Unlocking Permanent Residency: Hong Kong’s New Capital Investment Entrant Scheme

Hong Kong is now offering a compelling path to permanent residency for wealthy individuals through the relaunched New Capital Investment Entrant Scheme (CIES).

This program, reintroduced in the 2023-24 budget, targets affluent investors willing to contribute to the city’s vibrant financial landscape. It is worth noting here that Hong Kong launched the Capital Investment Entrant Scheme in 2003 which has been suspended since January 15, 2015.

Capital Investment Entrant Scheme (CIES)

The Capital Investment Entrant Scheme (CIES) is Hong Kong’s program offering permanent residency to wealthy investors. By investing HK$30 million in approved assets (stocks, funds, bonds), individuals can gain a two-year stay, renewable for up to seven years. After that, they can apply for permanent residency in this bustling Asian metropolis.

A Pathway to Permanent Residency

As part of Hong Kong’s strategy to attract global talent and investment, the New Capital Investment Entrant Scheme provides a clear route to securing permanent residency status.

Minimum Investment Requirements

1. Financial Strength: Under the New Capital Investment Entrant Scheme, applicants must commit a minimum investment of HK$30 million in approved assets, excluding real estate.

2. Net Asset Verification: Contact the New CIES Office to verify your net assets meet the requirement. They will issue a certificate upon successful verification.

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Family Settlement Opportunities

One of the key attractions of the scheme is the provision for bringing dependents, including spouses and unmarried children under 18, to Hong Kong.

With the possibility of extending residency for up to three years at a time, families can envisage a stable and secure future in the bustling metropolis.

Navigating the Application Process

Prospective applicants are required to liaise with the New Capital Investment Entrant Scheme Office to verify their compliance with the net asset requirement before proceeding with the application. Once confirmed, applicants can submit their entry application to the Director of Immigration for further assessment.

• Immigration Application: With the certificate, submit a formal entry application to the Immigration Department.
• Immigration Department Review: The department handles visa, entry permit, extension of stay, and permanent residency applications under the CIES scheme.

Must Read: Hong Kong Expands Visa Options for Foreign Workers and Investors

Promoting Growth and Prosperity

The New Capital Investment Entrant Scheme has garnered significant interest since its inception, with a surge in applications and inquiries recorded by Invest Hong Kong.

As individuals seek clarity on application procedures and investment opportunities, Hong Kong reaffirms its position as a global hub for business and innovation.

Conclusion

This program provides a clear path to permanent residency in Hong Kong for qualified investors. By contributing to the city’s financial sector, individuals can gain residency and establish themselves in this dynamic Asian hub.