Hong Kong has resumed its investment residence permit program. From now on, you can move to the state if you make an investment of 30,000,000 Hong Kong dollars. Find out who can apply, what criteria and features

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From June 21, 2024, the investment program of Hong Kong, Capital Investment Entrant Scheme (CIES), which was suspended in 2015, was reactivated. We tell you about the conditions and procedure for submitting an application.

What is the Capital Investment Program (CIES)?

CIES is a program launched by the Hong Kong SAR government that allows qualified individuals to relocate to Hong Kong through capital investment in the form of financial assets. The scheme offers eligible individuals the opportunity to relocate to Hong Kong by making a minimum investment of HK$30,000,000 in eligible investment assets. Once applicants have met the portfolio requirements and have resided in Hong Kong for seven years, they and their dependents are eligible to apply for permanent residency in Hong Kong.

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Who can apply for the CIES investment program?

- Chinese citizens who have received the status of a permanent resident in a foreign country;

- Chinese residents of Taiwan;

- Residents of the Macau Special Administrative Region;

- Foreign citizens.

What are the CIES eligibility criteria?

- Age from 18 years;

- Do not have a negative immigration record;

- Have net assets of at least HK$30 million (or equivalent in foreign currency) during the two years preceding the application;

- Make an investment of at least HK$30 million (or foreign currency equivalent) in Permitted Investment Assets.

What is the application procedure?

The applicant is required to appoint a certified public accountant (practitioner) at their own expense to help demonstrate compliance with the net worth requirements.

After receiving in-principle approval, the applicant must enter Hong Kong to make the intended investment. A residence permit is usually granted to the applicant and his dependents. Annual reporting is required to demonstrate compliance with portfolio management requirements. An applicant and their dependents can apply for permanent residence or unconditional stay in Hong Kong after continuously meeting the portfolio maintenance requirements for at least seven years.

What are the established investment assets?

The applicant must place HK$3 million in a new CIES investment portfolio to be established and managed by Hong Kong Investment Corporation Limited. They must invest at least HK$27 million in any of the following Permitted Investment Assets:

- Shares.

- Debt securities.

- Deposit certificates.

- Subordinated debt.

- Ownership share in limited liability company funds, registered in accordance with the Decree on the limited liability company fund.

- Acceptable collective investment schemes.

- Non-residential real estate.

Features of the issued residence permit

The initial residence permit is issued for two years. After seven years of continuous residence in Hong Kong, permanent resident status can be obtained. If the applicant is unable to permanently reside in the country, they can simply continue to meet the financial requirements of the program.

After obtaining a permanent residence permit, the investor can dispose of his investment assets at his own discretion.

Applicants may include a spouse and unmarried dependent children under the age of 18 in the application.

Only spouses of Hong Kong citizens or ethnic Chinese can obtain Hong Kong citizenship and passport.

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The list of countries in which you can get citizenship by investment in 2024 is in this article.

Hong Kong is a diverse, leading metropolis that offers a unique blend of Eastern and Western traditions. It is one of the most business-friendly cities in the world with world-class infrastructure. Hong Kong has an open economy with a free market and low taxes. It is an important international financial and trade center. Moving here will be an important stage in the life of foreigners.

Ihor Usyk - head of Visit World's legal department

To ensure a safe move to Hong Kong, consult a migration specialist. My colleagues, qualified specialists with legal education, will help you avoid unpleasant situations when traveling abroad.

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