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5 Investment- and Skills-Based Paths to Residency in Hong Kong · IMI Podcasts

• 0:00
  SPEAKER_00: As Hong Kong's new capital investment entrance scheme, also known as CIES, garners more interest, the city's immigration framework becomes more complex.
• 0:11
  SPEAKER_00: In light of these developments, potential applicants face an increasingly complex decision-making process when considering immigration routes to Hong Kong.
• 0:19
  SPEAKER_00: Understanding the nuances of each option is crucial when weighing various factors such as ease of application, processing time, financial requirements, and the likelihood of achieving permanent residency.
• 0:32
  SPEAKER_00: This article provides a detailed comparison and ranking of the five primary work-based and investment immigration routes available in Hong Kong, including the revitalized CIES.
• 0:43
  SPEAKER_00: Whether you're a seasoned entrepreneur, a top-tier professional, or an investor looking to capitalize on the new CIES, this guide will help you navigate the intricate landscape of Hong Kong's immigration system.
• 0:55
  SPEAKER_00: There are different types of routes.
• 0:57
  SPEAKER_00: First is the Quality Migrant Admission Scheme, also known as QMAS.
• 1:03
  SPEAKER_00: This has a processing time of 9 to 12 months.
• 1:06
  SPEAKER_00: Its range of difficulty of obtaining is five.
• 1:09
  SPEAKER_00: Points-based system deems eligibility, maximum of 245 points, passing mark of 80.
• 1:15
  SPEAKER_00: No prior job offer is needed.
• 1:18
  SPEAKER_00: And the visa must be renewed every three years, then another three years plus two years, QMAS is highly competitive, requiring applicants to score well on various factors, including age, education, and work experience.
• 1:33
  SPEAKER_00: The achievement-based points test is particularly challenging, targeting those with exceptional talents or international recognition.
• 1:41
  SPEAKER_00: Due to its high threshold and rigorous selection process, QMAS is considered the most challenging route.
• 1:48
  SPEAKER_00: Second is the investment as entrepreneurs.
• 1:51
  SPEAKER_00: Its processing time takes six to eight months.
• 1:54
  SPEAKER_00: Its range of difficulty is also five.
• 1:57
  SPEAKER_00: These are the following requirements.
• 1:59
  SPEAKER_00: Applicants must prepare a detailed business plan, register a Hong Kong company, and invest substantial capital in a business that actively employs local residents.
• 2:10
  SPEAKER_00: Visa renewal is also every three years, then another three years plus two years.
• 2:16
  SPEAKER_00: This route is ideal for seasoned entrepreneurs willing to invest significantly in Hong Kong's economy.
• 2:21
  SPEAKER_00: It involves considerable financial risk and requires ongoing business success to maintain the visa, making it a challenging yet rewarding path.
• 2:30
  SPEAKER_00: There's also the new capital investment entrance scheme, also known as New CIES.
• 2:37
  SPEAKER_00: Processing time takes six to nine months.
• 2:39
  SPEAKER_00: Its range of difficulty is four.
• 2:42
  SPEAKER_00: It's required that applicants invest at least 30 million Hong Kong doll in permissible assets over the last two years.
• 2:49
  SPEAKER_00: Visa renewal is every two years, then another three years plus two years.
• 2:54
  SPEAKER_00: New CIES is excellent for high net worth individuals who can prove substantial financial assets.
• 3:00
  SPEAKER_00: While the financial threshold is high, operational requirements are less complex compared to the entrepreneur route.
• 3:07
  SPEAKER_00: However, it remains stringent due to the significant financial commitment.
• 3:11
  SPEAKER_00: Fourth, we have the top talent pass scheme, referred to as TTPS.
• 3:18
  SPEAKER_00: Processing time is one to two months.
• 3:21
  SPEAKER_00: Range of difficulty is four.
• 3:24
  SPEAKER_00: It is required that individuals have an annual income of at least 2.5 million Hong Kong dollars or graduates from top universities with significant work experience.
• 3:34
  SPEAKER_00: Its visa renewal is two years, then another three years plus two years.
• 3:40
  SPEAKER_00: TTPS is relatively more straightforward for highly qualified professionals with a strong educational background and high income.
• 3:48
  SPEAKER_00: The scheme is competitive, especially in category A, but the fast processing time makes it attractive for top talent looking to relocate quickly.
• 3:57
  SPEAKER_00: Lastly is the general employment policy, also known as GEP.
• 4:02
  SPEAKER_00: Processing time takes two to four months.
• 4:05
  SPEAKER_00: Its range of difficulty is three.
• 4:07
  SPEAKER_00: Applicants must have a confirmed job offer in a field relevant to the applicant's qualifications and experience, with a salary package that meets local professional standards as an eligibility for this visa.
• 4:19
  SPEAKER_00: Its visa renewal is every three years, then another three years plus two years, or every three years, then another five years for high earners.
• 4:28
  SPEAKER_00: GEP is a standard route for skilled professionals, particularly those already secured employment in Hong Kong.
• 4:35
  SPEAKER_00: It's less demanding than TTPS, but requires a suitable job offer and proof of qualifications.
• 4:41
  SPEAKER_00: The overall ranking summary of the routes are as follows.
• 4:44
  SPEAKER_00: QMAS, highly selective, points-based, ideal for exceptional talent.
• 4:51
  SPEAKER_00: Investment as entrepreneurs, high risk but high reward for business-oriented individuals.
• 4:57
  SPEAKER_00: New CIES.
• 4:59
  SPEAKER_00: Significant financial investment is required but with less operational complexity.
• 5:04
  SPEAKER_00: T TPS.
• 5:07
  SPEAKER_00: Quick processing, suitable for top-tier professionals.
• 5:11
  SPEAKER_00: GEP, standard employment route, dependent on securing a job offer.
• 5:16
  SPEAKER_00: Permanent residency, or right of abode, grants individuals unrestricted entry and stay in Hong Kong, among other benefits such as immunity from deportation.
• 5:27
  SPEAKER_00: The primary requirement across all routes to permanent residency is continuous legal residence in Hong Kong for at least seven years.
• 5:34
  SPEAKER_00: This applies to both Chinese and non-Chinese nationals.
• 5:38
  SPEAKER_00: Applicants must provide proof of continuous residence, such as tax notifications, employment contracts, or rental agreements.
• 5:46
  SPEAKER_00: The processing time for permanent residency applications is generally around six weeks, after which successful applicants can obtain their permanent identity cards.
• 5:55
  SPEAKER_00: To apply for a Hong Kong SAR passport, however, one must be a Chinese national and a permanent resident of Hong Kong.
• 6:03
  SPEAKER_00: For non-Chinese nationals, permanent residency is their final destination.
• 6:08
  SPEAKER_00: Choosing the right immigration route to Hong Kong depends on your qualifications, career goals, and financial capacity.
• 6:15
  SPEAKER_00: Whether you're a top-tier professional, an entrepreneur, or an investor, Hong Kong offers a pathway to permanent residency, granting you long-term stability and access to vibrant opportunities within the city.
• 6:28
  SPEAKER_00: This structured comparison should help in making an informed decision.
• 6:32
  SPEAKER_00: The path to permanent residency remains consistent across different routes, emphasizing the importance of sustained contribution and residence in Hong Kong.
• 6:43
  SPEAKER_00: This episode first appeared as an article by Siren Chen on IMIDaily.com.
• 6:49
  SPEAKER_00: Subscribe for free to the IMI newsletter for breaking news and updates from the investment migration industry, and upgrade your membership to IMI Pro to get access to our exclusive professional community, insider data, private briefings, and members only content.