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

2 Foreigners 'Blacklisted' After Great Wall Incident

The tourists from Senegal crossed into a section of the Mutianyu Great Wall off-limits to visitors.

Tibet Reopens to Foreigners Starting Today

Want to see the ‘Roof of the World?’

The Tricky Business of Dating a Friend's Ex in China

DNC discusses tricky situations people find themselves in when they blur friendship lines with matters of the heart.

Here's How Foreigners Can Book Their COVID Vaccine in Shanghai

Starting Monday, March 29, foreigners in Shanghai will be able to book an appointment for domestically-produced COVID-19 vaccines.

Foreigners in Beijing to Be Offered Chinese Vaccine

Foreigners living in the Chinese capital may register for a China-produced vaccine.

Visa Rules Relaxed for Vaccinated Foreigners Entering from HK

Less health documents are needed for foreign visa applicants.

0 User Comments

In Case You Missed It…

We're on WeChat!

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

7 Days in Shanghai With

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's Shanghai!

Visit the archives