All About Hong Kong Capital Investment Entrance Scheme

All About Hong Kong Capital Investment Entrance Scheme

Back in 2003, the government of Hong Kong introduced the Capital Investment Entrant Scheme. The scheme’s main objective is to facilitate the entry for basic residency by the capital investment entrants who are eligible to make the capital investment in Hong Kong through the permissible investment asset classes; however, it should be engaged in the running of the business there. This scheme is applicable to foreign nationals except for nationals of Afghanistan, Cuba, and the Democratic Republic of Korea. Following are the crucial points that you should know about the Hong Kong Capital Investment Entrant Scheme:

The eligibility criteria

Anyone who wants to apply for the above scheme must be eligible under certain criteria, some of which are:

• • You should be 18 years old or above when applying for entry under the above-mentioned scheme.
  • You must have assets of not less than HK$10 million to which the person is fully eligible to be entitled through two years preceding the application.
  • You must invest within six months before you apply for submission to the immigration department.
  • You must not hold any adverse record in Hong Kong or any other country or region.
  • You should be able to demonstrate that you are capable of supporting and accommodating yourself.

Permissible investment asset classes

A list lets you know what all fall under permissible investment asset classes: equities, debt securities denominated in Hong Kong dollars, certificates of deposits denominated in Hong Kong dollars, subordinated debt denominated in Hong Kong dollars, and also eligible collective investment schemes. Only if you cover these permissible investment asset classes can you apply for the scheme mentioned.

Duration of capital investment entrance

Every scheme and process has a certain time duration given to the applicant; likewise, upon approval in principle, the applicant for the mentioned scheme can enter Hong Kong only as a visitor for three months. You may also get an extension of additional three months only based on your proof of the progress of the investment. After submitting the proof of investment, the applicant will receive permission to stay there for two years. The stay in total can be extended only twice for two years, subject to the continual fulfillment of the investment that is required.

Valid documentation and fee for the scheme

You would need to present certain documents at the time of your application submission and otherwise. Some of the key documents are valid documents to travel, Hong Kong identity cards, completed and signed forms, proof of ownership of the invested asset, and a few other documents. You must possess all the valid documents for an easy stay without hassle. The entrant scheme has fees: the visa fee is HK$160, the entry permit fee is HK$160, and the extension stay fee is HK$160.

Entry of the dependants

The entrants are allowed to bring in their dependents. The entrant must be capable of supporting and accommodating their dependants on their own without relying on the permissible investment assets or employment or public assistance in Hong Kong. The entry also depends on the other policy that applies to the entry at the time of application. To avoid any doubts, you must know that only terms such as civil partnership and civil union mean a relationship is spousal. Children who fall under the age of 18 also fit under this category and can enter Hong Kong as dependents.

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