Concentrating on a "Technology plus Talent" plan, Guangzhou's taxation department released tax services guidance on driving the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area. The guidance included the Bay Area's individual tax incentives and the construction of an international science and technology innovation center.

To attract more overseas investment and help enterprises to go global, the department launched 12 measures for the Belt and Road Initiative to provide a full range of full-process services for taxpayers in the Bay Area.

It is continuing to offer individual tax dividends to attract professionals to work in Bay Area companies.

“The tax subsidy policy perfectly addresses the personal income tax concerns of talents. For enterprises, the policy further reduces the cost of employment and creates a more favorable and competitive environment," said He Dongdong, co-founder and CEO of Rootcloud.

Huang Yuezhong, founder and CEO of Guangzhou Mengying Animation Network Technology, said he hopes to integrate resources in Guangdong, Hong Kong and Macao, leverage the power of technological innovation, cultivate a new generation of Chinese animation professionals, drive the continuous development of China's animation industry and introduce the country's cultural industry to the world.

One enterprise, one policy

The city's "one enterprise, one policy" service also helps local enterprises to grow and develop.

In addition to introducing high-end professionals, Haizhu district's taxation department has established a special investigation team to obtain information on business operations, scale, tax-related difficulties and big data comparison and analysis. Enterprises are now able to enjoy all kinds of preferential tax policies.

Guangzhou Yatsen E-commerce Co, located in the Pazhou Artificial Intelligence and Digital Economy Pilot Zone, is a fast-growing internet beauty startup.

It owns such cosmetics and skin-care brands as Abby's Choice, Perfect Diary and littleondine, with more than 200 offline stores in some 100 cities across the country. It took only four years to go public, becoming the first Chinese beauty company to be listed on the United States' stock market.

"As the company grows and develops, more and more subsidiaries are managed by different tax offices, which increases the communication cost of the company to a certain extent," said Huang Jinfeng, CEO of Yatsen.

"The tax department of Haizhu district helped the 12 affiliated companies of Yatsen to receive one-stop services in the same tax office and equipped us with specialized tax administrators to promptly solve problems. Now the communication process is very smooth and taxation matters are handled. The cost has also been greatly reduced."

The population of the workforce in the Pazhou area is expected to reach about 800,000 in 2035. With the continuous increase in the number of enterprises, the demand for professionals is increasingly strong.

Pazhou plans to build 11 rail transit lines and one Hong Kong-Macao passenger port terminal.

In the future, people in Pazhou will be able to reach Guangzhou South Railway Station in 10 minutes, Guangzhou Baiyun International Airport in 25 minutes, other cities in the Pearl River Delta in one hour, and Hong Kong in two hours.