Zhejiang — Digital Economy Foreign Investment Zone
Published: February 20, 2026
Executive Summary
Zhejiang province designated the Hangzhou-Ningbo corridor as a "Digital Economy Foreign Investment Zone," offering streamlined company registration, dedicated data infrastructure, and tax incentives for foreign technology companies establishing R&D centers or regional headquarters in cloud computing, AI, e-commerce, and fintech.
Key Points
Company registration: WFOE registration completed within 3 business days in designated zone
Data infrastructure: dedicated cross-border data channels with pre-approved data export assessments
Tax incentives: 15% CIT rate for qualified digital economy enterprises (matching HNTE benefits)
Talent: fast-track work permits for AI and software engineers, 5-year multiple-entry visas
Cloud credits: RMB 1 million in cloud service credits for new foreign R&D centers
Innovation vouchers: up to RMB 500,000 in government vouchers for collaborating with Zhejiang University and Alibaba DAMO Academy