Hong Kong Residence by Investment

Hong Kong offers multiple options for residence in a world-class location that is the premier gateway for trade and investment to and from mainland China. The Hong Kong Special Administrative Region (HKSAR) offers several residence programs for talented individuals seeking residence in this Asian metropolis.

• Investment: Minimum of HKD 30 million
• Key benefit: Eligible to apply for permanent residence after seven years

Overview of Hong Kong Residence by Investment

In September 2003, the Immigration Department of the Government of Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China introduced the Capital Investment Entrant Scheme. Prior to the introduction of the scheme, individuals seeking residence in return for investment in the HKSAR had to rely on a subset of the employment visa, known as the Employment Visa Based upon Investment in Hong Kong (the business investment visa).

Some of the Many Advantages of Hong Kong Include:

• Economic and political stability, strategic location, and a major financial and trading center
• Well-established legal system, based on the English common law and transparent regulations
• Premier gateway for trade and investment into and out of mainland China
• Freest economy in the world
• No restrictions on capital flows into and out of Hong Kong
• Convertible and stable currency, linked to the USA dollar
• A global communications hub, with excellent communications infrastructure
• World-class international airport and the world’s busiest container port
• Favorable taxation system for individuals and businesses
• Excellent international schools and universities.

Hong Kong Residence by investment Options

Individuals who wish to apply for residence in Hong Kong have five options available to them. These are:

1. The Quality Migrant Admission Scheme (QMAS), which aims to attract highly skilled or talented persons who will settle in Hong Kong in order to enhance its economy
2. The Top Talent Pass Scheme (TTPS), which seeks to attract talented individuals with rich work experience and good academic qualifications from all over the world to explore opportunities in Hong Kong
3. The General Employment Policy (GEP), which sets out the entry requirements for persons who wish to enter or stay in the HKSAR for professional employment
   Investment as Entrepreneurs, which is for persons who wish to enter or stay in the HKSAR in exchange for establishing or joining in business as entrepreneurs under the General Employment Policy
4. The Capital Investment Entrant Scheme (CIES), which is for individuals who invest a minimum of HKD 30 million in Hong Kong

The Quality Migrant Admission Scheme

Applicants are required to fulfill a set of prerequisites before they can be awarded points in one of the two points-based tests below (qualified individuals from the Talent List are eligible for bonus points under the QMAS):

The General Points Test — Has a passing mark of 80/225 and comprises five categories, namely age, academic or professional qualifications, work experience, language proficiency, and family background.

The Achievement-Based Points Test — For applicants who have received an award of exceptional achievement (such as Olympic medals, Nobel Prizes, national or international awards) or applicants who can show that their work has been acknowledged by their peers or has contributed significantly to the development of their field (for example, a lifetime achievement award from their industry). Applicants who have met one of the criteria under this test will be awarded 225 points; otherwise, no points will be awarded and the application will be rejected.

The Top Talent Pass Scheme

Applicants who meet the following criteria may apply for residence under the TTPS:

• The applicant has a bachelor’s degree from an eligible university
• The applicant has earned at least HKD 2.5 million in the year immediately preceding the date of application

The General Employment Policy

Applicants who possess special skills, knowledge, or experience of value not readily available in Hong Kong may apply to work under the GEP if the following criteria are met:

• The applicant has a good education background, normally a first degree in a relevant field of employment
• There is a genuine job vacancy
• The applicant has a confirmed offer of employment and is employed in a job relevant to the academic qualifications or work experience that cannot be taken up by the local workforce
• The remuneration package including income, accommodation, medical, or other fringe benefits is broadly commensurate with the prevailing market level for professionals in Hong Kong

Investment as Entrepreneurs

Applicants who meet the below criteria may apply to enter or stay in the HKSAR as entrepreneurs under the GEP:

• The applicant should have a good education background, normally a first degree in a relevant field. The applicant will need to establish or join a start-up business and be in a position to make a substantial contribution to Hong Kong’s economy, with consideration factors including, but not limited to: business plan, business turnover, financial resources, number of jobs created locally, and introduction of new technology or skills.
• Overseas Chinese nationals holding People’s Republic of China passports who meet the criteria stipulated above as well as the normal immigration requirements may apply for the HKSAR Investment as Entrepreneurs visas if the applicant has permanent residence overseas or the applicant has been residing overseas for at least one year immediately before the submission of the application. (‘Overseas’ refers to places outside mainland China, the Hong Kong Special Administrative Region, and the Macao Special Administrative Region.)

The Capital Investment Entrant Scheme

Applicants who fulfill the following requirements may apply for residence in Hong Kong under the CIES:

• The applicant invests a minimum of HKD 30 million in Hong Kong
• The applicant maintains the investment for at least seven years
• The applicant has maintained net assets of at least HKD 30 million continuously for six months (two years before the enhancement) within the two years prior to the application date

Procedures for Hong Kong Residence by Investment

In order to obtain any of the above visas, the applicant must submit all the relevant application forms and supporting documents to the Immigration Department.

Approval of applications is entirely discretionary and is subject to changes in government policies. The director of immigration reserves absolute discretion to refuse any application, even if all criteria for eligibility are met. Successful applicants will normally be granted a limited extended stay of 24 months (only without other conditions of stay upon entry). Applicants may apply to extend their stay in the HKSAR before their limit of stay expires. Such applications will only be considered if the applicants continue to meet the eligibility criteria under entry for investment, the QMAS, the TTPS, the GEP, or the CIES.

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