Led by Mr Li Jianguo, Deputy General Manager of SHUDC, the delegation - which visits The Møller Centre in Cambridge, on Thursday August 25th - will focus on the new business opportunities for UK organisations in the life science sector and the benefits of setting up in the Shanghai FTZ and establishing operations in the new Qidong Bio-Pharmacy Park.
The benefits include:
- Import duty free raw materials and equipment for self use
- Greenway for visa and working permit applications for foreign experts
- Rent subsidies
- Individual income tax rebate for the first five years
- Investment funds for projects inside the FTZ
The benefits of setting up in the Shanghai FTZ Qidong Bio-Pharmacy Park include:
- Low cost of land- Only RMB 200 yuan/sqm for land (indicative cost) with 50 years term in Qidong,(the average rent for the suburban area of Shanghai is RMB 2,000/sqm with 20 years term).
- Financial support- Shanghai Free Trade Zone investment funds for projects inside the Park.
- Human resource support- Nantong University Qidong Branch is near the park, with 10,000 students. For cooperation with the bio-pharmacy park, the university can launch tailor-made training programmes with students majoring in bio-pharmacy.
- Preferential policies for overseas organisations
- Strong bio-pharm industry presence - eg. ShangPharma (The parent company of ‘ChemPartner’), one of the biggest CROs and bio-pharmacy companies in Shanghai, starting a 66,700sqm bio-pharmacy project in April 2016 in the Park.
To find out more, please email Louise Wang at the Møller Centre.
________________________________________________________