Investment Visa HK: How Does It Work?

If you are looking for an offshore investment destination, whether for a new startup or expanding the current home company, one place that stands taller than others in Hong Kong. It is a business paradise because of its liberal policies and ability to catapult businesses into regional or global status.

After registering a company in Hong Kong, most people would prefer to come and help with its management. One method that you can use to gain entry and the right to work in Hong Kong is the Investment VISA HK. Keep reading as we tell you more about it and how it works.

A Brief About Investment VISA HK

Hong Kong is always looking for creative ways to make itself the ultimate investment destination, and the investment VISA is one of them. This VISA is designed to give foreigners the right to stay in Hong Kong as employees of the businesses they open there.

The investment VISA HK also allows the investor to bring their spouses and dependent children.

It is important to point out that because the focus of the scheme is strengthening the economy, your enterprise must demonstrate it will contribute immensely towards it. This is why you need to carefully study the market and come up with a comprehensive plan for business operations.

When an investment visa is issued in Hong-KOng, it remains valid for 24 months and will be renewed for a continued stay in Hong Kong. Once you have stayed long enough in Hong Kong, you can also apply for permanent residency status.

So, let’s look at the main requirements and how to apply for an investment VISA.

The Requirements for Investment VISA

The bottom line for successfully applying for an investment VISA HK is having a vibrant company. Therefore, that would be the best place to start.

So, develop a company with robust structures and a plan that will make the Hong Kong administration see you as a crucial addition to the island, which largely relies on businesses to get revenue.

Particularly, you need to focus on these attributes of the business:

A comprehensive business plan that shows how viable the enterprise is.
A business turnover capturing the profit-and-loss account statements of other enterprises you own. If the company is a startup, prepare forecasts for the next two years.
Showcase that you have ample resources to finance your proposed business plan. Also, demonstrate the approved capital that you have to start running the company.
The business will increase the chances of VISA approval if it will create jobs locally. If it will offer more opportunities and help spur growth in other enterprises, this will greatly increase the chances of the visa getting approved.

As the investor, the application will also require you to prepare a number of documents for the application. First, you must get an application form from the Immigration Department and return it duly filled together with the following documents:

Proof of academic and professional credentials.
Copy of personal particulars of your passport plus a recent photo.
Travel documents that are valid in Hong Kong.
A copy of your company’s employment contract/ appointment letter.
A copy of the business registration certificate.

How to Apply for Investment VISA HK

After preparing all the required in the application form, you will need one more thing: a local sponsor to serve as your guarantor. This can be a person or company ready to take up the responsibility of the business if you leave Hong Kong.

Then, submit the application to the Immigration Department.

Once approved, you can pick the VISA or have your sponsor pick it on your behalf. Since this is a license that allows you to travel to Hong Kong, it has to be affixed on a blank page of the travel document for checking at the points of exit or entry.

This post has demonstrated that you can gain entry and the right to work in Hong Kong as an employee of the company you registered in the jurisdiction. It gives you the opportunity to run the enterprise and help it grow.

To make the application correctly and increase the chances of approval, it will be a good idea to use the services of a professional firm.

Conclusion

Indeed, the firm you select to help with investment VISA HK can also come in handy when registering a company in Hong Kong, managing payroll, accounting, and drawing strategies for growth.

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