Lianyungang Talents Subsidies
Lianyungang - “Measures for the fund for industrial development management for Lianyungang Area of China (Jiangsu) Pilot Free Trade Zone”.
Lianyungang is situated in the north part of Jiangsu province. In 2020, its GDP reached the amount of 327.707 billion RMB. The city has one main industrial area, known as “Lianyungang Economic and Technological Development Zone”. The individual income tax has changed over the years. Following the tax burden in 2022 for foreign individuals, several cities and prefectures are focusing on special awards and incentives to be granted to foreign talents.
Management Committee of Lianyungang Area of China (Jiangsu) Pilot Free Trade Zone issued the announcement on 2nd Apr. 2020 that qualified high-level talents are given a full subsidy based on the individual income tax retained by the local government and foreign talents can choose to be rewarded the tax difference of more than 15% from January 1, 2020.