【Study in Singapore】2024 Latest Policies for Returning Students

Advantages of Settling in Major Cities

Many major cities have favorable policies for student settlement, especially first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, where students may even enjoy direct settlement incentives.

However, specific conditions must be met for settlement policies, which vary among cities but generally include the following:

• Foreign-acquired degrees must be certified by the China Service Center for Scholarly Exchange (CSCSE).
• Employers offering employment contracts must have settlement quotas.
• Study abroad duration must be over one year (at least 360 days).
• Tax-Free Car Purchase Benefits for Students

Students can enjoy certain tax exemptions when purchasing cars, but each student is only eligible once, and the car purchase procedures must be completed within one year of graduation.

Eligible students purchasing designated range of personal vehicles can enjoy exemptions from import tariffs on parts and vehicle purchase taxes. This policy can save students tens of thousands to hundreds of thousands of yuan in car purchase costs.

Talent Housing Subsidies

Different cities offer varying housing subsidy policies for returning students. Among these cities, Changsha, Chengdu, and Shenzhen have relatively higher subsidy standards, while Shanghai focuses more on rental subsidies for returning students.

Fresh Graduate Identity

Returning students can enjoy various advantages in employment, settlement, entrepreneurship, housing purchase, and children’s schooling after returning to China. Therefore, having the identity of a returning student will be more competitive if choosing to return to develop.

Recruitment Advantages of Major Corporations

Returning students hold many advantages in domestic employment, with more positions and higher salaries, leading to an increasing number of students intending to study abroad.

Some state-owned enterprises, central enterprises, and major companies may have certain requirements for the academic backgrounds of returning students. For example, schools with high world rankings may be more competitive.

Entrepreneurship Benefits

In fact, many local governments and institutions provide various preferential policies and measures for returning students to attract them to return to China for entrepreneurship and promote national economic development.

Interest-Free Loans: Provide interest-free loans as start-up capital for entrepreneurship to help reduce initial costs and better conduct business. Tax Incentives: For example, exemption from corporate income tax, VAT exemption, etc. Entrepreneurship Park Benefits: Typically provides preferential policies and measures in terms of office space, infrastructure, technical support, and talent introduction. Technology Transfer Benefits: For example, additional research and development subsidies, special funds for technology transfer, etc. Academic Research Benefits

Specific conditions and treatment may vary depending on the institution and region:

Main preferential policies include:

Advantages in title evaluation: In some institutions, returning students may be given priority consideration for senior titles. Research funding benefits: Some research institutions such as the Chinese Academy of Sciences may provide support for research funds for returning students. This support may include start-up funds, equipment support, human resources support, etc. Other welfare benefits: Such as housing subsidies, children’s education subsidies, medical insurance, etc. Children’s Education Benefits

Specific conditions and treatment may vary depending on the region and policy:

Mainly includes: Free admission, priority application for key schools in urban areas, tuition fee reduction, etc.

Enjoying these preferential policies requires meeting certain conditions and requirements, and policies and treatments may vary in different regions. When considering returning to China for development and enjoying these preferential policies, it is recommended to understand the specific policies and requirements of the local area in order to better enjoy these benefits and arrange children’s schooling matters.