UPDATE! All Hong Kong Business Investment Visas Now Routinely Subject to Business Review
Posted by The Visa Geeza / in Investment Visas, Musing / 4 responses
An occasional, important update from the Hong Kong Visa Centre…
A few weeks ago I went on record stating that the Hong Kong Immigration Department have started to adopt a generally tougher stance in a variety of practice areas but especially as it relates to business investment visa applications.
A clear example of this has been the implementation of an across the board process of Business Review for recently approved investment visa applicants.
Essentially, from now on, every investment visa approval is being subject to a review of the performance of the underlying business, for the the business investment visa holder, when the time comes along for your next extension of stay.
This tightening up is even being extended to those investment visa holders who were originally approved not subject to business review and have been surprised come the time for their renewal, the Immigration Department have called for all the documents which go to make up the basis of a business review exercise.
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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.
Wanda
Hi Steve,
This is Wanda. We met very briefly in the Video ChaCha office in Wan Chai several months ago. I am a permanent resident of HK and am thinking of starting my own business. I’d like to know if there is a difference in trying to obtain a working visa for an employee as a registered business (cheaper to set up), or as a registered company (a lot more expensive to set up). Both would be under the sole proprietorship of myself. Your professional advice is much appreciated.
Thank you for your assistance,
Wanda
The Visa Geeza
Hi Wanda – definitely need to establish a limited liability company in my experience. Give me a call on 5808 4488 anytime and I’ll talk you through it. Best. Stephen
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