New guidance from China’s immigration agency includes provisions aimed at attracting and retaining “foreign talent.” The new measures have a 1 August 2019 effective date.
The new measures expand the period during which work and residence permits are valid (from two years to five years for highly skilled foreign talent or workers in certain “key development areas”).
The new immigration policy also provides new rules for permanent residence permits for persons with “in-demand skills” or persons whose earnings exceed a threshold amount for four consecutive years during which they resided in China for at least six months of each year.
For more information, contact a KPMG tax professional:
Linda Zhang | +1 (212) 954-2423 | firstname.lastname@example.org
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.