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The classic “three-legged stool” framework—historically balancing capital, local employment, and substantial economic contribution as flexible, qualitative benchmarks evaluated on prospective intent—has hardened into a rigid, pre-conditioned compliance threshold. Readers can no longer view local employment and capital investment as flexible milestones to be achieved gradually downstream; ImmD now treats 2 to 3 full-time local staff on active payroll and deployed cash reserves as prerequisite baseline infrastructure that must exist prior to approval. The qualitative prong of “substantial contribution” is now practically measured against TTPS Category A commercial viability (akin to HKD 2.5M enterprise-level capacity), meaning modest, asset-light advisory models can no longer balance weak capital deployment with high-concept professional expertise alone.

Hong Kong Investment Visa – The Approvability Test

I am often asked the question ‘can I freelance’ in Hong Kong or ‘what’s the minimum’ needed to anticipate an approval as an Entrepreneur for a Hong Kong investment visa.

This short video lays out how to corral your thinking if you wish to start your own business in Hong Kong and need the permission of ImmD to do so.