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Hadley Says

The 4 Essential Aspects of a Capital Investment Entrant Scheme Visa Application Approval

November 1st, 2012

Posted in Hadley Says…, Investment Visas, The Hong Kong Visa Geeza /


 

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If you’re applying for a visa under the Capital Investment Entrant Scheme, it is vitally important that four specific issues be addressed positively before you submit your application.

Firstly, you need to have a minimum of ten million Hong Kong dollars to lock into certain Hong Kong dollar denominated permissible investment asset classes which, at this time, specifically EXCLUDES Hong Kong real estate.

Secondly, you must be able to show that you have beneficially owned the funds to be invested into the Scheme for a minimum of 24 months immediately prior to submitting your application – so you need to take care in your calculations if some of these funds have been held in joint accounts with other people such as your spouse.

Thirdly, in addition to the funds to be invested, you need to show that you have further funds, over and above the 10 million, which you can use to live while you get settled in the HKSAR.

Finally, you must be free of a criminal record involving serious crime.

Depending on the timing of your actual investment, either before or after you decide to participate in the Scheme, you can expect your application to take between 4 and 7 months to finalise.

Be aware, however, that once you have your Capital Investment Entrant Scheme visa endorsed in your passport, your money is locked into Hong Kong if you wish to maintain your status.

But your immigration prize is effectively unlimited permissions to work, study, join in a business or indeed any other activity in Hong Kong – just so long as its legal!

More Stuff You May Find Interesting

Unconditional stay vs. right of abode after 7 years residence in Hong Kong under a CIES visa

Can I swap from a dependant visa to a capital investment entrant scheme visa in Hong Kong?

Is the Hong Kong capital investment entrant scheme actually fit for purpose?

The 10 key reasons why foreigners seek visas to live and work in Hong Kong

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The Hong Kong Visa Geeza (a.k.a Stephen Barnes) is a co-founder of the Hong Kong Visa Centre and author of the Hong Kong Visa Handbook. A law graduate of the London School of Economics, Stephen has been practicing Hong Kong immigration since 1993 and is widely acknowledged as the leading authority on business immigration matters here for the last 24 years.

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