Relocation Fact File: Beijing

Relocation Fact File: Beijing

Key Industries:

Beijing is among the most developed cities in China. In fact, it was recognized as the first “post-industrial city” in mainland China. Finance is one of the most important industries found in the capital, and where many expatriates look for opportunities. Beijing’s real estate and automotive sectors are also high-growth industries in recent years. Further, Beijing is increasingly becoming known for its innovative entrepreneurs and high growth start-up firms. For those looking for employment options, opportunities are likely to abound in every sector.

Income Tax Rates:

The personal income tax rate within China stands at 45%.

Visa Information:

There are three types of residence permits available for expats in Beijing: a permanent residence permit, a temporary residence permit, and a foreigner residence permit. In order to receive the permit your status requires, you must provide documentation of your passport, your residence registration, the correct application forms, and a job contract if applicable.

Remember that every foreigner has to register with their local police station. You will need your passport, rental agreement, and proof of your landlord’s ownership of the place.

Main Relocation Costs:

You don’t really need a car in Beijing, although it is a nice luxury. The public transportation system is well developed and very cheap. Rather, it is best to focus on accommodations, as these costs can be exceptionally expensive given the desired real estate. For those with children, schooling must also be considered a significant relocation cost.

Costs of Living:

The cost of living in Beijing can vary greatly depending on your lifestyle. If you are looking for a more Western experience- with high end housing, meals in Western restaurants and most of your shopping done in stores catering to foreigners, Beijing is NOT a cheap place to live.

However, if you are only aiming to have a modest apartment in a reasonable complex, and are willing to do most of your shopping and eating out in locally owned and operated establishments, the cost of living can be well below what it would be in any capital in Europe or North America.

It’s important to note that it is often cheaper to eat out than to cook western food for yourself in Beijing. Therefore, it would be wise to plan on eating out for about half your meals, even if you’re on a regimented budget.

Lifestyle Synopsis:

Going out or staying in, there are many ways to entertain yourself in China’s capital. The nightlife and restaurant scene is very active and frequently changing. As a national capital, Beijing can also provide a great blend of touristy attractions with traditional Chinese living. Beijing has multiple expat-centric magazines also, which can help to keep you on top of what is available in this vibrant city.

Private Schooling Fees:

Beijing, as one of China’s most international metropolises, offers a number of options for educating your child. The majority of international schools in Beijing offer English-language curriculums, either as one of several curriculums, or as the school’s only language choice. These range from US$2,696- 38,100 annually.

Expat Community:

Foreigners entering China have increased by 10 percent annually since 2000, according to the vice minister of public security. Koreans make up the largest proportion of Beijing’s growing expat population. As the national capital, and the epicentre of China’s diplomatic relations, there is also an infusion of ethnic groups from all around the globe.

Overview:

If China is your first time abroad, be prepared for an unbelievable adventure. You will see things you’re not used to seeing, do things you’re not used to doing, and learn how to live a little differently than you’re used to living. Beijing offers the opportunity to immerse yourself in a new and different culture in one of the world’s most important cities. A host of new and fascinating experiences awaits you on arrival!

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