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strategy

Agency takes risk out of operating in China

You're a company feeling its way in China when you get a call that a shipment of ...

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finance

China to Simplify Business Registration for Foreign Investors

China will simplify business registration procedures for foreign-invested ...

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profile

‘Team Wellington’ says Ni hao to China

The number of Chinese visitors to central New Zealand is set to grow, following a new ...

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commentary

Update on the New Zealand-China FTA Upgrade

Negotiations to upgrade the New Zealand-China Free Trade Agreement are now in their ...

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general

Mandarin language assistants welcomed

Forty eight Mandarin Language Assistants were officially welcomed to New Zealand ...

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China Grants Foreign Talents Permanent Residence Permit

Profile

On July 1, the Shanghai Public Security Bureau Entry & Exit Department released a new regulation, relaxing the requirements for eligible foreign talents (experts) to obtain permanent residence permits. These individuals need to meet the following criteria:

Yearly income of over RMB 600,000 (US$97,000)

Yearly income tax of over RMB 120,000

Have worked in Shanghai for more than four consecutive years, and spent no less than six months of each of the four years in China

Besides, foreigners employed by any of the 3,500 firms listed on the official website of the Shanghai Science and Technology Commission will also be allowed to apply for the permanent residence permit. Previously, only foreigners hired as senior executives in high-tech industries and professors at academic institutions were eligible to apply for a permanent residence permit in China. Furthermore, foreign students who have graduated from Chinese universities may apply for a private affair’s residence permit with “entrepreneurship” for two years.

China Briefing