Yangzhou City issued policies to support LED and solar-LED, solar energy

The reporter learned from the municipal industry and commerce department yesterday that from now on, the city will relax the registered capital restrictions of LED and solar photovoltaic enterprises, and non-monetary assets such as proprietary technology and intangible assets can be invested at the price. The capital contribution can account for up to 70% of the total registered capital.
According to the newly-released support measures, the limited liability company and the registered capital of the company incorporated in the company may be put in place in phases. The initial capital contribution shall not be less than 20% of the registered capital, and the rest will be paid within two years from the date of establishment of the company.
In addition, the city encourages all types of personnel to invest in the establishment of LED and solar photovoltaic enterprises, encourage all types of capital to enter the industry, support Fortune 500 companies, multinational companies to set up LED, photovoltaic industry regional headquarters or R & D center; for the bid for LED and solar energy Photovoltaic enterprises shall implement barrier-free registration. If the application materials are complete and conform to the statutory form, they shall be registered on the spot. If the conditions are met, the business license shall be issued on the spot.

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