The LEHMAN, Lee & Xu China
Visa & Immigration Newsletter
keeps you up to date on recent developments in China inbound and outbound Visa & Immigration
China Targets Entrepreneurs and Tech Heads
Like many countries in Asia, immigration in The People’s Republic of China is tightly controlled. The government views immigration primarily as one more tool of state power, to be constructively utilized to calibrate a steady and targeted immigration environment.
The country’s immigration law attempts to promote three goals. Firstly to eliminate low skill competition for the increasing numbers of college graduates nationwide. Authorities are very concerned that economic growth will have difficulty creating high quality jobs for the nation’s young workers. The laws are structured to avoid low skilled and recent graduates from foreign countries, in hope that those jobs will go to native Chinese.
The other goals of China immigration law are closely related to each other. PRC authorities are seeking to move the economy away from reliance on foreign investments and foreign technologies toward an innovation economy, while at the same time fighting capital out flows from wealthy Chinese sending money abroad.
China is moving toward special immigration access, for wealthy individuals who spend a lot of time and make valuable investments in the country and at the same time large PRC cities are experimenting with special regulations to attract experienced professionals and skilled high tech talent to come live in PRC.
Both Beijing and Shanghai have special programs to make it easier for foreign entrepreneurs and technology specialists to obtain permanent residence in those cities. The hope is that these high performing individuals will help to promote local innovation and move the country’s economic growth toward a new level of indigenous innovation.
This document has been created for educational purposes for clients, potential clients and referrers of services to LEHMAN, LEE & XU, and to alert readers to the services provided by LEHMAN, LEE & XU. It is not intended to serve as definitive professional or legal advice, and should not be relied upon as such. LEHMAN, LEE & XU does not endorse any personal opinions which may be contained herein.
You may share this document with your friends or colleagues, either by forwarding the e-mail edition to them (provided that the contents of the e-mail edition, including all notices, are preserved in their entirety), or by directing them to the online edition here. You may use short excerpts from this document in your own work (provided that each such excerpt shall not exceed three sentences in length; no more than twenty percent of this document, by word length, may be excerpted; no more than twenty percent of your work, by word length, may consist of such excerpts; each such excerpt shall be attributed to LEHMAN, LEE & XU, with such attribution to include the Internet address of the &XU). All other rights reserved.
You are receiving this email because you opted in at www.lehmanlaw.com, or via social media.
Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list
