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IMPACT – MEDIUM
What is the change? Shanghai has started implementing several new policies aimed at attracting foreign professionals in the science and technology fields to live and work in China’s most populous city.
What does the change mean? Foreign residents recognized as talents can become permanent residents more easily, approved high-level professionals in science and technology are eligible for five-year residence permits, and foreign graduates and entrepreneurs looking to start companies in Shanghai are immediately eligible for temporary residency.
Background: The changes affect the following categories:
BAL Analysis: Because immigration procedures in China can be lengthy and complicated, the new rules should reduce red tape and incentivize top-tier and new foreign talent to stay in Shanghai.
This alert has been provided by the BAL Global Practice group in China. For additional information, please contact china@bal.com.
Copyright © 2016 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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