How Can Presently Unemployed Investment Bankers Reorganize Their Careers in Order to Remain in Hong Kong?
Posted by The Visa Geeza / in 60 Second Snapshot, Investment Visas, Special Programmes, VG Front Page / 5 responses
These are trying times for investment bankers with the global financial crisis continuing to lead to career uncertainties for these professionals with seemingly no end sight.
Many such bankers are here in Hong Kong on employment visas sponsored by their last investment bank employer.
If you, as many indeed have, been laid off – what are your visa options if you decide that you prefer to stay in Hong Kong rather than head back home or to another jurisdiction where perhaps your employment prospects are that much better at this time?
You principally have four options.
You can apply to further your education and secure a student visa. This is straightforward enough. Or;
You can participate in the Capital Investment Entrant Scheme by locking HKD10 million into certain types of Hong Kong securities. Assuming, of course, you have the resources – and the appetite. PROGRAMME CANCELLED JANUARY 2015 Or;
You can run the gauntlet of the Quality Migrant Admission Scheme – not for the faint hearted and almost certainly a 10-12 month process. Or;
You can start a new or join in an existing business for yourself, as many of your colleagues have been doing. This can be achieved readily enough with about HKD1 million cash in the enterprise, a decent business plan and a well-told story.
We are presently securing several investment visas each month for investment bankers who find their current limits of stay expiring soon and who need an alternate rationale for remaining in Hong Kong.
The investment visa is the most flexible and, often the fastest route typically needing no more than 8 weeks to application finalization.
More Stuff to Help You Along
10 Must Have resources for a Hong Kong investment visa application
10 Must Have resources for a Hong Kong Quality Migrant Admission Scheme application
Can I employ myself by getting a Hong Kong business investment visa?
Hong Kong unconditional stay vs the right of abode for Capital Investment Entrant Scheme visa holders
What are you really buying from a Hong Kong immigration consultant?
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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.
