Hong Kong Opens Applications for the New Capital Investment Scheme

Investors around the globe can now apply to the new Capital Investment Entrant Scheme of Hong Kong.

The Hong Kong government clarifies that a qualifying candidate must invest a minimum of $30 million in approved investment assets. Moreover, candidates who are accepted may bring their wives and dependent children who are not married and under the age of 18 to Hong Kong.

With the scheme, candidates can stay in the city for two years. After which, they may apply to reside for another three years; subsequently, they can apply for another three-year extended stay.

After staying in Hong Kong for seven years or more, the investor can apply for permanent residency in Hong Kong, complying with the law’s provisions.

Since the scheme’s detailed announcement in December 2023, financial intermediaries, members of the Network of Family Office Service Providers, and international business associations have attended numerous briefing sessions, which have yielded substantial interest from high-net-worth individuals worldwide, especially from the Middle East, Southeast Asia, and beyond, according to Hong Kong’s Secretary for Financial Services & the Treasury of Hong Kong, Christopher Hui.

The scheme’s early launch represents the government’s dedication to promoting high-quality development of innovation and technology industries and other strategic industries that are beneficial to the long-term development of the city’s economy and bolstering the growth of the asset and wealth management industry, financial services, and associated professional services.

According to Invest Hong Kong, applications were already received on the first day, demonstrating that affluent individuals are attracted to the city’s variety of investment opportunities and have faith in its stable economic climate.