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strategy

Intellectual Property in China: Laws and Registration Procedures

Intellectual property protection in China remains a major concern for foreign ...

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finance

Trade war will not derail China’s promise to open up its...

Road maps, timetables ‘already very clear’ and will be implemented, ...

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profile

Queenstown Tourism leaders head to China ahead of the 2019...

Queenstown Mayor Jim Boult and the team at Destination Queenstown have been to ...

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commentary

Why New Zealand is part of China's Singles' Day - the biggest...

Most New Zealanders don't know it, but 11 November is China's biggest shopping day of ...

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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.

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