Hong Kong Residency For Buyers

E-2 Visa —The E-2 Visa is a visa for momentary stay, though it may be extended indefinitely, in some instances for many years. The funding amount requirement is versatile and is relative to the value of a selected E-2 business. Although there is no investor treaty between the us and Hong Kong, Hong Kong residents might have a second passport with a treaty nation or may acquire one by way of treaty countries providing citizenship by investment (“CBI”). Overall, the Hong Kong government’s primary concern about overseas companies opening in Hong Kong, is whether or not or not overseas entrepreneurs can prove that their business will contribute to the local economic system in Hong Kong.

The software and related supporting paperwork should be delivered to the Hong Kong Immigration Department by Post. Hong Kong supplies sure pathways to Entrepreneurship Visas if the company is a begin up that was seeded, or in any other case shuttled into Hong Kong registry from a government-backed startup funding/acceleration programs. A copy of the Business Registration Certificate obtained by the Inland Revenue Department, and other registration particulars related to the Hong Kong firm registration. You should prove that your small business will utilize local workforce or in any other case create jobs for the local workforce and at each try, engage with native suppliers, producers, and service suppliers if attainable.

A company allotted with a quota by the Innovation and Technology Commission can accordingly sponsor an eligible person to apply for an employment visa/entry allow within the 12-month quota validity period. It additionally has to fulfil the requirement to make use of new native employees in technology-related work. Short-term guests can make the most of Hong Kong’s light-touch visa policies and are permitted to conduct enterprise negotiations and sign contracts while on a visitor’s visa or entry permit. Foreign nationals working in Hong Kong for longer durations of time require a visa before they will reside or work in Hong Kong.

The visa/entry allow label should be affixed onto a blank visa web page of the applicant’s travel document for presentation to an immigration officer upon arrival within the Hong Kong Special Administrative Region. Some Chinese diplomatic and consular missions have carried out the arrangement that functions for visas for Hong Kong from persons holding international odd passports will be dealt with by the “Chinese Visa Application Service Center”. Applicants might investment visa contact the nearest Chinese diplomatic and consular mission for particulars. Notwithstanding that the paperwork and knowledge required have been furnished, applicant, accompanying dependant and sponsor should be required to submit further supporting documents and knowledge in reference to the application when needed.

the applicant has been residing overseas for no less than one year immediately earlier than the submission of utility [“overseas” means locations outside the Mainland, the HKSAR and the Macao Special Administrative Region] and that the applying is submitted from abroad. The applicant ought to set out the organisational structure of his/her enterprise and the required variety of staff and posts, primarily based on the nature and scale of the enterprise. He/She should indicate the quantity and degree of precise jobs created regionally (e.g. managers, administrators, professionals, clerical assist workers, and so on.). Hong Kong is a various, leading metropolis providing a novel mix of Eastern and Western traditions. It is considered one of the world’s most business-friendly cities and has a world-class infrastructure.

We will ship you the applying varieties and supply help to finish the questionnaires, and translate and authenticate paperwork. After that, we will file the appliance with its supporting paperwork to the Immigration Department. Personal income tax on salaries is levied at a progressive rate from 2% to 17% on revenue exceeding HKD120,000.

Extension of keep, if approved, will normally follow the 3-3 years pattern, on employment condition. Approval of applications is totally discretionary and is subject to adjustments in government policies. The director of immigration reserves absolute discretion to refuse any application, even if all standards for eligibility are met. Successful candidates will normally be granted a limited prolonged stay of 24 months . Applicants may apply to increase their stay within the HKSAR earlier than their limit of keep expires. Such purposes will only be thought of if the candidates continue to meet the eligibility standards beneath entry for funding, the QMAS, or the General Employment Policy.