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Update to Work Permit Renewal Process in China Announced

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PTL Group
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on Monday, 15 January 2018
in Business in China

This December, the China State Administration of Foreign Expert Affairs announced a change in the foreigner work visa renewal process that will affect every foreigner in China. The announcement states that all applications to renew their Chinese work permit must be submitted at least 30 days before the expiration on their permit. This means that all required paperwork must be prepared well in advance of the renewal period. The new regulation is to take effect on February 28th, 2018, just days after the 2018 Chinese New Year holiday.

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New Chinese “High-end Talent Visa” for foreigners is implemented in 2018

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on Thursday, 11 January 2018
in Business in China

China introduces a new free, fast-track visa, for “high-end” foreign talent. The report, released by the state news agency Xinhua, stated that under new policy from the State Administration of Foreign Expert Affairs, applicants who qualify for the Certificate for Foreign High-End talent can obtain the new visa as fast as five working days. With this certificate applicants can apply for new 5 or 10 year multiple entry visas.

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China Slashes Import Tariffs on Consumer Goods

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on Thursday, 11 January 2018
in Business in China

Beginning December 1st, 2017, The Ministry of Finance has stated that there will be a cut on import tariffs on a diverse range of consumer products. This initiative comes as an effort to facilitate the increasingly varied domestic demand and to aid the “consumption upgrade”. As foreign imported good are seen as higher quality and safer than locally produced products, they are currently more desirable to consumers hence, and this initiative is hoped increase consumer spending.

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What Awaits in China 2018: A More Dynamic and Flourishing Market —— An interview with PTL Group GM-Arie Schreier

Posted by PTL Group
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on Wednesday, 10 January 2018
in Business in China

Q: How do you see the market shifting in China?

A: The type of international company that is entering the Chinese market is shifting from a more traditional manufacturing and industrial company to start-ups in the tech and internet industries. About 5 years ago, our feeling as an organization had been that everyone who wanted to enter the China market was already here, or that people had tried, failed, and then left. Concurrently, we began to witness a huge start-up boom not only around the globe but also in the Israeli market, which brought new entrants and clients for PTL Group—and they keep coming. Many Israeli companies have taken advantage of both Chinese and Israeli government grants to help support market entry in China. This aid smoothed the way for companies that would not have entered the China market without access to special economic zones such as dedicated industrial parks, and specific policies that allowed an easier entry.

These start-ups are not just Israeli businesses trying their hand in the Chinese market, some are set up exclusively for the Chinese market. One such example is PTL client UgaUga—an innovate baking products startup that specializes in cake mixes that are optimized for easy baking within a rice cooker, since ovens are not a common appliance in a Chinese household.

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The Inside Scoop: How to use the 144-hour Transit Visa

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on Wednesday, 10 January 2018
in Business in China

China’s introduction of a 144 hour visa means that it is even for tourist to spend up to six days within the country without the hassles of the visa office. The visa was introduced with the aim at boosting business and tourism within the country.

There are certain rules and regulations that must be determined first in order to first qualify for the visa free entry. Firstly and most importantly is determining ones eligibility. There are only 53 countries that qualify for the visa free transit. The full list can be found here, which includes such countries as the United States, UK, Japan, South Korea and Australia.

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