The New Capital Investment Entrant Scheme (the Scheme) is open for application on March 1.
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.
An eligible applicant must make investment of a minimum of HK$30 million in the permissible investment assets. A successful applicant may bring dependants (including spouse and unmarried dependent children aged under 18) to Hong Kong. Permission to stay 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. They may, upon a period of continuous ordinary residence in Hong Kong of not less than seven years, apply to become Hong Kong permanent residents in accordance with the law.
Invest Hong Kong is responsible for assessing whether the applications fulfill the financial requirements under the Scheme, and Immigration Department is responsible for assessing the applications for visa/entry permit and extension of stay, etc.
Details you may refer to the press release on the new CIES dated 1 Mar 2024 and the new CIES website.
