Global Watch ()
In order to further attract foreign investment and encourage multinational corporations (MNCs) to establish regional headquarters (RHQs) in Shanghai, supplementary regulations were jointly released on July 14, 2014 by the Commission of Commerce, Municipal Human Resources and Social Security Bureau, the Entry-Exit Administration Bureau and the Entry-Exit Inspection and Quarantine Bureau of Shanghai. These new regulations (which are based on the Regulation Hufubanfa  No.51) expand the Implementation Guidelines for Encouraging the Establishment of RHQs by MNCs in Shanghai, Hushangwaizi  No. 348. They will remain valid until June 30, 2017.
Under this guidance, the Shanghai government is offering a more supportive and streamlined policy on visa, residence permit, work permit and foreign expert certificate to MNCs even if they do not have their RHQs in Shanghai, but actually run their core functions such as strategic management decisions, capital management, procurement, sales, logistics, settlement, research and development, and training in the city (called ‘RHQ Type Institutions’).