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Capital Investment Entrant Scheme |
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The Government officially launch the New Capital Investment Entrant Scheme (CIES) and invite applications on 1 March 2024. A new CIES would be introduced with a view to further enriching the talent pool and attracting more new capital to Hong Kong. The objective of the scheme is to facilitate the entry for residence by capital investment entrants (the entrant), i.e. persons who make capital investment in Hong Kong but would not be engaged in the running of any business here. The entrant is allowed to make his choice of investments amongst permissible assets without the need to establish or join in a business. Guotai Junan Securities (Hong Kong) Limited "GTJA" is a financial intermediaries for this scheme and providing this service to customers.
The New CIES applicant must make an investment of a minimum of HKD$30 million in the permissible investment assets, including investing a minimum of HKD$27 million in the permissible "Financial Assets" and "Non-Residential Real Estate", and placing HKD$3 million into a new CIES Investment Portfolio to supporting the development of innovation and technology industries and other strategic industries that are beneficial to the long-term development of Hong Kong's economy.
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1. An Applicant must fill in the form of Application for Net Asset Assessment to the New CIES Office, a new dedicated team under the InvestHK, for verifying whether the Applicant has fulfilled the Net Asset Requirement.
2. Upon New CIES Office's verification that the Applicant has fulfilled the Net Asset Requirement, New CIES Office will issue a relevant certifying proof to the Applicant and notify the Director of Immigration of the result.
3. An Applicant submit an Approval-in-Principle entry application to the Immigration Department and grant a visa/entry permit for entering Hong Kong on visitor status for not more than 180 days.
4. For CIES account opening in GTJA, Applicant please provide valid permanent resident status in a foreign country identity document (e.g. national identity card, passport), proof of residential address (within the past 3 months).
5. Make an investment of a minimum of HKD$30 million in GTJA's CIES account which includes a minimum of HKD$27 million "Permissible Investment Assets" - stocks, bonds or funds; and place HKD$3 million into a new CIES Investment Portfolio.
6. Upon the Applicant's completion of making the committed investment, an Applicant must fill in the form of Application for Assessment on Investment Requirements to demonstrate his fulfillment of the Investment Requirements.
7. Upon New CIES Office's verification that the Applicant has fulfilled the Investment Requirements, New CIES Office will issue a relevant certifying proof to the Applicant and notify Director of Immigration of the result.
8. An Applicant submit an Approval-in-Formal Approval application to the Immigration Department and grant a visa/entry permit for entering Hong Kong for not more than 2 years.
9. An Applicant is required to demonstrating his fulfillment of Portfolio Maintenance Requirements each subsequent anniversary to New CIES Office and required to submit an application for extension of stay to the Director of Immigration before expiry of limit of stay.
10. An Applicant may submit an application to the Immigration Department for apply to become permanent residents of Hong Kong after a period of continuous ordinary residence in Hong Kong of not less than 7 years and subject to any other relevant requirements under the Immigration Ordinance (Cap. 115 of the Laws of Hong Kong).
1. Be aged 18 or above when applying for entry under the scheme;
2. An Applicant must fall into one of the following categories covered by the Scheme:
Chinese nationals who have obtained permanent resident status in a foreign country;
Macao Special Administrative Region residents;
Chinese residents of Taiwan; and
Foreign nationals (Nationals of Afghanistan, Cuba, and Democratic People's Republic of Korea are excluded);
3. Assets Proof: have net assets of not less than HKD$30 million to which he/she is absolutely beneficially entitled throughout the six months preceding the application. (e.g. property, stocks, certificate of deposit, company assets, etc.)( The respective portion of Net assets which is absolutely beneficially entitled to the Applicant in the jointly-owned assets with family member(s) can also be taken into account.)*;
4. Have no adverse record both in Hong Kong and country/region of residence;
5. Have invested within 180th day before submission of his/her application to the Immigration Department, or will invest within 180th day after the granting of approval in principle by the Immigration Department, not less than HKD$27 million or above in permissible investment assets classes (e.g. stocks, funds, bonds, etc.); and HKD$3 million into a new CIES Investment Portfolio;
6. He/she is capable of supporting and accommodating himself/herself and his/her dependents, if any, on his/her own without relying on any return on the permissible investment assets, employment or public assistance in Hong Kong.
7. An Applicant can also hold his investment in a private company, fostering synergy between the Scheme and the establishment of family offices in Hong Kong. For more details, Please visit the New CIES website.
*The Applicant is required to engage a Certified Public Accountant (Practising) as defined in the Accounting and Financial Reporting Council Ordinance (Cap. 588 of the Laws of Hong Kong)
1. The new CIES has been launched and invite applications on 1 March 2024.
2. InvestHK will be responsible for assessing whether the applications fulfil the net asset and investment requirements;
3. Immigration Department will be responsible for assessing the applications for visa/entry permits, extensions of stay.
4. The new Capital Investment Entrant Scheme (CIES) permissible investment assets in GTJA regulations :
Investing a minimum of HKD$27 million in shares or debt securities denominated and settled in HKD or CNY that listed on the Stock Exchange of Hong Kong; or Eligible Collective Investment Schemes under the New CIES permissible financial assets;
Placing HKD$3 million into a new CIES Investment Portfolio;
Make investment for continuously 7 years;
If the assets are value-added, the profits cannot be realized, and if the investment losses, there is no need to make up the losses;
Dividends are allowed for withdrawal;
It has 7 Admission Schemes for Talent, Professionals and Entrepreneurs:
General Employment Policy (GEP) – Professionals and Entrepreneurs (for non-Mainland residents)
Admission Scheme for Mainland Talents and Professionals (ASMTP) (for Mainland residents)
Admission Scheme for the Second Generation of Chinese Hong Kong Permanent Residents (ASSG)
Please visit InvestHK - the New CIES website for more details..
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