China to Lower Requirements of Green Card Policy

China to Lower Requirements of Green Card PolicyIn hopes to attract more foreign talent into the country, China will be lowering its application requirements and approval threshold as the country relaxes its U.S. style green card policy. Authorities are more discussing several revisions on the regulation on awarding permanent residency permits to foreigner and adding more flexible application standards.

The green card policy was introduced in 2004 in China as a way to encourage high level foreigners to come and invest in businesses and promote technology and culture in China, and fulfill many of these foreigners request to reside permanently in China. Once issued a green card these foreigners can reside in China indefinitely and can enter and exit with just a passport and the green card without even the need to apply for visas. China issues its green card to foreigners in several categories ranging from technical personnel, people with skills, people needed by the State, businessmen with investment of  no less than US$500,000 in the country and spouses of Chinese nationals.

Other foreigners that are staying long term can get the visas that have multiple entry permits that are valid for a year up to five years, and nearly 5,000 foreigners were issued green cards in 2012. By May 23 of this year an additional 1,306 foreigners gained permanent residency through a foreign talent recruitment plan known as the 1,000 talent plan or by recommendations of central ministries and provincial governments.

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