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.
© 2018 KPMG Huazhen LLP — a People's Republic of China partnership, KPMG Advisory (China) Limited — a wholly foreign owned enterprise in China, and KPMG — a Hong Kong partnership, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
Flash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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.