Identity Planning | Hong Kong's "Talent Grabbing" has achieved remarkable results, with more than 75,000 applicants approved!

Last year, the Chief Executive of Hong Kong, Mr. K.C. Lee, put forward the objective of "grabbing talents" in his Policy Address, that is, between 2023 and 2025.At least 35,000 talents are imported annually through various talent programs.

In a recent interview, the Secretary for Labor and Welfare, Mr. Suen Yuk-han, revealed that as of the end of July, the various measures to attract talents have received a total of120,000 applicationswhichOver 75,000 applicationsIt has been approved and hasOver 38,000 applicantsIt has arrived in Hong Kong.

The fact that the target of importing at least 35 000 talents for the whole year has been exceeded in just seven months can show that Hong Kong has a strong attraction to talents from all over the world.

How effective is the Hong Kong Talent Admission Scheme?

As at the end of July this year, a total of more than 120 000 applications have been received under various talent admission schemes in Hong Kong, of which 75 000 have been approved.

In the first half of this year, the number of approvals for the admission of talents in Hong Kong was 61 000, or a monthly average of 10 167 cases. However, in July alone, there were14,000 casesApproved, up from the first half average37.7%!

Three of the most important ones.Highly Talented Person Scheme, Merit Scheme, Specialized Talent SchemeThe number of approved copies accounted for 52,000 or more than 85%.

In particular, the Highly Selective Placement Scheme, with 36,500 applications and 26,000 approvals, has the highest approval rate, with applicantsNearly 951 TP3T are from the Mainland.

The figures not only show that the HKSAR Government is eager and welcoming to talents, but also demonstrate that theMainland elites favor and identify with the Hong Kong identity.In recent years, more and more mainland entrepreneurs, outstanding talents and so on have been planning for Hong Kong status.

Why Hong Kong Identity is highly sought after by Mainland elites? What is the appeal of Hong Kong Identity?

Low tax rates & simple tax system

Hong Kong has a simple tax system with low tax rates.

Its main direct taxes are: Profits Tax (Corporate Income Tax), Salaries Tax (Individual Income Tax), Property Tax, and there is no VAT or Sales Tax.

Hong Kong's corporate income tax rate is low, with the first HK$2 million of income taxed at8.25%The excess is16.5%, while the Mainland's corporate income tax rate is 25%.

The top rate of Hong Kong's personal income tax is15%The maximum personal income tax rate for the Mainland is45%The

Advantages for children's education

Hong Kong is known for itsHigh-quality education systemIt is renowned for having world-class universities and academic institutions that offer a diverse selection of programs and advanced teaching methods.

In addition, students with Hong Kong status have numerous advantages in pursuing further studies.

★Apply without IELTS with HK DSE resultsMore than 300 colleges and universities in the United Kingdom, the United States, Australia, Canada and other countries(Including world-renowned universities such as Oxford and Cambridge).

★With HK DSE results.Exempted from applying to 132 higher education institutions in Mainland China(Including famous schools such as Peking University, Tsinghua University and Fudan University).

★ When applying to the top eight universities in Hong Kong such as the University of Hong Kong, the Chinese University of Hong Kong, and the Hong Kong University of Science and Technology.There is a definite advantage to be had.

★ May take the Joint Entrance Examination for Overseas Chinese Students in the Mainland.Low scores for enrollment in the country's top schools.

High Quality of Life Guarantee

Hong Kong is committed to safeguarding the social welfare of its citizens and providing generous welfare benefits to Hong Kong residents.

★ A comprehensive social security system

Hong Kong has established a comprehensive social security system, including pensions, unemployment insurance and housing subsidies, providing Hong Kong residents with a sound and stable social security network.

★Developed medical system

Hong Kong has a well-developed health care system which provides Hong Kong residents with high quality health care services, and a universal health care system is in place to safeguard the health rights and interests of the residents.

Accessibility

Upon obtaining a permanent identity card, Hong Kong identity applicants can apply for a Hong Kong Special Administrative Region passport and enjoy visa-free access to a number of countries.

HKSAR passport holders canVisa-free access to 168 countries and territories worldwide.These include developed countries in Europe and the United States such as the United Kingdom, Canada, Italy, France, etc. You can travel the world and easily enter Europe and the United States and other countries to study.

Beyond that.Canada, New Zealand and other Commonwealth membersHong Kong citizens will also be givenVery liberal immigration conditions.

Hong Kong status inTax policy, children's education, social welfarecap (a poem)Worldwide TravelIt has multiple advantages, such as attracting the favor of many mainland elites.

These advantages not only provide mainland elites with broader room for development, but also guarantee them a better quality of life.

If you are interested in planning your Hong Kong identity, please feel free to contact us!