Identification standards of headquarters enterprise
chinadaily.com.cn| Updated: October 22, 2019
1. Having no less than three wholly funded or absolutely controlled companies or subsidiaries, and playing the role of headquarters when managing and serving the companies, and practicing a unified accounting system. One of the subsidiaries outside the city has to pay taxes to Shinan district.
2. Conforming to Shinan's industrial development direction, registered in Shinan district, being an independent legal entity, and running business by law and with honesty.
Meeting one of the five requirements:
1. Large enterprise (large groups) governed by the country, or the central, provincial or municipal departments
2. Fortune 500 companies, top 500 enterprises of China, top 100 private enterprises of China, and top 100 chain businesses of China
3. Listed companies (Shanghai and Shenzhen stock exchanges, and overseas bourses)
4. Well-known multinationals, large Chinese enterprises or groups, and industrial giants
5. Newly established conglomerates based on asset acquisition, equity mergers and acquisitions, and amalgamation of previously existing companies in Shinan district
Those companies that satisfy the above requirements and also are identified as comprehensive headquarters enterprises or functional headquarters enterprises by related municipal departments of Qingdao can be directly recognized as headquarters enterprises of Shinan district.
Those that satisfy the above requirements but are not identified as comprehensive headquarters enterprises or functional headquarters enterprises by related municipal departments of Qingdao can be recognized as headquarters enterprises of Shinan district, if they meet the following requirements:
1. A full-year paid-in capital of over 100 million yuan ($14.53 million)
2. Annual revenue of over 100 million yuan in the previous year
3. On-budget and off-budget fiscal revenue over 10 million yuan in the previous year
Those that belong to certain types of headquarters, specialize in emerging industries, and are not independent legal entities, but play roles as regional headquarters, practice unified accounting systems, are taxpayers, and make great contributions to Shinan's economic growth can go through the identification process on a case-by-case basis.