Hong Kong Entrepreneur Visa (Business Investment) – A Practical Guide
Posted by The Visa Geeza / in Investment Visas, Musing, Resource, VG Front Page / No responses
The Hong Kong entrepreneur visa (business investment) is arguably the most challenging immigration status to acquire in the HKSAR…
On March 21, 2014 I gave a presentation at the Chinese Club entitled Business Immigration to Hong Kong – A Practical Guide. Although more than a decade has passed, the information remains relevant today because the underlying rationale and requirements for the Hong Kong entrepreneur visa have not changed.
In this section of the talk, I talk about the Hong Kong entrepreneur visa (business investment) and set out how to go about getting one, but in big lines, obtaining approval for an investment visa is one of the most challenging tasks in the realm of Hong Kong immigration. Your goal is to pass the approvability test and clearly demonstrate to the Hong Kong Immigration Department that you can significantly contribute to the overall economy of Hong Kong.
To start, you need to craft a compelling business investment narrative and possess the skills to present it effectively. One useful approach is to envision yourself persuading a wealthy, self-made relative to financially support your business plan for Hong Kong.
After sharing your detailed plans, would you believe that he would choose to invest his hard-earned money to help you launch your venture in the Hong Kong Special Administrative Region (HKSAR)? This mental exercise serves as a barometer for how the Immigration Department may perceive your story. If your uncle wouldn’t be convinced, what makes you think the HKID will be?
Assuming your narrative is strong, you then need to consider the three critical components—what I refer to as the “approvability stool”—necessary for securing an investment visa approval: 1. Will you create local employment opportunities in the near future? 2. Are you planning to secure appropriate business premises right from the start? 3. Do you have real capital to invest, as this visa type inherently requires financial investment? Whether your available investment funds are modest or substantial, the HKID will also expect to see a range of additional resources you plan to utilize in your proposed Hong Kong business. This can include partnerships, confirmed business engagements, exclusive contracts with successful companies, bank guarantees, and endorsements from local businesses or notable figures, as well as a proven track record of personal and business achievements—essentially any resources that will help set your business on the path to success.
There are also two essential elements present in every investment visa approval we have facilitated over the past 20 years: an unwavering commitment to your venture and an evident entrepreneurial spirit. This drive is abundant in Hong Kong and serves as a benchmark against which all investment visa applications are evaluated by the HKID. If you lack enthusiasm for the potential success of your new business, regardless of how well-resourced it may be, this will undoubtedly reflect in how you present your narrative and manage your application. Therefore, think big, communicate confidently, substantiate your claims with strong documentation, and ensure your application is handled promptly.
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The Hong Kong Visa Geeza (a.k.a Stephen Barnes) is a co-founder of the Hong Kong Visa Centre and author of the Hong Kong Visa Handbook. A law graduate of the London School of Economics, Stephen has been practicing Hong Kong immigration since 1993 and is widely acknowledged as the leading authority on business immigration matters here for the last 24 years.
