The general office of the Taiyuan municipal government recently issued a slew of incentives and subsidiaries, to promote foreign investment in Taiyuan city and advance local development of leading industries and key industrial clusters in the capital of North China's Shanxi province. 

Local officials said the measures are valid until the end of 2025. 

They are available to independent accounting firms invested in Taiyuan by enterprises, as well as individuals and other economic organizations by means of joint ventures, cooperation, sole proprietorships, acquisitions, mergers, among others. Officials said candidates that meet the various requirements for the incentives and subsidiaries will be rewarded or subsidized to the highest levels. 

Those engaged in leading industries in Taiyuan will receive up to 5 million yuan ($703,947) in subsidies. 

Newly established industrial ventures with the fixed asset investment per 0.07 hectare exceeding 3.5 million yuan and an annual operating income per 0.07 ha over 5 million yuan, will be receive 1 million yuan after they start production. 

Civil-military integration ventures will receive subsidies up to 5 million yuan for three consecutive years.

Key industrial ventures with fixed asset investment of over 100 million yuan that qualify will get subsidies of up to 1 million yuan. 

Major industrial ventures with fixed asset investment of over 1 billion yuan will get targeted policy support.  

In the headquarters economy sector, there will be incentives on offer worth up to 6 million yuan for those candidates that qualify. 

Taiyuan will offer one-time rewards of up to 5 million yuan to enterprises which set up their headquarters in the city and have paid-up registered capital each of not less than $10 million or the equivalent in yuan -- especially Fortune Global 500 companies establishing headquarters in the city. 

Newly introduced headquarters companies or headquarters companies established in Taiyuan this year, whose annual sales reach 500 million yuan, will be rewarded 1 million yuan in subsidies. Those whose annual sales reach 1 billion yuan, will receive 2 million yuan, while those with annual sales of 2 billion yuan or more, will be rewarded with subsidies of 4 million yuan. 

In addition, Taiyuan will provide financial support for the accommodation needs of enterprises establishing headquarters in the city. Starting from this year, if the headquarters enterprise does not have its own offices in Taiyuan, the annual subsidy for renting office space for headquarters will be up to 300,000 yuan per annum for up to three years. 

Further, there will be a one-time subsidy for purchasing office space for headquarters of up to 1 million yuan. 

For those recommending investment ventures, the incentives will be worth up to 500,000 yuan.

Except for public institutions and government organs and their staff members, rewards shall be given to individuals and groups that recommend investment projects or ventures to Taiyuan and facilitate the settlement of the projects or ventures.  

For example, Individuals and groups that introduce foreign direct investment ventures by Fortune Global 500 companies will be rewarded with 200,000 yuan for each venture.

English version for reference only.