08/04/2024
Legal Updates and Business in China
1. Up to a 5-year residence permit may be given upon 2 continuous residence permits for work above 1 year each, or if you work for a well-known company or research institute as a management, technical professional, or R&D team member, a green card to be approved if conditions met.
2. Management and technical staff of a foreign investment company in China, their couple, and minor kids coming along can apply for a 2-year visa, which could be extended or renewed.
3. Expats could have up to a 5-year multiple-entry visa for business activities, which could be extended or renewed.
4 . A passport may not be kept for residence permit application. Work permit and residence permit are to be approved together.
5 . Expats to be allowed to change work location or receive education, with the same employer, no need to re-apply for the residence permit
6. China release 2 negative lists of cross-border service trade nationwide, for free trade zones.
7 . Encouraged business sectors for foreign investment to be revised; with benefits in importing equipment, income tax, land, etc.
8. Entities can share a business address. The branch company can use the same address as the headquarters company.
9. Self-built houses can be used for business; the company can have more addresses in 1 business license.
10. Encouraged business in Hainan increased by 33 business sectors on culture tourism, new energy, health care, aviation, environment, etc.
11. More tourism, modern services or hi-tech companies in Hainan can enjoy more preferential policies as encouraged business.
12. China to improve service, support for Foreign Investment (financing, staff, etc.), and Expats.
13. More business sectors to open to foreign investment, no restriction in manufacturing industries.
Contact me if you need Legal advice or want to expand your business in China.