Shanghai Introduces New Business Startup Visa

By Tom Smith, August 3, 2018

0 0

Select districts in Shanghai are piloting a new 'business startup visa' which will enable foreign entrepreneurs to live in China while establishing a business, according to China Briefing.

In May 2018, Shanghai's Public Security Bureau introduced a new 'Private Residence Permit (Entrepreneurship),' commonly known as the 'startup visa" (创业签证), which allows foreigners to set up their very own innovative startup in the city. 

The visa is initially valid for one year but can be extended and even turned into a work permit once the company is established. 

READ MORE: Some Foreigners Can Now Get Work Permits Within Just a Few Days

The 'startup visa' is available to individuals that may have otherwise been excluded from other visa categories, such as recent graduates without enough work experience, individuals over the age of 60 and foreign students.

It also enables investors to conduct auxiliary business activities before the company is legally established, such as market research, staff recruitment and lease searching.

The new 'startup visa' is the latest in a long line of city policies aimed at stimulating economic development through the attraction of top international talent. 

READ MORE: Shanghai Just Made It Easier for (Some) Expats to Get Residence Permits

Earlier this year the city also introduced preferential visa and green card policies and improved business establishment incentives for high-level foreign talent. 

But Shanghai has a fight on its hands, with Beijing and Yunnan province just two of a number of Chinese regions also launching visa incentives in an attempt to convince foreign talent to set up there instead. 

[Image via Pixabay]

more news

Turbulent Times for Foreigners in China as COVID-19 Spikes Overseas

Sentiment towards non-Chinese nationals in the PRC has taken a hit as nations outside China struggle with COVID-19.

China Bans Foreigners Entering Country Amid COVID-19

Foreign nationals with Chinese visas and residence permits will temporarily not be allowed to enter the country.

Foreigners in Shanghai Can Now Register Their Residence Online

That's right... no more trips to the police station.

Teaching in China is Risky for Foreigners These Days, Here’s Why

The days of teaching in China without the appropriate visa or education credentials appear to be numbered.

KFK Podcast: The Sun Yang Doping Saga and Viral Videos of Foreigners

Check out this week's Kung Fu Komedy podcast!

Here's How Many Foreigners Live in Guangzhou

The highest number of laowai come from the US, Korea and Japan.

China Is Home to 4 of the 10 Most Expensive Cities for Expats

Time to ask your boss for a pay raise.

China Jobs: Teaching, Media, Business Development

A roundup of the latest employment opportunities around China.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at thatsonline for events, guides, giveaways and much more!

7 Days in China With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Magazines!

Visit the archives

Get the App. Your essential China city companion.