New China Visa Policies Updated in January
Understanding the new China visa policies that were updated in January is crucial for those planning to work, live, or travel in China. These updates include several significant changes which could impact various aspects of immigration and international relations. Let’s delve into the details of these policies.
1.Employment-Based Permanent Residency Salary Requirement in Shanghai
One of the notable updates in the new China visa policies concerns the employment-based permanent residency in Shanghai. As confirmed, the minimum annual salary requirement remains at 600,000 RMB for the recent consecutive four years. This clarity is essential for foreign nationals looking to secure permanent residency in this dynamic city.
2.China and Thailand Announce Permanent Mutual Visa Exemption
Another exciting update within the new China visa policies is the permanent mutual visa exemption announced by China and Thailand. This will start from March and is a promising step towards enhancing tourism and cultural exchanges between the two countries.
3.Hague Convention Certifications for Permanent Residency Applications
The new China visa policies also include the acceptance of Hague Convention-certified documents in Beijing, Shanghai, and Shenzhen for permanent residency applications. This change, effective from late December 2023, simplifies the application process for foreign nationals by recognizing a wider range of official documents.
4.Maximum Stay Duration for TE Letter Applicants
For business visa applicants using a TE Letter, the new China visa policies state that the maximum stay duration must not exceed 30 days. It is crucial for applicants to adhere to this update to avoid application rejections and potential delays.
5.Permanent Residency Application for Foreign PhDs in Guangzhou and Beijing
Foreign nationals with doctoral degrees can now apply for permanent residency in Guangzhou and Beijing, as per the new China visa policies. This ‘foreign PhD’ category is an extension of the policies in Shanghai and Shenzhen, further opening opportunities for international experts in China.
6.Implementation of the New Company Law
Looking ahead to mid-2024, the new China visa policies include the implementation of the new Company Law. This will affect both new and existing companies in terms of their capital subscription, setting a five-year deadline for the total capital to be paid.
7.Online A-Share Account Opening for New Permanent Residence Cardholders
Lastly, under the new China visa policies, holders of the new version of the permanent residence card can now open A-share securities accounts online. This is a significant advancement for foreign nationals interested in participating in the Chinese stock market.
These new China visa policies reflect China’s evolving approach to international relations and immigration. By staying informed of these updates, individuals and businesses can navigate the changes more effectively and plan accordingly for their endeavors in China.
