Heavy | Hong Kong Capital Investment Entrant Scheme re-launched with $30 million threshold!

Heavyweight!

After an absence of eight years, in the Hong Kong Government"Grabbing companies, grabbing talent."Against this background, the Capital Investment Entrant Scheme (CIES) was relaunched in Hong Kong!

The Chief Executive of the HKSAR Government, Mr. K.C. Lee, delivered his 2023 Policy Address on October 25th.

According to the content of the Hong Kong 2023 Policy Address, investment in Hong Kong in theEligible investors with assets of $30 million or more in stocks, funds, bonds, etc. (excluding real estate)In addition, the Government has introduced a new scheme, under which applicants can apply for entry into Hong Kong to enhance the development advantages of Hong Kong's asset and wealth management, financial and related professional services sectors, the details of which will be announced within this year.

Key Points of the Capital Investment Entrant Scheme 2023‍

(1) Amount of investment

▶ An investment of HK$30 million is required;

(2) Investment requirements

▶ Applicants are required to place a certain amount of assets in the local market;

(3) Type of investment

▶ Financial assets include stocks, bonds, and funds;

▶ Industries and projects conducive to the long-term development of Hong Kong, such as start-ups and venture capital enterprises; excluding property investment;

(4) Identity of persons to whom it applies

• Foreign nationals (except nationals of Afghanistan, Cuba and North Korea)
• Residents of the Macao Special Administrative Region (MSAR)
• Persons of Chinese nationality who have obtained permanent resident status in a foreign country
• Stateless persons who have acquired permanent resident status in a foreign country
• Taiwanese resident

What is the Capital Investment Entrant Scheme?

The Hong Kong Immigrant Investor Scheme (CIES), known as the Capital Investment Entrant Scheme (CIES), was launched in October 2003 during the term of office of the Chief Executive, Mr. Tung Chee-hwa, on the basis of the proposal made by the then Chief Secretary for Administration, Mr. Donald Tsang Yam-kuen, in his "Report of the Task Force on Population Policy" that we should attract high-caliber immigrants with capital, namelyA specialized immigration channel for capital investors.

The investor only needs to choose his or her investments in the different licensed asset classes to invest in.The right of abode in Hong Kong can be obtained. In brief, the applicantYou can apply for Hong Kong status as long as you invest in Hong Kong!

Compared with other talent admission schemes, investment immigration does not require the applicant to reside/work in Hong Kong. As long as the applicant uses his/her "ability to pay" and invests continuously in Hong Kong, there is no problem in renewing his/her visa and obtaining permanent residence!

Re-launching of the Capital Investment Entrant Scheme

What are the reasons for relaunching the Capital Investment Entrant Scheme this year after a lapse of eight years?

❶ Hong Kong needs businesses, talents, and high net worth individuals to drive Hong Kong's economic development.

❷ For high net worth users, Hong Kong's friendly corporate and personal taxes make it extremely attractive for investment.

❸ As the window to the world for China and even Asia, Hong Kong is at the forefront of various policies, with a well-developed welfare and education system, Hong Kong's identity will become more and more glittering!

Planning for Hong Kong Identity Advantages

01. Financial freedom

Hong Kong hasThe world's largest offshore RMB marketThe funds can be easily circulated and transferred without any restrictions. The Real Time Gross Settlement System (RTGS) supports transactions in 4 currencies.

02. Freedom of travel

Hong Kong passports canVisa-free and visa-on-arrival entry to more than 167 countries or regions.Including Canada, UK, Germany, etc. Convenient for work and travel.

03. Children's education

Available in Hong Kong15 years of free public education.High level of education.

kidDiversification of channels for further education.Apart from local universities in Hong Kong, you can also apply to famous schools in the Mainland and overseas through the DSE examination results, and you can also take the Joint Entrance Examination for Overseas Chinese Students (JEE) in the Mainland and get into famous schools in the Mainland with low scores.

04. Simple tax system and low tax rates

No inheritance tax, interest tax, capital tax, sales tax, sales tax, value-added tax, gift tax or capital gains tax, and no double taxation.

Hong Kong's corporate income tax rate is lower than that of many countries and regions, and corporateclassifier for poems, songs or similarThe tax rate on HK$2 million income is only 8.251 TP3T.The excess is 16.51 TP3T; and theThe top rate of personal salaries tax is only 17%.

05. Excellent business environment

Establishing a business is quick and easy, with low fees and a low threshold.

Well-established asset management system.The law protects private property.Free Trade Port,No foreign exchange controls and a well-developed legal system that facilitates business, education and career advancement.

If you are interested inHong Kong Immigrant Investor ProgramInterested in, or wanting to know more aboutHong Kong Identity Planningway of welcomingContact Timeless Group!