A new “business startup visa” has been piloted across select districts in Shanghai, giving foreign entrepreneurs the ability to live in China as they establish a business. In May 2018, the Shanghai Public Security Bureau updated the policies for a new “Private Residence Permit (entrepreneurship)”, commonly referred to as the “business startup visa” (创业签证), which offers foreigners a chance to establish a new and innovative startup business within Shanghai.
The business startup visa is unique in that its scope of eligibility is expansive — it includes individuals who have traditionally been excluded from many other visa categories, such as inexperienced graduates and individuals older than 60 years old.
To date, the visa has only been piloted in certain districts in Shanghai, including Changning and Yangpu. Compared to traditional work permits, the business startup visa also gives investors and key management staff alike flexibility in conducting auxiliary business activities such as market research, business development, staff recruitment, lease searching, initial company setup procedures, etc. before getting the company legally established.
4 Eligibility Requirements
2 Document Required
Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.
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