Notice in relation to the “Implementation Measures to Support the Gathering of High-end Legal Services in the Qianhai Shenzhen-Hong Kong International Legal Services Zone by the Shenzhen Municipal Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Administration (Revision)”
The Shenzhen Municipal Qianhai Administration Bureau (“the authorities”) issued the “Notice in relation to the “Implementation Measures to Support the Gathering of High-end Legal Services in the Qianhai Shenzhen-Hong Kong International Legal Services Zone by the Shenzhen Municipal Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Administration (Revision)”” (“the Notice”) on 19 May 2024. The authorities announced that overseas law firms and outstanding domestic national-wide law firms, cooperatively establish Guangdong-Hong Kong-Macao joint venture law firms in the Qianhai Cooperation Zone or Sino-foreign joint venture law offices, is eligible to apply for a one-off settlement support of RMB2 million, RMB1.5 million or RMB1 million. These Measures shall be effective from 1 June 2024 and valid for 3 years.