Hong Kong has recently unveiled its revamped Capital Investment Entrant Scheme, opening its doors to affluent investors worldwide starting March 1. To qualify, applicants must commit a minimum investment of HK$30M in permissible assets.
Successful candidates are entitled to bring their dependents, including spouses and unmarried children under 18, to reside in Hong Kong with them. Initially granted a two-year stay, they can subsequently extend their residency for up to three years at a time.
Hong Kong’s Latest Scheme Latest Updates
Upon completing seven years of continuous residency, they become eligible to apply for permanent residency under Hong Kong law.
Since Financial Secretary Paul Chan announced the revised scheme in the government’s February 2023 budget, Hong Kong Immigration Limited has received over 1.6K inquiries by December.
According to Wu, the head of Hong Kong Immigration Limited, successful applications hinge on the meticulous documentation and accuracy of asset proof.
The application process involves Invest Hong Kong verifying financial requirements, while the Immigration Department handles visa and permit assessments.
Secretary for Financial Services and the Treasury, Christopher Hui, noted widespread interest from high-net-worth individuals globally, with briefings conducted for financial intermediaries and international business associations.
This proactive approach highlights the government’s dedication to bolstering Hong Kong’s asset and wealth management sectors, attracting investors from regions like the Middle East and Southeast Asia.
The early launch underscores Hong Kong’s commitment to fostering high-quality development in its financial services and related professional sectors.
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