Posted February 11, 2018 03:53:26 A Chinese-led initiative is set to roll out in 2018 to help US businesses avoid the hassle of filling out a visa application online.
The initiative, called CHINX, is being funded by Chinese-American venture capitalist Paul Elam, whose investment fund and investment company are involved in the initiative.
“This is a great opportunity to build a new system that helps US businesses better understand the Chinese culture, while simultaneously helping Americans to navigate a complicated immigration process,” said Elam in a statement.
The company, which aims to be the world’s first online visa checkout platform, will help US companies process the paperwork required to enter China.
The program will offer Chinese-speaking businesses a way to secure visas for American workers in China without having to visit the US.
The CHINI visa-checkpoint program is being built in partnership with the U.S. Consulate in Beijing, the Embassy of China in the US and the U’an Yee Foundation, the company said.
CHINPATCH is part of the US-China Trade and Investment Initiative (CITI) initiative.
It aims to expand trade and investment between the two countries by boosting investment and jobs.
It has already received funding from Elam’s private equity firm.
“Our partners are working to bring CHIN-X to the United States in 2018,” Elam said.
“The U.K. is the first country to introduce an online visa checkpoint system.
We believe this will help to bring more American business into China and improve their business climate.”
The company has raised $3.7 million in Series B funding led by Firstmark Capital and will open a new office in Beijing later this year.
The US government has also been testing the CHINx system in collaboration with the State Department.
The visa checkpoints will be located at Urumqi International Airport, which is a hub for the Chinese government and has long been known as the Chinese Embassy, and in the city of Chongqing.