Hong Kong

About Hong Kong Citizenship and Residency

Hong Kong does not have a citizenship by investment program it does offer various routes to residency for talents, professionals, and entrepreneurs. Hong Kong offers several categories of employment and investment. A Permanent Residency Visa can be granted after 7 years of residency in Hong Kong. After 7 years of continuous residency, you may be eligible for permanent residency, provided that you have paid taxes in each year and direct dependents may be included.

Investment Options

• The Capital Investment Entrant Scheme (introduced by Immigration Department in 2003 for passive investors who are ready to invest in permissible assets, except real estate). The investor must be aged 18 or above when applying for entry under the Scheme and have net assets of not less than HK$ 10,000,000 (which makes approximately USD 1,283,000) to which he is beneficially entitled throughout the two years preceding his application. As a result of the program investor and his family get Temporary Residence for 2 years in Hongkong. Permanent Residency is possible after 7 years of residence in Hongkong is temporary residence status. But this scheme is closed since 2014.

• Business Investment Visa (for active entrepreneurs). To qualify a foreign entrepreneur must be able to demonstrate to the Immigration Department that a company will be incorporated, local jobs will be created through the implementation of the investment activities, that local vendors and suppliers will be utilized in the planned commercial activities, that the overall industry within which the investment activities are undertaken will be advantaged. As a result of the programming entrepreneur and his family get Temporary Residence for 1 year in Hongkong. After one year of successful business renewal, 2 more years are possible.

Factors Needed to Determine Eligibility

• Business plan: A two-year business plan stating the nature of the business, market analysis, market positioning, business direction, sales targets, and product marketing strategy. Two-year forecast of the profit and loss account statement, cash flow statement, and balance sheet to demonstrate the feasibility of the business in terms of operation, finances, and development.
• Business Turnover: In the case of running a relevant business overseas or having joined a business in Hongkong, the profit and loss account statement and balance sheet submission, show the business turnover and profit in the previous year.
• Financial Resources: Statements of personal and company bank accounts in the previous year and proof of other sources of funding, as well as the company’s latest audited financial report to also support the smooth operation and sustainable growth of the business.
• Investment Sum: Proof of the amount of capital investment in Hong Kong.
• Numbers of jobs created locally.

Eligibility Criteria

• You should not have any criminal records or security objections.
• You must possess a good educational background. Normally it is preferable to have at least an undergraduate degree in the relevant field. However, in the absence of such a degree, documentary evidence of good technical qualifications, relevant professional abilities, achievements, and experience may suffice.
• You must prove that you will make a substantial contribution to the economy of Hong Kong by demonstrating that your business will create jobs for the local workforce, that you will utilize the services of local service providers, suppliers, and manufacturers, and that you will be able to make a significant contribution in the specific market that you are entering into.
• You are required to incorporate your Hongkong company before applying for the entrepreneur visa.

Benefits Of Hong Kong Residency By Investment Program

• Economic and political stability, strategic location, and major financial trading center
• Well-established legal system, based on English common law and transparent regulations
• Premier gateway for trade and investment into and out of mainland china
• Freest economy in the world
• No restriction on capital flows into and out of Hongkong
• 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 business

Hong Kong Residency Requirements And Qualifications

Requirements

• Business Plan
• Hong Kong Sponsor
• Proof of company’s business activities
• Tenancy agreements/supporting documents on office set-up
• Business Registration Certificate
• Certificate of incorporation (if applicable)
• Letter indicating valid support of government-backed program

Steps And Timeline

Step 1: Gather all the documents apart from the Hongkong visa application form, you also need to attach a copy of the passport’s page. A copy of your valid travel document if you are staying in Hong Kong currently.

Step 2: Submit the application form to the Immigration Department of Hong Kong by post. The Hong Kong authorities will notify you within 3 to 5 months.

Step 3: If your application is approved, you will get the visa. Collect it at the Hongkong Immigration Department. The visa will act as a license that will permit you to enter Hongkong. If your application is rejected, you have the option to appeal to reconsider your application.

Our Services

Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:

• Find the best solution for your needs.
• Identify and deploy a strategy to help you accomplish your goals.
• Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass the guidelines and principles of privacy we stand for.
• Focus on cutting through the red tape and expediting your process.
• Provide proper communication with you about your case.
  …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

Privacy World can also help you with incorporating your company in Hongkong, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.

Want Privacy World to handle your case? Have any questions? Contact us!

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