2021-07-21 10:49

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New Trial Measures Launching for Green Card Holders!

Source: OT-Team(S,J), Guangzhou Municipal Science and Technology Bureau

In order to further optimize the business environment of Guangzhou City and support foreigners holding Foreign Permanent Resident ID Card to participate in the construction of international science and technology innovation center in Guangdong-Hong Kong-Macao Greater Bay Area, Guangzhou has launched the trial Measures in July, and the measures will take effect from August 1, 2021 on.


Here are the full contents of the Trial Measures.


Trial Measures for the Establishment of Scientific and Technological Enterprises by Foreigners with Permanent Resident ID Card


Article 1,These Measures are formulated in accordance with the Several Opinions of the CPC Central Committee and the State Council on Deepening the Reform of Systems and Mechanisms to Accelerate the Implementation of Innovation-driven Development Strategies to further optimize the business environment of Guangzhou City and support foreigners holding Foreign Permanent Resident ID Card (Foreigners Permanent Residence Card) to participate in the construction of international science and technology innovation center in Guangdong-Hong Kong-Macao Greater Bay Area by means of scientific and technological entrepreneurship.


Article 2,These Measures shall be applicable in Guangzhou.

Article 3,The foreigners with permanent resident ID cards referred to in these Measures are foreign natural persons who have been approved to obtain permanent residence status in China and hold foreign permanent resident ID cards (foreigners permanent residence cards) of the People's Republic of China.

Article 4,The foreigners with foreign permanent resident ID cards (foreigners permanent residence cards) to establish scientific and technological enterprises shall receive the same treatment as domestic natural persons, that is, foreigners can use their foreign permanent resident ID cards (foreigners permanent residence cards) as proof of identity to establish scientific and technological enterprises, and enjoy the same treatment as domestic natural persons holding Chinese resident ID cards as proof of identity. Commercial registration shall be undertaken according to the Foreign Investment Law of the People's Republic of China and its implementing regulations.

Article 5,The scientific and technological enterprises referred to in these Measures are enterprises engaged in technology development, technology transfer, technology consultation, technology services, technology testing or R & D, production and operation of high-tech products (services). Enterprises in this category may be engaged in technology and technology-related industries. They may be registered as joint stock limited companies, limited liability companies or partnership enterprises.

Article 6,Foreigners are encouraged to invest in the establishment of scientific and technological enterprises with their own intellectual property rights, proprietary technology and other non-monetary assets.

Article 7,The foreigners with foreign permanent resident ID cards (foreigners permanent residence cards) to establish scientific and technological enterprises shall apply to the market supervision and administration department for registration.

Article 8,These Measures also apply to the case of new foreigners holding permanent resident ID cards as investors.

Article 9,These Measures shall come into force from August 1, 2021 and shall be valid for 3 years.


[ The Chinese version shall prevail for the final interpretation of these Measures, and the English translation is for reference only. ]







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