Yangzhou: new policies to support LED and solar photovoltaic enterprises

Starting this year, the city of Yangzhou to relax the restrictions on registered capital of LED and solar photovoltaic companies, proprietary technology, intangible assets and other non monetary assets can be invested, the maximum amount of capital contribution of 70% of the total registered capital. According to the new measures to support the limited liability company and initiated the establishment of the registered capital of the Limited by Share Ltd can be phased in place, the initial capital contribution of not less than 20% of the registered capital, paid within two years from the rest of the date of establishment of the company. In addition, Yangzhou encourage personnel to invest in LED and solar photovoltaic enterprises, encourage various types of capital into the industry, supporting the world's top 500 enterprises, multinational companies to set up Yang LED, photovoltaic industry regional headquarters or R & D center; barrier free registration for bid for LED and solar photovoltaic companies, the application materials are complete and meet the statutory form on the spot, the registration conditions, the business license is issued on the spot.

Source: China Machinery Network