·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Government > Policy Interpretation
Liuzhou municipal government’s initiative for college graduates to set up their own businesses

The latest policy Encouraging College Graduates to Set up Their Own Businesses have won great attention right after it’s published in the media. The municipal government has held a press briefing to further explain the policy.

The policy is beneficial for graduates who have successfully obtained their Bachelor degrees in the past 5 years and those who have finished study overseas and want to set up a business with a plan or technology which must satisfy the requirements of Liuzhou’s industrial development and must be assessed by relevant authority.

Applicants for personal business can borrow up to 50,000 Yuan from the bank, while applicants for an organization or enterprise can borrow as much as 200,000 Yuan. The highest 2 million Yuan loan is available for applicants who are opening a labor-intensive enterprise with over 30% employees come from registered unemployed residents.

Anyone who like to apply for the grant can provide his/her employment certificate, business license and other documents to local employment and social security authority to apply for guarantee for small-amount loan. AT the same time, applicants must also have surety of local residence, stable job and repayment ability.

Eligible applicants do not need to have a certain amount of money as opening capital. They can use their intellectual property, patent or technology instead of capital. These non-financial investment can be account for as much as 70% of their total registered capital.  

All administrative fees are covered by the Fiscal Department. Besides, any un-intentional breach of operation will not be fined for the first time.  

Applicants are also entitled to tax benefits and can apply for initial capital from the government which could be as much as 300,000 Yuan. The risks are under managed by government-funded insurance.

Other than all the benefits from the above, successful applicants will also receive aids from the government in terms of training, file keeping, reduced rent, housing etc.
   Print   To Top    Close  

Related Articles

Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280