Reference rates22.10.2019 / 1.1130 / 7.8795
From today China eases rules in free trade zones
From today, the Chinese government adjusted some rules of free trade zones, Reuters reported.
For certain activities in the zones will temporarily operate a new, simplified registration system, including the establishment of foreign companies or joint ventures and larger mergers and acquisitions involving foreign companies.
China has free trade zones in Shanghai and Tianjin, the southern province of Guangdong and southeastern Fujian Province.
The agency reminds that Ministry of Public Security promised a series of favorable policies for skilled foreign workers in the pilot free trade zone in Guangdong province.
It is envisaged that the acceleration of procedures for residence and support for start-ups.
Foreigners who meet Chinese standards for wages and taxes, will be eligible for a permanent residence permit in the country.