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IMPACT – HIGH
What is the change? The Shanghai Public Security Bureau has announced several new immigration policies to simplify visa application processes for foreign employees, especially foreign talents working in high-tech and innovative sectors.
What does the change mean? Among the changes, Shanghai will streamline permanent-residence procedures for foreign talents, simplify visa-application procedures for students, investors and others, and broaden the visa waiver and visa on arrival programs.
Details: The main changes are:
BAL Analysis: The changes are welcome news for companies and foreign employees in Shanghai and could lead the way for other jurisdictions to follow suit with similar changes. While the changes appear to benefit most companies in Shanghai, the impact of the changes and qualifying criteria will be clearer once implemented.
This alert has been provided by the BAL Global Practice group in China. For additional information, please contact china@bal.com.
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