Hong Kong, a major global financial hub, offers various investment visa options that provide pathways to residency for individuals who contribute to the local economy through business activities, talents, or capital. Although the Capital Investment Entrant Scheme was suspended in 2015, other visa categories remain available for entrepreneurs, investors, and skilled individuals who wish to reside in Hong Kong.
Key Features
- Residency Pathway: Allows investors and entrepreneurs to obtain residency in Hong Kong.
- Flexible Requirements: Focuses on business contributions, talents, and skills rather than purely capital investment.
- Family Inclusion: Applicants can include their spouse and dependent children in the visa application.
- Strategic Location: Offers access to mainland China and other Asia-Pacific markets.
- Business-Friendly Environment: Low taxes, efficient regulatory environment, and robust legal system.
Detailed Overview of All Streams
- Purpose: Attracts highly skilled or talented individuals who can contribute to Hong Kong’s development.
- Eligibility:
- Points-based system evaluating factors such as age, academic qualifications, work experience, language proficiency, and family background.
- No prior job offer is required.
- Duration: Initial stay of 2 years, renewable based on continued eligibility and contributions.
- Others: Applicants must score sufficient points under the General Points Test or achieve high achievements under the Achievement-based Points Test.
- Purpose: Designed for individuals who wish to start or join a business in Hong Kong.
- Eligibility:
- Detailed business plan demonstrating the viability and potential contribution of the business to Hong Kong’s economy.
- Proof of sufficient funds to operate the business.
- The business should ideally create local employment opportunities.
- Duration: Typically 2 years initially, renewable based on business performance.
- Others: Applicants must show that their business is beneficial to the local economy.
General Eligibility Criteria
- Age: Applicants must be at least 18 years old.
- Financial Stability: Proof of sufficient financial resources to support the investment or business activities.
- No Criminal Record: Applicants must have a clean criminal record.
- Health: Good health with medical insurance coverage.
- Business/Professional Qualifications: Relevant qualifications or business experience required for the chosen stream.
Required Documents
- Valid Passport: Passport valid for at least six months beyond the application date.
- Proof of Investment or Business: Documents related to the business plan, investment amount, and economic contribution.
- Financial Statements: Evidence of financial capacity to support the investment and living expenses in Hong Kong.
- Police Clearance Certificate: Issued by the applicant’s country of residence or origin.
- Health Insurance: Proof of comprehensive health insurance for the applicant and family members.
- Educational and Professional Qualifications: Certificates, diplomas, or degrees relevant to the application.
Application Process
- Choose the Appropriate Stream: Select the investment visa category that aligns with your goals.
- Prepare Documentation: Gather all necessary documents, including proof of business plans, investments, financial statements, and personal identification.
- Submit Application: Submit the application to the Hong Kong Immigration Department, either online or through a consulate.
- Undergo Background Checks: The authorities will conduct background checks and review the financial and business plans.
- Await Approval: The processing time varies depending on the visa type and complexity of the application.
- Receive Visa: Once approved, receive the visa and make arrangements to move to Hong Kong.
Cost (Approximate)
| Visa Type | Application Fees | Additional Costs (Legal, Admin, etc.) |
|---|---|---|
| Quality Migrant Admission Scheme (QMAS) | HKD 1,890 | HKD 5,000 – HKD 10,000 |
| Business Investment Visa (Entrepreneur Visa) | HKD 1,890 | HKD 10,000 – HKD 20,000 |
Visa Processing Time (Approximate)
| Visa Type | Processing Time |
|---|---|
| Quality Migrant Admission Scheme (QMAS) | 6-9 months |
| Business Investment Visa (Entrepreneur Visa) | 4-6 months |
Key Points to Remember
- No Job Offer Needed for QMAS: Unlike other work visas, QMAS does not require a prior job offer.
- Business Performance is Crucial: For the Entrepreneur Visa, ongoing residency is contingent on the business’s success and contribution to Hong Kong’s economy.
- Family Inclusion: Both QMAS and the Business Investment Visa allow for family members to be included in the application.
Conclusion
Hong Kong’s investment visas offer an excellent opportunity for skilled individuals and entrepreneurs to establish themselves in one of the world’s most dynamic economies. The Quality Migrant Admission Scheme and Business Investment Visa are tailored to attract talent and foster economic growth, making Hong Kong an attractive destination for investors. With a streamlined application process and the potential for long-term residency, these visas provide a gateway to Hong Kong’s robust business environment and strategic location in Asia.
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