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The Capital Investment Entrant Scheme has been a god send for reasonably well off people who have always fancied the idea of residence in Hong Kong but who were reluctant to start an operating business to be able to accomplish this. The following question raises the issue of how to disentangle yourself from the visa, releasing your CIES investment funds (either HKD6.5 or 10 million depending on when you were approved) at the end of your 7th year holding that status.

QUESTION

“Hi Visa Geeza, my family has invested with HK under the CIES and have been granted Identity Cards thereafter. (Pls note that we are not employed nor running a business in HK – but outside – so we are not considered as expats.) This year marks our 7th year and we would like to apply for permanent residency. We know that applicants under CIES need not to stay in Hong Kong as much as those who are applying simply for permanent residency. Could you tell us where we can find the eligibility requirement specifics for applicants from the CIES particularly for the required number of days stay in Hong Kong for the last 7 years?  Thank you.”

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