The Pudong New Area has emerged as the pioneer in the country in granting favorable policies to overseas professionals to give them equal treatment as local people as part of the area’s 20 newly-released policies aimed at improving the business environment and fostering development. 

Under the new rules, top foreign professionals, with permanent residence cards, will be able to set up technology companies and start a limited liability partnership at the Shanghai Free Trade Zone, which was only open to Chinese citizens so far. 

They can also enjoy the same favorable policies as local startups under the new policy set released by Pudong’s market watchdog.