What’s new?
The Chinese government announced that Hong Kong, Taiwan and Macao residents will no longer require a work permit to work for companies in mainland China.
Past laws
Residents of Hong Kong, Taiwan and Macao (THKM)?had to undergo a time-consuming process in the past in order to prove that they were uniquely qualified for open job positions in mainland China.?Additionally, the work permit system meant that THKM residents were required to apply for a new permit when switching employers and would be subject to the permit’s two-year renewal period.?They will now no longer be subject to the same restrictions and requirements.
What’s next?
The Ministry of Human Resources and Social Security is expected to issue the regulations at the end of the month. This new rule is being implemented at the city-level and may differ in different regions.
For further information on how this may affect your business, please consult with our attorneys.?For more frequent updates, please follow us on?Twitter?(@GrahamAdairLaw).