Introduction: Hong Kong as a Global Gateway
Hong Kong has long been regarded as one of the world’s most dynamic international business hubs. With its strategic location at the heart of Asia, robust legal system, low taxation, and open market policies, the city continues to attract investors and entrepreneurs from across the globe.
For individuals seeking to establish a presence in Hong Kong, two key visa pathways stand out:
- The New Capital Investment Entrant Scheme (New CIES) – designed for investors who wish to obtain residency through capital investment.
- The Investment as Entrepreneurs Visa – tailored for individuals who plan to actively establish or join a business in Hong Kong.
This article provides a detailed overview of both schemes, highlighting eligibility requirements, application procedures, benefits, and key considerations. Whether you are a passive investor or an active entrepreneur, understanding these visa options is essential for making informed decisions about your future in Hong Kong.
Part 1: The New Capital Investment Entrant Scheme (New CIES)
What is the New CIES?
The New Capital Investment Entrant Scheme (New CIES) was introduced to attract capital inflows into Hong Kong. Unlike traditional work visas, the New CIES does not require applicants to establish or operate a business. Instead, applicants qualify by making prescribed investments in approved asset classes.
This scheme is particularly appealing to high-net-worth individuals who prefer a passive investment route to residency.
Eligibility Criteria
Applicants must meet several requirements to qualify under the New CIES:
- Net Asset Requirement: Applicants must demonstrate ownership of net assets meeting the minimum threshold set by the Immigration Department.
- Qualifying Investments: Investments must be made in approved asset categories such as securities, bonds, or other financial instruments.
- Dependants: Spouse and unmarried children under 18 may be included in the application.
Application Procedures
The application process involves:
- Submission of the application form to the Immigration Department.
- Provision of supporting documents, including proof of net assets, investment portfolio details, and identity documents.
- Review and approval by the Immigration Department, subject to compliance with scheme requirements.
Conditions of Stay
Successful applicants are granted permission to stay in Hong Kong, provided they maintain their investment portfolio. The scheme does not automatically confer the Right of Abode; applicants must meet long-term residency requirements to qualify for permanent status.
Extension of Stay
Applicants may apply for extensions if they continue to meet investment and portfolio requirements. Regular reviews ensure compliance with scheme rules.
Benefits of the New CIES
- Residency through investment without the need to actively manage a business.
- Family inclusion, allowing dependants to reside in Hong Kong.
- Access to Hong Kong’s world-class financial markets and international connectivity.
Risks & Considerations
- Market Risk: Investments are subject to market fluctuations.
- Compliance Risk: Failure to maintain required assets may jeopardize residency status.
- Documentation: Incomplete or inaccurate submissions may result in delays or rejection.
Part 2: Investment as Entrepreneurs Visa
What is the Investment as Entrepreneurs Visa?
The Investment as Entrepreneurs Visa is designed for foreign nationals who wish to establish or join a business in Hong Kong. Unlike the New CIES, this visa requires active participation in business operations.
It is particularly suitable for entrepreneurs, start-up founders, and professionals seeking to contribute to Hong Kong’s economy through innovation and enterprise.
Eligibility Criteria
Applicants must demonstrate:
- Education or Experience: A good educational background or proven professional experience.
- Business Plan: A viable business plan that benefits Hong Kong’s economy.
- Financial Resources: Sufficient funds to support the business.
- Exclusions: Mainland Chinese residents are generally not eligible, except under specific circumstances.
Application Procedures
The application process involves:
- Submission of the application form to the Immigration Department.
- Provision of a detailed business plan, company registration documents, proof of qualifications, and identity documents.
- Review and approval based on the business’s potential contribution to Hong Kong.
Conditions of Stay
Applicants must actively engage in the business they establish or join. Permission to stay is tied to the success and continuation of the business.
Extension of Stay
Extensions are possible if the applicant continues to meet business and financial requirements. Immigration authorities review the business’s contribution to Hong Kong, including local employment and economic impact.
Benefits of the Investment as Entrepreneurs Visa
- Active business involvement, allowing applicants to directly contribute to Hong Kong’s economy.
- Residency tied to entrepreneurship, offering opportunities for growth and expansion.
- Family inclusion, enabling dependants to reside in Hong Kong.
Risks & Considerations
- Business Risk: Success depends on the viability of the business.
- Operational Compliance: Applicants must maintain active involvement in the business.
- Documentation: Accurate and complete submissions are essential for approval.
Part 3: Comparing the Two Schemes
Aspect | New CIES | Investment as Entrepreneurs |
Focus | Passive capital investment | Active business establishment/joining |
Eligibility | Net asset & qualifying investment portfolio | Education/experience + viable business plan |
Dependants | Spouse & children under 18 | Same |
Conditions of Stay | Maintain investment portfolio | Actively run/join business |
Risk | Market fluctuations | Business viability & compliance |
Outcome | Residency tied to investment | Residency tied to business success |
Part 4: Case Studies & Scenarios
Case Study 1: The Passive Investor
Mr. Chan, a high-net-worth individual, chooses the New CIES to diversify his portfolio. By investing in Hong Kong’s securities market, he secures residency for himself and his family without the need to manage a business.
Case Study 2: The Tech Entrepreneur
Ms. Smith, a fintech founder, applies for the Investment as Entrepreneurs Visa. Her business plan outlines a new payment solution for Hong Kong SMEs. With sufficient funding and a strong team, she secures approval and builds her company in Hong Kong’s thriving start-up ecosystem.
Part 5: Practical Guidance
Common Mistakes to Avoid
- Submitting incomplete documentation.
- Failing to demonstrate sufficient financial resources.
- Weak or unrealistic business plans.
Tips for Strengthening Applications
- Engage professional advisors for documentation.
- Highlight contributions to Hong Kong’s economy (e.g., job creation).
- Maintain transparency and compliance throughout the process.
Part 6: Forward-Looking Insights
Hong Kong’s investment visa schemes reflect its commitment to attracting both capital and talent. While the New CIES strengthens financial inflows, the Investment as Entrepreneurs Visa fosters innovation and business growth. Together, they position Hong Kong as a gateway to Asia and a global hub for investment and entrepreneurship.
Conclusion
Hong Kong offers two distinct visa pathways for investors and entrepreneurs: the New Capital Investment Entrant Scheme (New CIES) and the Investment as Entrepreneurs Visa. Both schemes provide opportunities for residency, but they cater to different applicant profiles.
- The New CIES is ideal for high-net-worth individuals seeking a passive investment route.
- The Investment as Entrepreneurs Visa is suited for entrepreneurs who wish to actively contribute to Hong Kong’s economy.
By understanding the requirements, benefits, and risks of each scheme, applicants can make informed decisions that align with their personal and professional goals.