Hong Kong Visas Made Easy

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…

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Listen To The Show

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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 Letter of Support?

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.

PRACTICE UPDATE: How the content must now be read in light of current ImmD policy:

Historical Context: InvestHK Endorsement as a Persuasive Administrative Makeweight

Historically, as published by the Hong Kong Visa Geeza in How Important Is The Support of InvestHK in Your Hong Kong Investment Visa Application?, this advisory analysis addressed the perceived strategic value of obtaining formal backing or letters of support from Invest Hong Kong (InvestHK) when submitting an Investment as Entrepreneur application under the General Employment Policy (GEP). In that discretionary era, the Geeza explained that while an InvestHK endorsement served as an impressive, credible makeweight, it was neither a statutory prerequisite nor a guarantee of approval. The Immigration Department (ImmD) maintained strict adjudicative independence from other government departments. Case officers evaluated each application through holistic, qualitative discretion, focusing on commercial credibility, personal background, and long-term viability. As long as an applicant articulated a coherent business plan, deployed modest seed capital of a few hundred thousand Hong Kong dollars to cover early operating runway, secured an affordable desk in a serviced office or co-working suite, and projected local job creation over a phased two- to three-year ramp-up period, an entrepreneur could comfortably secure approval entirely without third-party institutional or ministerial endorsements.

Modern Reality: The Total Impotence of Soft Endorsements Against the Hardware Audit

As detailed by the Hong Kong Visa Geeza in A Major Strategic Shift: The Upgraded Assessment Regime for Hong Kong’s Investment as Entrepreneur Visa, relying on general departmental goodwill, introductory networking letters, or non-statutory endorsements from agencies like InvestHK has become completely meaningless. Under post-April 2026 administrative practice aligned with Top Talent Pass Scheme (TTPS) Category A operational substance, benchmarked at an enterprise scale of approximately HKD 2.5 million, ImmD has eliminated qualitative discretion for un-incubated applicants. Case officers no longer accept soft advisory letters or narrative commendations in lieu of hard operational infrastructure. The statutory “substantial contribution to the economy of the HKSAR” test has been flattened into an inflexible, binary compliance audit demanding verified corporate hardware deployed on day one: HKD 1.5 million to HKD 2.0 million in dedicated corporate liquidity held in a local Hong Kong business bank account; an executed commercial tenancy agreement for exclusive physical premises (four walls), strictly disqualifying serviced offices, virtual addresses, shared desks, and co-working spaces; and active Mandatory Provident Fund (MPF) payroll contributions for two to three full-time local Hong Kong permanent resident employees working on-site from inception. Without this physical and financial reality, external endorsements carry zero weight.

Strategic Baseline: The Trap of Advisory Advocacy vs. The Incubator Monopoly

Consequently, treating an InvestHK introductory relationship or support letter as a viable substitute for hard startup resources represents an acute administrative danger. An un-incubated founder who presents glowing correspondence from trade or investment promotion bodies while backing the actual business with only modest seed funds, a co-working space, and future hiring projections will face swift and summary refusal. This instant denial extinguishes lawful visitor stay, prompts an abrupt exit from the territory, and permanently terminates the applicant’s continuous ordinary residence chain required to secure Right of Abode under the seven-year rule. The modern business entry framework enforces an absolute institutional monopoly: formal, documented admission into an officially accredited government incubation program, such as Cyberport, the Hong Kong Science and Technology Parks Corporation (HKSTP), or the Design Incubation Programme, serves as the sole surviving statutory mechanism recognized by ImmD to waive the mandatory upfront liquidity, dedicated commercial lease, and immediate MPF headcount thresholds. Outside this accredited institutional safe harbor, soft governmental support is entirely powerless; independent applicants must deploy enterprise-scale physical, payroll, and financial hardware on day one, or face guaranteed refusal.

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

PRACTICE UPDATE 2026

How the Content Must Now Be Read in Light of the New CIES Policy

Our original article addressed whether a prospective investor could navigate the legacy CIES “on the cheap” by minimizing advisory overheads and utilizing low-cost execution channels. While executing an application with cost efficiency has always been an understandable instinct, attempting a DIY or bargain approach under the New Capital Investment Entrant Scheme rules is a recipe for administrative failure.

The New CIES has eliminated low-friction, casual filings by introducing mandatory statutory costs and institutional gatekeepers. An applicant cannot bypass professional fees when the scheme statutorily mandates an independent forensic audit by a practicing HKICPA accountant to verify a 24-month unbroken global net asset trail of HK$30 million. Furthermore, self-custody is barred: all permissible financial assets must sit in a designated Permissible Investment Account (PIA) administered by an Eligible Financial Intermediary (licensed banks, SFC brokers, or insurers) subject to rigid annual reporting covenants.

As Stephen Barnes, the Hong Kong Visa Geeza, points out in our definitive New CIES Practice Direction:

“The concept of executing a CIES application ‘on the cheap’ belongs to a bygone regulatory era. Today’s New CIES requires institutional-grade precision. Between mandatory CPA asset verification reports, licensed intermediary custodial fees, strict 14-day portfolio rebalancing windows, and the non-negotiable HK$3 million ring-fenced allocation to the HKIC innovation portfolio, cutting corners on compliance simply risks disqualification and the forfeiture of continuous residence status.”

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

How the Content Must Now Be Read in Light of the Updated QMAS (Quality Migrant Admission Scheme) Policy

In the practical advisory dialogue published in Will I Get My First QMAS Visa Extension If I Have Not Yet Taken Up Residence In Hong Kong?, the discussion addresses the acute peril faced by successful entrants who fail to establish timely physical or commercial roots in the territory. According to the Hong Kong Visa Geeza, Stephen Barnes, entrants admitted under the legacy General Points Test operated under the dangerous assumption that their visa functioned as a speculative travel badge that could be renewed automatically. Under the legacy 1-year initial grant of stay (and subsequent 2-year rules), leaving relocation to the final few months before visa expiry created an immediate administrative emergency. Barnes warned that merely purchasing a shelf company, drafting an unexecuted business plan, or depositing funds into a corporate bank account was thoroughly insufficient to satisfy the Immigration Department. To secure an extension, an entrant had to demonstrate genuine steps to take up ordinary residence in Hong Kong through gainful employment or an active, operating commercial business; without compelling justifications for prolonged absences, ImmD routinely refused extensions to passive holders.

That vital practitioner warning must now be read in light of the definitive legal architecture codified in our PRACTICE UPDATE: The Quality Migrant Admission Scheme Definitively Stated 2026-27 by Stephen D Barnes, which documents the transformed operational landscape following the comprehensive late 2024 overhaul. As stated by the Hong Kong Visa Geeza, Stephen Barnes, while modern entrants under the General Points Test now enjoy an initial grant of 36 months (3 years) rather than the compressed 12- or 24-month limits of the past, the evidentiary reckoning at the renewal threshold is more unforgiving than ever. Under the modern 3+3+2 extension framework, the initial 3-year buffer is designed to facilitate orderly relocation, but it removes any plausible excuse for failing to settle. At the Year 3 renewal, ImmD strictly assesses whether the entrant has established a verifiable local tax record, secured graduate-level employment commensurate with their qualifying background, or built an operating enterprise generating domestic employment. Entrants who treat the 3-year period as an “absentee option” will face summary refusal at the extension gate, permanently severing their path to permanent residency under the 7-year ordinary residence rule.

 

 

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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16

Nov 2012

Why Would You Choose Unconditional Stay After 7 Years Residence in Hong Kong When the Right of Abode is Available Instead?

Posted by / in 60 Second Snapshot, Long Stay & PR, Special Programmes / 9 responses

 

Unconditional stay and the right of abode are 2 very different immigration statuses but they both have one thing in common.

Namely, you need to have been continuously and ordinarily resident in the HKSAR for at least 7 years in or to qualify for either of these immigration consents.

But, whilst the right of abode is the Rolls Royce immigration status representing defacto Hong Kong citizenship (albeit without a passport if you’re not a Chinese national), unconditional stay is merely an administrative convenience afforded to you by the Director of Immigration.

If you have the right of abode in Hong Kong you get:

• to land
• to be free from any condition of stay (including a limit of stay)
• not to be deported; and
• not to be removed.

Moreover, so long as you make one entry into Hong Kong in any 3 year given period, you will not lose your right of abode. If you fail to meet this condition, however, you are simply downgraded to the right to land.

If you only go for unconditional stay, though, you are allowed to remain here unconditionally, meaning no sponsor or further permission of the Immigration Department are needed to live out your time in the HKSAR, but you will lose this status if you are absent from Hong Kong for more than 365 continuous days in a row.

So, most people who qualify for upgraded immigration status after living continuously in Hong Kong for 7 years go on to secure the right of abode bypassing unconditional stay completely.

However, for those long stay residents who have not taken Hong Kong as their only place of permanent residence or for Capital Investment Entrant Scheme visa holders who have not lived full time in Hong Kong during the 7 years of holding that status, Unconditional Stay is an obvious choice to go for.

More Stuff You Might Find Useful

Will the 2 years I spent studying in China break my continuous residence for the Hong Kong right of abode?

So, just what IS the deal with the right to land in Hong Kong anyway?

Hong Kong right of abode application – when does the clock start ticking?

Hong Kong unconditional stay vs the right to land for CIES visa holders?

10 must have resources for a successful Hong Kong permanent residency application

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