China Introduces More Flexible Green Card Terms
Charissa Echavez | | Feb 19, 2016 08:11 AM EST |
(Photo : Getty Images) With the aim of attracting more investors and talents, China has loosened up its permanent residency requirements.
With the aim of magnetizing more foreign talents and investors, China has introduced more flexible and practical terms on acquiring a green card.
According to state-run Xinhua news agency, currently, gaining permanent residency in China is open only to a handful of foreign nationals and the standards are too high. But the new policy, which was implemented in 2004, is a bit more relaxed. Under the new policy, foreigners, who already have permanent residency, will no longer need a visa to enter the country. Furthermore, they are now entitled to drive, invest and even enroll their kids in schools without having additional approvals or extra fees to pay.
Like Us on Facebook
Until June last year, only foreigners, who are under the government or those involved in key national projects, were eligible to apply. The rule was then loosened up to include researchers from more institutions and even those with international grants.
The latest directive states that the rule should also be made available for other industries, but did not clearly specify which ones. It also proposed that all government levels should make application process easier.
Premier Li Keqiang told foreigners in February 2015 that the city of Beijing would be the easiest place to apply for a green card.
Meanwhile, some requirements have not been modified. Existing permanent residency regulations stipulate that only applicants, who have invested at a certain level or who make outstanding contributions to the country, can be approved. Moreover, applicants are also required to be healthy.
According to the directive released in June 2015, green card holders will be able to stay in the country for more than three months every year, or if with special permission, more than one year in five. All eligible applicants need to have been employed in the country for a minimum of four years and have been in China for at least three of the previous four years.
Tagschina, China permanent residency visa, permanent residency
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?