This GMS Flash Alert reports on the Sixteen Policies, which came into effect on 1 August 2016, that support the establishment of the Free Trade Zone (the “FTZ”) and aim to simplify the entry and encourage the retention of high-level foreign talent and innovators in Guangdong.
Detailed rules pertaining to the so-called “Sixteen Policies” were issued on 10 August 2016, by the Guangdong Public Security department in the People’s Republic of China (“China”).1 The Sixteen Policies, which came into effect on 1 August 2016, support the establishment of the Free Trade Zone (the “FTZ”) and aim to simplify the entry and encourage the retention of high-level foreign talent and innovators in Guangdong.
Guangdong’s detailed rules follow on the issuance by the Exit-Entry Bureau in Shanghai in July 2015 of detailed rules for the implementation of the exit and entry policies and measures first issued by China’s Ministry of Public Security.
Guangdong’s Sixteen Policies streamline and simplify visa application procedures, and thereby cut-back some of the red tape and delays concerning entry in and exit from Guangdong, the most populous province in China and one of the most economically successful. This will make it easier and faster for foreign workers and entrepreneurs to come to work in Guangdong.
Of the Sixteen Policies, six of them are applicable to the Guangdong FTZ, while the rest apply to the entire Guangdong province (including the Guangdong FTZ). Below are some highlights of the more note-worthy policies.
With the introduction of these preferential policies in Shanghai and Guangdong, it is anticipated that China will step up its efforts to strengthen the management of foreign personnel employment and attract foreign talent and investments.
In view of the new policies, companies in Guangdong that have need of bringing foreign talent are advised to consider the preferential measures in their planning in order to shorten the lead time for applications as well as mitigate associated costs.
1 For additional information see the “Entry, Exit and Residence Procedures” webpage on the Entry and Exit Administration Office of the Guangzhou Public Security Bureau website (in English).
For additional information or assistance, please contact your local GMS or People Services professional* or one of the following professional with the KPMG International member firm in the People’s Republic of China:
Michelle Zhou, Partner
Tel. +86 (21) 2212 3458
Judy Li, Senior manager
Tel. +86 (21) 2212 3486
* Please note that the KPMG International member firm in the United States does not provide immigration services.
The information contained in this newsletter was submitted by the KPMG International member firm in the People’s Republic of China.
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