China News Service, Hong Kong, April 9 (Xinhua) The Hong Kong SAR Government's Investment Promotion Department stated on the 9th that the "New Capital Investor Entry Scheme" has received double-digit applications and more than 1,600 inquiries since its launch on March 1, reflecting a high number of applications. Net worth individuals have full confidence in Hong Kong.
The department pointed out that the applications received came from high-net-worth individuals in different regions; about 70% of the inquiries came from professional service providers. The inquiry content mainly included application procedures, application qualifications and permitted investment assets.
Director of Investment Promotion Liu Kaixuan said that he was very pleased to see that the "New Capital Investor Entry Scheme" has received good response since its launch, which reflects that high-net-worth individuals are confident in Hong Kong's business environment and are interested in Hong Kong's diversified investments. Interested in opportunities. The SAR Government will continue to introduce measures to further enhance Hong Kong's competitiveness as an asset and wealth management hub, making the scheme more attractive.
According to the provisions of the "New Capital Investor Entry Scheme", Invest Hong Kong is responsible for reviewing whether the application meets the relevant financial requirements, and the Immigration Department is responsible for approving applications for visas/entry permits and extension of stay.
Eligible applicants are required to invest at least HK$30 million in permitted investment assets. Approved applicants can come to Hong Kong with their dependents (including their spouse and unmarried and dependent children under the age of 18). Generally, they are allowed to stay in Hong Kong for two years. After the expiration, they can apply to extend their stay for three years. Thereafter, you can apply to extend your stay for another three years at the end of each three-year period. If they have ordinarily resided in Hong Kong continuously for not less than seven years, they may apply to become Hong Kong permanent residents in accordance with the law. (over)