What’s the Difference Between Unconditional Stay and Permanent Residence in Hong Kong?
Posted by The Visa Geeza / in Long Stay & PR, Your Question Answered / 2 responses
When would unconditional stay be an appropriate Hong Kong immigration status as opposed to the right of abode and, in any event, what’s the difference?
We’re considering to apply for a business investment visa, but we don’t really intend to live in Hong Kong in the near future.
If our application gets approved, we’ll get 2-3-3-year-visa, renewable up to 7 years.
My question is since we can’t be resident in Hong Kong during these 7 years, we only can apply Unconditional Stay after 7 years.
But then if one day we decide to really live in Hong Kong, after living in Hong Kong for a period of time (how long is required?) can we change our status applying Hong Kong permanent residence?
What will be the requirements to submit such request?
What are the differences between unconditional stay and permanent residence?
I read unconditional stay visa holder need to come back to Hong Kong once per 12 months period. But other than that, I didn’t find any other info.
I would like to know particularly the differences on income tax filling and social benefit for above two status.
Thanks a lot for your kind advice!
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Sorry to bother you again!
I just found out I used the wrong term in my first question submit — “We’re considering to apply for CAPITAL INVESTMENT VISA (HKD10 Million portfolio), but we don’t really intend to live in HongKong in the near future (7 years).”
So it’s “CAPITAL INVESTMENT VISA”, not “Business investment visa”.
The rest part of the question is the same!
Sorry for my previous mistake. Awaiting for your kind answer!
Rachel recently posted..What’s the difference between Unconditional Stay and Permanent Residence in Hong Kong?
The Visa Geeza
I am in Australia presently – returning to HK on Monday evening. Let’s set up a call or a Skype video session on Tuesday later on in the day and I’ll talk you through it. Please email me at my email address sbarnes at hkvisacentre dot com.
The Visa Geeza recently posted..Teaching the Lawyers: Business Immigration to Hong Kong : A Practical Guide (March 21, 2014) – Course Materials For Your Use