Hong Kong visa application consists of several types. Here Tannet mainly explains about vaisa/entry permit for Investment as Entrepreneurs in Hong Kong. Persons who wish to enter/stay in the Hong Kong Special Administrative Region (HKSAR) for investment as entrepreneurs under the General Employment Policy (GEP), i.e. to establish or join in business in the HKSAR cam apply for such kind of visa. However, this entry arrangement does not apply to: (1) Chinese residents of mainland China; and (2) nationals of Afghanistan, Cuba, Laos, Korea, Nepal and Vietnam.
Eligibility Criteria
An application for a visa/entry permit to enter the Hong Kong Special Administrative Region (HKSAR) for investment as entrepreneur may be favorably considered if:
(1) there is no security objection and no known record of serious crime in respect of the applicant;
(2) the applicant has a good education background, normally a first degree in the relevant field, but in special circumstances, good technical qualifications, proven professional abilities and/or relevant experience and achievements supported by documentary evidence may also be accepted; and
(3) (i) the applicant is in a position to make substantial contribution to the economy of the HKSAR, with consideration factors including, but not limited to, business plan, business turnover, financial resources, investment sum, number of jobs created locally and introduction of new technology or skills. Details of these consideration factors are as follows:
(1) Business Plan;
(2) Business Turnover;
(3) Financial Resources;
(4) Investment Sum;
(5) Number of Jobs Created Locally;
(6) Introduction of New Technology or Skills (if applicable).
(ii) Start-up Businesses
An applicant who wishes to establish or join in a start-up business may also submit an application. The Immigration Department may consider the application favorably, if the start-up business concerned is supported by a government-backed programme with a rigorous vetting and selection process, and the applicant is the proprietor or partner of the start-up company or a key researcher of the relevant project.
Documents Required for Application
Forms and documents to be submitted by the applicant for entry for investment are listed below, including but not limited to:
1. Application for Entry for Investment as Entrepreneurs in Hong Kong (ID 999A);
2. Photocopy of proof of academic qualifications and relevant work experience;
3. Photocopy of proof of the applicant’s financial standing (e.g. bank statements);
4. Photocopy of the company's employment contract with or letter of appointment to the applicant containing information about post, salary, other fringe benefits and employment periods (if applicable);
5. Detailed 2-year investment plan which contains details of proposed business activities, amount of investment, creation of local job posts, setting up of an office/showroom/warehouse, etc.;
6. Photocopy of tenancy agreements/supporting documents on office set-up.
Processing Time
It normally takes four weeks to process a visa/entry permit application for investment upon receipt of all the required documents. The Immigration Department will not be able to start processing the application unless all the required documents and information have been received.
All applications are processed and determined by the Immigration Department. Approval of applications is entirely discretionary and is subject to changes in government policies. The Director of Immigration reserves absolute discretion to refuse any application even if the application meets all eligibility criteria.
Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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