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In order to attract and retain talents, an increasing number of multinational enterprises have implemented Share Incentive Plans (“SIP”). Due to China's foreign exchange control policies, employees in China participating in share incentive plans of overseas listed companies need to go through foreign exchange registration procedures with the State Administration of Foreign Exchange (“SAFE”).
With China's sustained enhancement of comprehensive national strength and deepening globalization, this vibrant oriental land full of opportunities is attracting many foreign professionals to work and develop here. To build a more open, standardized, and efficient environment for introducing international talents, and to safeguard the employment quality and legitimate rights and interests of employers, China has gradually established
Beijing, as the political center, cultural center, international communication center and scientific and technological innovation center of China, is accelerating the construction of an international scientific and technological innovation center, an international consumption center and a global digital economy benchmark city under the guidance of the development of the capital in the new era.
The profits obtained by the foreign investors within the territory of the PRC can be freely remitted out according to the Foreign Investment Law of the PRC. However, foreign invested enterprises (FIE, foreign invested limited liability companies) must meet certain conditions and complete specific procedures when applying to remit out the distributed profits (dividends) to overseas shareholders.
