HONG KONG
“You can leave Hong Kong, but it will never leave you.” - Nury Vittachi, Hong Kong: The City of Dreams
GDP
POPULATION: 7,507,000
Population Growth: -0.21%
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42,896 USD
GDP (per capita)
GDP (purchasing power parity)
308 million USD (2013)
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VISA FREE COUNTRIES: 157
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LOCATION
South East Asia
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CAPITAL
Hong Kong
TIME DIFFERENCE
UTC+8:00
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TOTAL AREA
1,104 sq. km
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AGE DEMOGRAPHICS
Age structure: 0-14 years: 12.12%
15-24 years: 10.85%
25-54 years: 45.34%
55-64 years: 15.76%
65 years and over: 15.93%
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LANGUAGES SPOKEN
Cantonese 88%, Mandarin 48%, English 40%
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RELIGIONS WORSHIPPED
Buddhist 82% Other 18%
GOVERNMENT TYPE
Special Administrative Region of China
CURRENCY
Hong Kong Dollar (HKD)
EXCHANGE RATE
1 USD = 7.78 HKD Pegged
Hong Kong
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The HKSAR government recently announced its newly revamped visa and residency program back to the city, named the "Capital Investment Entrant Scheme" (CIES). The program targets high net-worth investors seeking to migrate to the city and to gain immediate residency. This scheme, in addition with the city's simple and low tax regime, provides investors an attractive opportunity to establish residence in Hong Kong.
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The Hong Kong GOLDEN Visa: A New Business Solution
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We are pleased to offer our full-service, in house and bespoke solution for clients looking to establish residency in Hong through a more cost-effective option. This residence pathway is ideal for future business owners, entrepreneurs or other professionals that would like to work in the city, without the expense that the CIES commands. Under this program, we assist the Applicant in establishing a company in Hong Kong, arranging an employment agreement with the newly incorporated company and formalising an employment visa through the 'Investment as Entrepreneurs' pathway. As a full-service firm, we will assist you in obtaining this GOLDEN opportunity to become a Hong Kong resident.
Why Hong Kong?
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“You can leave Hong Kong, but it will never leave you.” – Nury Vittachi, Hong Kong: The City of Dreams
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For those seeking new challenges abroad, Hong Kong has long been a popular expat destination. While the recent economic downturn and increasing numbers of well-qualified local graduates has led to a more competitive job market, the number of expats working in Hong Kong remains high.​​
Benefits
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Well-established legal system
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One of the freest economy in the world
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No restrictions on capital flows into and out of Hong Kong
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Stable currency linked to USD
Eligibility
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No criminal records or security objections
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Possess good educational background such as an undergraduate degree in the relevant field, good technical qualifications, relevant professional abilities, achievements and experience
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Ability to make a substantial contribution to the economy of Hong Kong in consideration of applicant’s business plan, business turnover, financial resources, investment sum, number of jobs created locally and any introduction of new technology or skills
Investment Requirements
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No minimum investment requirement is specified by the Immigration Department in the application of the entrepreneur visa. Nevertheless, numerous documents (as set out below) shall be made available for inspection. Applicants have to demonstrate to the authority that their businesses are capable of contributing considerably to the Hong Kong economy.
Additionally, applicants who wish to establish or join in a business:
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Ability to make substantial contributions to the economy of Hong Kong in consideration of applicant’s business plan, business turnover, financial resources, investment sum, number of jobs created locally and any introduction of new technology or skills
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Whereas, applicants who wish to establish or join in a start-up business:
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The applicant is a proprietor or partner of the start-up company, or a key researcher of a relevant project
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The start-up business concerned is supported by a government-backed programme with rigorous vetting and selection process
Documents Required
Basic documents to be submitted for consideration include, but not limited to:
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Completed application form
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Photocopy of applicant’s HKID, proof of academic qualifications, financial standing and recent photograph
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Detailed 2-year investment plan containing details of proposed business activities, amount of investment, creation of local job positions and etc.
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Proof of the company’s business activities, financial standing, employment contracts, tenancy agreements, documents filed with Companies Registry and etc. (if applicable)
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Letter indicating valid support by government-backed programme (if applicable)
Additional documents may be required on a case-by-case basis depending on the identity of the applicant and the nature of its business.
Apart from that, a local sponsor, either a company or an individual, is needed for the applicant’s entrepreneur visa application. Relevant documents shall be submitted as proof of sponsors.Entry of dependents
Applicants admitted for investment may bring along their spouse and unmarried dependent children under the age of 18, subject to the satisfaction of the following criteria:
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Proof of genuine relationship between the dependent and the applicant;
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No known record to the detriment of the dependent; and
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Ability of the applicant to support the dependent’s living at a standard above subsistence level and provide such dependent with suitable accommodation in Hong Kong
Approved dependents could then take up employment or education in Hong Kong with their length of stay linked to that of the applicant.
Procedures and Timeline
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Upon receipt of all documents, a period of 4 weeks is required for processing the investment visa application. Visa fee should be paid at the time of collection of the investment visa. An initial stay of 24 months will be granted if the application is approved and extension of stay is possible subject to meeting the above eligibility criteria continuously.