The Hong Kong SAR Government’s Investment Promotion Department stated on the 9th that the “New Capital Investor Entry Scheme” (new scheme) has received an overwhelming response since its launch on March 1. It has received double-digit applications and more than 1,600 inquiries so far, reflecting the high-net-worth individuals Have full confidence in Hong Kong.
According to InvestHK, the applications received came from high-net-worth individuals in different regions. About 70% of the inquiries were from professional service providers. The inquiry content mainly included application procedures, application qualifications and permitted investment assets, etc.
Liu Kaixuan, Director of Investment Promotion, said: “I am very pleased to see that the new scheme has received very good response since its launch one month ago, which reflects that high-net-worth individuals are confident in Hong Kong’s stable business environment and are aware of Hong Kong’s diversified investment opportunities. interest.”
Liu Kaixuan also said that the SAR government will continue to introduce measures to further enhance Hong Kong’s competitiveness as an asset and wealth management hub, so that the attractiveness of the new plan will continue to increase. InvestHK will promote the new scheme to different chambers of commerce, international stakeholders, family offices and professional service providers to respond to inquiries and ensure information clarity.
According to the provisions of the new scheme, eligible applicants must invest at least HK$30 million in permitted investment assets. Approved applicants and their dependents can obtain residence status in Hong Kong.
The Hong Kong SAR government launched the “Capital Investor Entry Scheme” in October 2003 and later suspended it in January 2015. The first budget of the new SAR government released in February last year announced the introduction of new plans to further enrich the talent pool and attract more new capital to settle in Hong Kong.