What are the standards for new application and extension of the Foreigner’s Work Permit by innovative entrepreneurial expats?

sgst.cn

To regulate innovative entrepreneurial expats in Shanghai, for expats such as legal persons making investment or innovative entrepreneurship and small investors, after an enterprise is legally established, limits in terms of age, academic degree or work experience may be relaxed when they apply for their first work permit in China. For foreign investors who have a physical office, their work permits in China may be extended based on the operating status, taxes, social security payment and other required circumstances of their companies. Foreign investors with virtual registration shall submit all documents required, including but not limited to operating status, taxes, and social security payment for an extension which is necessary according to the circumstances.