The New Capital Investment Entrant Scheme - Invest, Migrate to Hong Kong
The New Capital Investment Entrant Scheme (New CIES) is a program launched by the Hong Kong government to attract high-net-worth individuals to invest in the city and obtain residency rights. Here's a breakdown of the scheme:
Eligibility:
Eligible applicants must make a minimum investment of HK$30 million in permissible assets in Hong Kong.
Permissible assets include:
Equities
Debt securities
Certificates of deposit (up to HK$3 million)
Subordinated debt
Eligible collective investment schemes
Limited partnership funds
Non-residential real estate (up to HK$10 million)
Benefits:
Successful applicants can bring their spouse and unmarried dependent children under the age of 18 to Hong Kong.
After seven years of continuous ordinary residence in Hong Kong, applicants may apply for permanent residency.
Application Process:
Assessment of Financial Assets and Investment: Invest Hong Kong assesses the applicant's financial assets and investment to ensure compliance with the scheme's requirements.
Visa/Entry Permit Application: The Immigration Department assesses the applicant's visa/entry permit application and may grant a visa for up to 180 days to complete the investment.
Extension of Stay and Unconditional Stay: After fulfilling the investment requirements, the applicant can apply for an extension of stay and, eventually, unconditional stay in Hong Kong.
Important Notes:
The Capital Investment Entrant Scheme, which was previously in place, has been suspended since 2015.
The New CIES was launched on March 1, 2024, and is open for applications.
The Hong Kong government aims to use this scheme to attract more capital and talent to the city, strengthening its position as a global financial hub.
Additional Resources:
New Capital Investment Entrant Scheme: https://www.info.gov.hk/gia/general/202403/01/P2024022900797.htm
Capital Investment Entrant Scheme: https://www.immd.gov.hk/eng/services/visas/capital_investment_entrant_scheme.html
The New Capital Investment Entrant Scheme: https://www.bestar-hk.com/post/the-new-capital-investment-entrant-scheme
New Capital Investment Entrant Scheme | Hong Kong: a Leading Hub for Family Offices: https://www.familyofficehk.gov.hk/en/new-capital-investment-entrant-scheme/index.html
How Bestar can Help
The New Capital Investment Entrant Scheme - Invest, Migrate to Hong Kong
Bestar can provide valuable assistance to individuals interested in applying for the New Capital Investment Entrant Scheme (New CIES) in Hong Kong. Here's how:
1. Financial and Tax Planning:
Tax Optimization: Bestar can help you structure your investments to minimize tax liabilities and optimize your overall financial position.
Financial Planning: They can provide comprehensive financial planning services, including estate planning, and retirement planning, to secure your financial future.
2. Company Formation and Management:
Company Incorporation: If you plan to establish a business in Hong Kong, Bestar can assist with company incorporation, ensuring compliance with all legal and regulatory requirements.
Corporate Secretarial Services: We can provide ongoing corporate secretarial services, including maintaining company records, filing annual returns, and ensuring compliance with Hong Kong's corporate governance standards.
3. Immigration and Visa Services:
Visa Application: Bestar can provide guidance and support throughout the visa application process, ensuring that all necessary documents are prepared and submitted correctly.
Immigration Compliance: We can help you understand and comply with Hong Kong's immigration regulations, including requirements for residency and permanent residency.
4. Due Diligence and Risk Management:
Due Diligence: Bestar can conduct thorough due diligence investigations on potential investment opportunities to identify and mitigate risks.
Risk Management: We can help you develop effective risk management strategies to protect your investments and minimize potential losses.
By leveraging Bestar's expertise, you can increase your chances of a successful application for the New CIES and ensure smooth compliance with all relevant regulations.
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