Asset Management Capital Investment Entrant Scheme


 
Capital Investment Entrant Scheme

About CIES

The Government has announced that the Capital Investment Scheme (the “Scheme”) would be suspended with effect from 15 January 2015 (“Suspension Date”) until further notice. The suspension will not affect applications received before the Suspension Date, whether already approved (including approval-in-principle and formal approval) or still being processed.

  • Capital Investment Entrant Scheme is a migration scheme introduced by the Government of the Hong Kong SAR in October 2003 to facilitate the entry for residence by capital investment entrants.
  • The Scheme enables eligible persons to obtain Hong Kong residence by investing not less than HKD10 million in permissible investment assets.
  • After fulfilling the Portfolio Maintenance Requirement and seven years of continuous ordinary residence in Hong Kong, the entrants and their dependents (spouse and unmarried children under the age of 18) may apply to become permanent residents of Hong Kong.
  • The Scheme aims at attracting eligible persons who would like to migrate to Hong Kong and invest in Hong Kong capital market. Applicant could freely choose to invest in permissible investment assets and need not to establish a business or be engaged in business operation.

Who Can Apply

  • Foreign nationals (except nationals of Afghanistan, Cuba and Democratic People’s Republic of Korea)
  • Macao Special Administrative Region residents
  • Chinese nationals who have obtained permanent resident status in foreign country
  • Stateless person who have obtained permanent resident status in foreign country with proven re-entry facilities
  • Taiwan residents

Eligibility Criteria

  • Be aged 18 or above when applying for entry under the Scheme;
  • Have net assets of not less than HK$10 million* to which he is absolutely beneficially entitled throughout the two years preceding his application;
  • Have invested within six months before submission of his application to the Immigration Department, or will invest within six months after granting of Approval-in-Principle by the Immigration Department, not less than HK$10 million* in permissible investment asset classes (except Certificates of Deposits, which must be invested within six months after Approval-in-Principle is granted by the Immigration Department);
  • Have no adverse record both in Hong Kong and country/region of residence; and
  • Be able to demonstrate that he is capable of supporting and accommodating himself and his dependants, if any, on his own without relying on any return on the permissible investment assets, employment or public assistance in Hong Kong.

* The net assets requirement and investment threshold have been raised from HK$6.5 million to HK$10 million with effect from 14 October 2010.
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