The New Capital Investment Entrant Scheme is an investment immigration scheme launched by the Government of the Hong Kong Special Administrative Region (HKSAR) to attract investors to transfer funds to Hong Kong and enrich the local talent advantages. Here are some highlights of the program:
- Eligibility Requirements: Eligible persons include foreign nationals (excluding nationals of Afghanistan, Cuba and the DPRK), residents of the Macao Special Administrative Region (Macao SAR), Chinese nationals who have obtained foreign permanent resident status, and Chinese residents of Taiwan.
- Asset requirement: Applicants must be at least 18 years old at the time of application and need to have net assets or net capital of not less than HK$30 million equivalent (or its equivalent in foreign currency) within the two years preceding the application. In addition, applicants are required to contribute HK$3 million to the new Capital Investment Entrant Scheme Portfolio to support the I&T sector and other key sectors that contribute to the long-term development of Hong Kong’s economy.
- Investment requirement: Within 180 days of approval of arrival in Hong Kong, the applicant must invest at least HK$30 million in permissible investment assets in Hong Kong (except for investment in certificates of deposit). The investment must be made with the approval in principle of the Director of Immigration.
- Conditions of stay: Approved applicants may bring their spouse and unmarried dependent children under the age of 18 to Hong Kong, and will normally be allowed to stay in Hong Kong for two years. After the expiration of the period, it is possible to apply for an extension of stay for three years and again at the end of each three-year period. Applicants are normally required to reside in Hong Kong for a continuous period of not less than seven years before they can apply to become a Hong Kong permanent resident.
- Investment rules: Investors do not need to add funds and cannot withdraw the investment appreciation income. Applicants may convert their investment assets but must notify the Director-General of Investment Promotion in writing within seven working days after the completion of the sale and transaction.
The New Capital Investment Entrant Scheme has raised the minimum investment amount to HK$30 million and requires applicants to invest a portion of their capital in the development of the innovation and technology industry.
The above is based on the contents of the 2023-24 Budget, and if there are any changes or updates, it is recommended to consult the official information of the relevant agencies of the Government of the Hong Kong Special Administrative Region for the latest information.
New Capital Investment Entrant Scheme https://www.familyofficehk.gov.hk/zh-hk/new-capital-investment-entrant-scheme/
