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strategy

China Work Permits: Are You an A, B, or C Tier Talent?

China’s new work permit system for foreigners was rolled out nationwide on April ...

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finance

Understanding Legal Proceedings in China

For foreign investors running businesses in China, it is very likely that they would ...

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profile

Catching up with Western China: New Zealand's newest diplomatic...

On 15 June, the Wellington Branch of NZCFS and the New Zealand China Trade Association ...

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commentary

First shipments of chilled meat to China underway

The first export consignments of chilled meat have left New Zealand shores bound for ...

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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