(Goverment Expenditure) Local Investment Promotion Subsidy
- Execution of MOU
Province↔City/
County↔Enterprise- Submission of the first business plan. Discussion on the execution of MOU.
- ※ MOU effective for 3 years/investment
- Submission of the first business plan. Discussion on the execution of MOU.
- Land purchase & commencement of construction
Enterprise
- Land purchase agreement, construction design, and commencement
- Subsidy application (within 3 months after the commencement of construction)
Enterprise→
City/County→
Province→Ministry of Industry- Local investment promotion subsidy application
- ※ (Site) one year from the date of site purchase agreement
(Facility) within 3 months from the commencement of construction. - * Application available before the commencement of construction. However, recovery of full subsidy when construction doesn’t start within one year.
- ※ (Site) one year from the date of site purchase agreement
- Local investment promotion subsidy application
- Data review & site survey (Ministry of Industry)
Deliberation by the investment deliberation committee
City/County+Province
+Ministry of Industry- Review on support qualification & support feasibility analysis
- Investment plan briefing and site check
- Payment of the 1st subsidy (70%)
Enterprise→
City/County→
Province→
Ministry of Industry
- Central investment deliberation
- Support to match national, provincial, or municipal/county expenditure
- Project completion report and settlement
Enterprise→
City/County→
Province→
Ministry of Industry
- Project completion report & settlement (to be completed within 3 years after the commencement of the project)
- Verification on settlement by an accounting firm
- Follow-up Management (5 years)
Enterprise→
City/County→
Province→
Ministry of Industry
- 5 years from the date of notice on the subsidy settlement to an enterprise