China continues to make immigration measures more talent friendly. The country continues its course in attracting highly skilled foreign professionals into Shanghai by halving its application time-frame from 7 working to only 3 working days and to remove in formalities in person by applying the application online. The initiative in Shanghai, is the first and the only one in the country at this point.
When an organization places a highly skilled foreign professional into China, this move often is of a limited duration typically called an ‘assignment’. A permanent residency permit (Chinese Green Card) allows the foreigner to stay in China without having to renew their visa every year and also give the same rights as Chinese citizens in areas such as investment, buying housing and education. The applications for these green cards has been rising over the last few years. According to the Ministry of Public Security, in 2016 alone 1,576 foreigners became permanent residents in China, up 163 percent year-on-year. High-end professionals seen as “key leaders” in Shanghai, now have a much easier path to remain in Shanghai and help it in its quest to become a “global technological innovation hub by 2030. Many of these leaders are employed by high-tech and new tech companies.
This move could help companies to transition employees off of long-term assignment packages and look at more “localized” arrangements.
Shanghai streamlined the procedures on Monday for highly skilled foreigners working in the municipality to get their residence permits within three working days through an online application, the municipality's latest measure to attract such overseas workers. High-level professionals identified by national or Shanghai authorities who manage human resources or foreign experts affairs will only need to go to crj.police.sh.cn and submit documents, according to the Exit-Entry Administration Bureau of the Shanghai Public Security Bureau. They can retrieve their permits at exit-entry offices after three working days. "High-end professionals employed by the 8,818 enterprises on a list seen as key leaders in Shanghai's quest to become a global technological innovation hub by 2030 will also become beneficiaries of the new measure," said Xin Wenke of the information office of the Exit-Entry Administration Bureau.