the setting up of public platform regarding to service trade;
10. Special funds for the training school to take the training on the talents for service trade, for example, that for the international forwarding, comics and e-commerce industry;
11. Special funds for encouraging the service outsourcing companies to take the training on the talents;
12. Special funds for encouraging the setting up the base for the outsourcing training and the internship.

The deadline for application for the special fund of Year 2018 is 20^TH June 2018.

Shanghai Dongjin advises the relevant companies can have an internal check whether it can make the application for such special funds and subsides. If you have any question or want to know more information, please contact me.

Mr. Mike Chang

TEL: 0086-21-68868321 / FAX: 0086-21-68868021