Hong Kong Visas Made Easy

28

Nov 2012

WRAP UP: Hong Kong Investment Visas – Talk by Stephen Barnes on Monday November 26th, 2012 at the Hive

Posted by / in Investment Visas, Musing / 7 responses

Went along and met a very interesting crowd at the Hive this Monday; both clients and new friends alike.

I was there to give a talk about how to go about getting a visa to start or join in a business in Hong Kong.

My 17 minute presentation quickly morphed into a fascinating 2 hour rapid-fire Q&A session on the intricacies and challenges of Hong Kong investment visa applications which really kept me on my toes.

Thanks guys, you were brilliant to interact with and I had an excellent time.

I did plan to have a complete video of the event for posting here today but unfortunately the videographers buggered up their diary and consequently did not show.

Never mind, we’ll do it next time.

In any event, you can find a copy of my presentation here.

As I was packing up to go, I got the first of several messages of thanks and appreciation with words such as…

It’s been incredibly useful! Very much appreciated. I am grateful and astonished that you are happy to share your knowledge and experience so freely.  Your friendly website, and the efficiency and pragmatism of the HK government (in relative terms at least :-)) are just two of the reasons why I like being here! And thanks for your useful and entertaining websites, too.

and

Just a quick note to thank you for the informative session last night. I came across it by chance while on a business trip and am delighted – the session completely demystified the topic!

I am also grateful to Bart Verkoeijen for the very kind words he tweeted about the session too.

Here’s a pic of me doing my thing, there’s bags more on Facebook.

 

Your formal feedback was excellent too! 9 out of 10 average across 21 responses!

So thanks for coming along folks. I had a really great night.

Ruby commented on how many of you took my name card on your way out so please feel free to contact me at any time.

Other Odds & Ends

The Visa Geeza on RTHK Radio Three

The Hong Kong Immigration Department Official Video – 10 minutes of Why Bother?

MUST READ: True story of a deluded foreign national trying to sue his way to a Hong Kong working visa

STOP PRESS  ! Hitler’s HKSAR passport application has just been denied

 

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28

Nov 2012

The Visa Geeza on RTHK Radio Three – Nov 2012

Posted by / in Investment Visas, Musing / 1 response

Went in to see Phil @ RTHK on Monday and talked a lot about money visas, both business and capital investment.

You can listen to our conversation here.

This will be the last time this year I will be on – looking like January next up so catch you then.

Please check out Morning Brew on Facebook and also listen live to Phil’s show via the web here. Give him the love – he deserves it…

More Stuff You Might Like

Checking the status of your Hong Kong visa application on line – yeah right!

Hong Kong right of abode for foreign nationals – when does the clock start ticking?

Why do some Hong Kong visa applications take forever to finalise (if ever?)

10 must have resources for a same sex partner visa application

 

Listen To The Show

Play

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25

Nov 2012

REMINDER: Hong Kong Investment Visas – Public Talk by Stephen Barnes on Monday November 26th, 2012 @ 18.30 at the Hive

Posted by / in Investment Visas, Musing / No responses

I have been invited by the good guys at The Hive to talk about the challenges faced by foreign national entrepreneurs in securing the necessary immigration permissions to join in or establish businesses here in Hong Kong.

This is a free session (i.e. no $$ required) and a great opportunity to network with like-minded souls setting out on their own in doing business in the HKSAR.

I will be spending quite a lot of time discussing one man investment visas and also setting the scene as to how the Hong Kong Immigration Department view such applications and what you can do to improve the chances of successfully arguing for one.

I’ll also be on hand to answer any questions you have about your own visa situations, and will stick around after the session for as long as it takes to talk to you all.

Seats are quite limited (40) so if you don’t fancy standing up for 2 hours at the end of a long working day, arrive bright and early!

While you’re there you can also check out The Hive’s excellent facilities.

If you are thinking of starting your own business in Hong Kong (or in fact have already done so), don’t have huge amounts of capital, hate the idea of flying solo every day and have not yet decided where to locate your base of operations, The Hive is a first class choice – so don’t miss this opportunity.

In the meantime, please check out our 10 Must Have Hong Kong Investment Visa Resources, attend the talk, then pick my brains for all they’re worth!

See you tomorrow!

 

Date: November 26, 2012

Time: 6.30pm – 9 pm

Location: The Hive, 21st Floor, The Phoenix Building, No.23 Luard Road, Wan Chai, Hong Kong (Google Map)

Contacts: t: +852 3568 6343, e: info [at] thehive.com.hk

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24

Nov 2012

How Important is the Support of InvestHK in Your Hong Kong Investment Visa Application?

Posted by / in 60 Second Snapshot, Investment Visas, VG Front Page / 9 responses

InvestHK do a really good job of promoting economic opportunities which Hong Kong offers to foreign individuals and companies seeking to set up shop in the HKSAR.

For individual investment visa applicants, they offer guidance and advice on the immigration process (amongst many other things) and in those instances where they believe the business intentions for Hong Kong are worthy of their direct assistance, they will often agree to provide a Letter of Support which can be presented to the Immigration Department to help in the investment visa application process.

Not having a letter of support is by no means a disadvantage, however, as many of our clients go on to get their investment visas approved without ever having set foot inside an InvestHK office.

But it is fair to say, that time spent in meetings with InvestHK can only be a good thing as they have excellent resources which can assist any entrepreneur help find his feet in getting started in Hong Kong.

And if you can persuade those good people to avail you of a letter of support whilst you are there, so much the better.

It can only help!

However, it is important to appreciate that no single factor proves definitive in securing investment visa permissions from the Immigration Department, for, as government organisations, InvestHK and the HKID  each has a different mandate and move, from a policy perspective, in very different circles.

In this regard, having the written support of InvestHK is useful and absolutely relevant, but not crucial and by no means pivotal to your investment visa application outcome.

But for sure, go and have a chat with them and see what they can do to assist

They are, after all, really good people who are happy to help wherever possible.

More Stuff to Help You Along

10 must have resources for a successful Hong Kong investment visa application

Is it actually getting harder to secure an approval for a Hong Kong employment or investment visa?

What’s the minimum capital required for a Hong Kong investment visa application?

Hong Kong investment visa – an excellent example of a foreign SME  that could expect immigration approval to relocate to the HKSAR

The economy at home is very bad so what investment visa options exist for you in Hong Kong?

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22

Nov 2012

Doing the Hong Kong Capital Investment Entrant Scheme On the Cheap!

Posted by / in Musing / 10 responses

There is a lot of commentary on the HKD10 million investment-for-residence Hong Kong Capital Investment Entrant Scheme (“HKCIES”) but surprisingly little is heard about gaining a visa for ‘business investment’ under Hong Kong’s General Employment Policy.

Essentially, in order for a foreign national to secure the permissions of the Immigration Department to join in an existing, or establish a new, business in the HKSAR, he has to show that he is in a position to make a substantial contribution to the economy of Hong Kong.

This is a very different proposition from parking HKD10 million in certain types of Hong Kong investments, thereby gaining residence permissions as is the premise under the HKCIES.

The irony is that, for approximately 10% of the funds needed to qualify for a HKCIES visa, any foreign entrepreneur worth his salt stands a pretty good chance of gaining permissions to live and do business in Hong Kong on the basis that he:

  • Has a modicum of prior business experience overseas that can be said to amount to a ‘track record’; and
  • Promotes a business plan that sees him opening an office and employing 1-2 local workers at some stage in the first 12 months after gaining his business investment visa; and
  • Can show HKD1-1.5 million in investment-ready cash funds to satisfy 6-12 months of pre-revenues cash flow in the wake of his visa approval; and
  • Has a really good story.

The business investment visa is a first rate alternative to the HKCIES for those persons who have the resolve to actually get down to business once they move to Hong Kong and takes, typically, between 8 to 12 weeks to approval.

This compares with the 6-8 months under the HKCIES.

Moreover, extensions to the initial 12 month business investment visa are granted almost automatically assuming you can demonstrate that you are actually implementing your business plan by the time your visa first comes up for renewal.

Once you’re past the hurdle of the first extension, in the years that follow you will receive a 2-2-3 year extension pattern assuming your business is still actively trading all throughout that time.

After 7 years of holding this visa, you can apply for permanent residency.

This compares to the 7 year ‘lock in’ of HKD10 million to maintain your HKCIES status until you are eligible to make an application to become a permanent resident (and when your funds can be freed up once again).

Each year, there are between 250 and 400 business investment visas issued to foreign national entrepreneurs in Hong Kong. This is just  15-25% of the average of 1,600 HKCIES visas issued annually since the Scheme was first introduced in October 2003.

Ostensibly, Chinese nationals resident on the Mainland are effectively precluded from applying for Hong Kong visas under both the HKCIES and also the business investment visa, except where they can show they have lived outside of the Mainland for 12 months immediately prior to making their application (business investment visa) or they have secured permanent residency in a third country first (business investment visa and HKCIES).

However, with countries such as Guinea-Bissau and The Gambia making permanent residency available to high net worth individual Chinese nationals quickly and fuss-free, these preclusions are easily worked around.

So, the General Employment Policy actually provides a cheap and easy alternative to the HKCIES for those foreign nationals and Mainlanders alike who intend to run a business once they take up residence in Hong Kong.

More Stuff You Might Find Interesting

10 must have resources for any Hong Kong investment visa application

Are there any advantages to being an existing resident of Hong Kong when you make an application for an investment visa?

Is the Hong Kong Capital Investment Entrant Scheme actually fit for purpose?

7 years residency in Hong Kong under the Capital Investment Entrant Scheme  – what PR options exist?

The 10 key reasons why foreigners seek visas to live and work in Hong Kong

 

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21

Nov 2012

Will I Get My First QMAS Visa Extension if I Have Not Yet Taken Up Residence in Hong Kong?

Posted by / in Special Programmes, Your Question Answered / 1 response

I have made known my feelings about the Quality Migrant Admission Scheme in other posts on this Blog but, every once in a while, I get a question from a reader which allows me to add a bit more knowledge to the QMAS programme and I am grateful for the opportunity to share further with you. This time, about the conditions for a first extension. Please read through the following dialogue.

FIRST QUESTION

Hi,  I have been granted a HK QMAS visa. My first year is due to expire in March 2013.

I am currently in South Africa and don’t yet have a job in Hong Kong.

I plan to go to HK in January 2013 to prospect business opportunities and establish the frameworks for a venture funding business.

Can you tell me whether having a company in the early stages of establishment will be enough to renew my QMAS for an additional 2 years?

FIRST RESPONSE

Thanks for your email.

I assume you were admitted under the general points test?

If so, you need to get your skates on.

To get your first extension to your QMAS visa you need to show that you have taken steps to settle in Hong Kong by taking up residence here, e.g. by securing  gainful employment or establishing a business.

It is not sufficient to have just the bare essentials of a company in play (which is easily achieved by merely buying a shelf company, writing up a business plan and funding the bank account of the company to the tune of 6 months cashflow needed to finance the business) but you also need to show that you are actually resident in the HKSAR.

If you have good reason for why you’re ‘late’ in getting off the mark/taking up residence in Hong Kong, that will no doubt prove acceptable.

However, the QMAS programme is subject to a quota system.

If the HKID conclude you’re not actively in the throes of settlement, they may not agree to extend you.

So a January kick-off with a first renewal date of March is cutting it very fine indeed.

SECOND QUESTION

Thanks for your message. Very useful info.

Yes I am under the general points test. 

My current business is consulting and advisory to tech based and software start-ups throughout Asia.

In some cases I also take small investment stakes in new ventures and board positions.

My past year has been occupied with laying the groundwork for launching a small cap seed stage venture capital and advisory firm to capitalise on Asia’s mobile and internet growth.

I envisage Hong Kong to be a base for investing both in HK and the wider Asian region.

However, given my foreign investors’ locations and the outside of Hong Kong groundwork that needs to be put in, basing myself out of HK at this early stage is not feasible.

I am now at a stage where the bulk of the groundwork and due diligence has been done and I am now comfortable with establishing a business there. 

While I understand ImmD’s requirement re taking up residence, is there any requirement that that this needs to be done by a certain time i.e. is there a minimum amount of time that they like to see that you have taken up residence in HK?

And what proof do they like to see?

The ID(E)982 Guidance Notes appear not to require any documentation showing that you have taken up residence, just merely that you either have a Hong Kong employer (bank account, employment contract, pay slips) or have established a business.

Will they take into consideration work done out of Hong Kong to establish yourself  there so long as you have attempted to settle in at the time of QMAS renewal?

I guess the frustration for me is the sheer amount of time ImmD has taken to process the QMAS visa (over a year in my case) which leaves me in limbo and scuppers other opportunities arising during the time it took for ImmD to process my application.

Thanks for your help. Much appreciated.

FOLLOW UP RESPONSE 

There is no specific time (it is not hard and fast) but you need to show you have taken active steps towards taking up residence in Hong Kong.

This means that you need to have a residence here and, by this, it is a clear indication that you have begun your act of settling in Hong Kong.

That it took you a while to get going is not an issue in of itself, so long as you can set out how your delayed life in Hong Kong has been as a direct consequence of your business establishment preparations (timing driven by the unpredictable nature of the QMAS process itself), but all of that is now behind you as you have now manifestly relocated to the HKSAR as evidenced in the documentation you submit which speaks to your new business and the place where you lay your head each night is definitively ‘your home’.

The longer you leave it, the greater your burden of proof.

More Stuff to May Find Useful or Interesting

Is there such a thing as an Occupations-in-Demand list for the Quality Migrant Admission Scheme?

How important are prior employment testimonials in a Hong Kong QMAS application?

Is the Quality Migrant Admission Scheme just too competitive to be realistic

Realistically, what is the minimum number of points for a shot at a QMAS approval?

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20

Nov 2012

What Happens to Your Hong Kong Right of Abode if, as a UK Citizen, You Choose to Naturalise as a Taiwanese National?

Posted by / in Long Stay & PR, Your Question Answered / No responses

One of the really neat things about running this Blog, is the incredibly varied type of Hong Kong visa and immigration question I receive. Like this one today, which is a definite first for me!

QUESTION

Hello, I am a white British person considering applying for Taiwanese Citizenship.

I also have PR in Hong Kong. If I got a Taiwanese passport does the Hong Kong government consider me to now be ‘Chinese’ or do they not respect the authority of the Taiwanese government to issue such a status?

Eg, If I leave Hong Kong for 36 months will I keep PR or lose it?

More Stuff to May Find Useful or Interesting

Can you get the right of abode if you were a Hong Kong Belonger many years ago?

Why would you choose unconditional stay after 7 years residence in Hong Kong when the right of abode is available instead?

Will the 2 years that I spent studying in China break my continuity of residence for the purposes of a Hong Kong right of abode application?

I am an overseas Chinese and my mother holds a permanent ID card and a HKSAR passport – do I have the right of abode in Hong Kong?

10 must have resources for a successful right of abode application in Hong Kong

PODCAST ANSWER
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