NEW INVESTMENT SCHEME LAUNCHED

The new Capital Investment Entrant Scheme is open for application starting today, the Government announced.

It explained that an eligible applicant must make investment of a minimum of $30 million in the permissible investment assets. What’s more, successful applicants may bring their spouses and unmarried dependent children aged under 18 to Hong Kong.

Permission to stay in the city will normally be granted to them for two years. Upon expiry of the two-year period, they may apply for an extension of stay for three years, and may subsequently apply for further extensions of stay for three years.

Upon a period of continuous ordinary residence of not less than seven years, they may apply to become Hong Kong permanent residents in accordance with the law.

Secretary for Financial Services & the Treasury Christopher Hui said following the announcement of the scheme details in December 2023, a multitude of briefing sessions have been conducted for financial intermediaries, members of the Network of Family Office Service Providers, and international business associations.

“These sessions have garnered considerable interest from high-net-worth individuals worldwide, including those from the Middle East, Southeast Asia and beyond.

“An early launch of the scheme demonstrates the Government’s commitment to strengthening the development of asset and wealth management business, financial services and related professional services, as well as driving the high-quality development in Hong Kong.”

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