Hong Kong: The residency by investment scheme that can offer you the world
What a time to change our lifestyle, in a globalising society following the COVID-19 pandemic, people are starting to consider options to swap their current place of residence for another one that also helps improve their health.
That’s why we are bringing you to Hong Kong, a country that not only have its culture to offer, but also a lot of positive aspects to be positioned on the immigrants' heads.
Before introducing you to all the information related to Hong Kong, if you are considering options for citizenship or residency by investment programs, contact us!. Our specialized team can help you with all your concerns. Click here.
This beautiful territory, surrounded by the South China Sea, has economic and political stability, a well established legal system, 0% restrictions on capital flows into and out of Hong Kong, a really favorable taxation system, convertible and stable currency (linked to USD dollars), among other interesting topics…
So, why does HK attract investment?
Well, we know that you are asking yourself; why with so many benefits does this country have to “ask” for external investment? The answer is easy: Competition. A lot of its neighboring countries have similar options and benefits but you are going to love HK for their programs for residency by investment.
How do they work?
In HK you have three options .
1- The Quality Migrant Admission Scheme, which aims to attract highly skilled or talented persons who will settle in Hong Kong in order to enhance its economy, except nationals of Afghanistan, Cuba, Laos, Korea (Democratic People’s Republic of), Nepal, and Vietnam
2- The General Employment Policy, which sets out the entry requirements for persons who wish to enter or stay in the HKSAR for professional employment
3- 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 entrepeneurs under the General Employment Policy.
How do i proceed with the scheme?
In order to obtain any of the 3 visas mentioned above, the application forms and documents that concern the applicant must be submitted.
When the immigration department receives all the documents, it usually takes four to eight months to process the applications.
The approval of them is under full government responsibility, making it clear that the director of immigration can reject it even if everything is presented in order and the election criteria are met.
Those who are selected are only granted a visa of up to 24 months, in which applicants can apply to extend their stay in the HKSAR before their stay limit expires. Such applications will only be considered if applicants continue to meet the eligibility criteria under investment entry, the QMAS or the General Employment Policy.
So, if you are interested in finding out more about Hong Kong residency by investment program and its opportunities to develop business, contact us today! Below this article you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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