Great news! To attract talent, Hong Kong has introduced a brand-new program in its latest Policy Address—the Top Talent Pass Scheme (TTPS). Applications are now officially open.
The TTPS aims to attract high-income individuals and graduates from the world's top 100 universities to explore opportunities in Hong Kong. These top talents are not required to have secured an offer of employment in the Hong Kong SAR at the time of application. They will be granted a 24-month stay in Hong Kong, provided they meet general immigration requirements, without being subject to other conditions of stay.
Eligibility for the Top Talent Pass Scheme
Applicants may apply for the TTPS under one of the following categories:
1. Individuals with an annual income of HK$2.5 million or above (or its equivalent in foreign currency) in the year immediately preceding the application (Category A).
2. Individuals who have been awarded a bachelor's degree from one of the world's top 100 universities and have at least three years of work experience in the five years immediately preceding the application (Category B).
3. Individuals who have been awarded a bachelor's degree from one of the world's top 100 universities in the five years immediately preceding the application, but have less than three years of work experience (Category C); this category is subject to an annual quota and is allocated on a first-come, first-served basis.
The TTPS targets high-income individuals and graduates from top 100 universities, issuing a 2-year visa to facilitate their arrival in Hong Kong to explore opportunities, fill gaps in industries and professional sectors lacking talent, and allow spouses and unmarried dependent children under the age of 18 to accompany them to Hong Kong.
The processing speed of the TTPS is a major highlight. According to the official website, once all documents are submitted, approval can be obtained in as little as 4 weeks.
At the same time, upon approval of the TTPS, applicants are generally granted a 2-year visa without being subject to other conditions of stay. After 2 years, they may apply for an extension of stay online within 4 weeks before their limit of stay expires. When applying for an extension, the applicant must be employed or have established/participated in a business in Hong Kong. Upon approval, they will receive a 3+3 visa, and top-tier talent may even be eligible for a 2+6 renewal model.
Advantages of the Top Talent Pass Scheme
◆ No investment required, no prior job offer required, no asset requirements, etc.
◆ No quota restrictions, fast approval, can be approved in as little as 4 weeks
◆ No points-based requirements; high-income individuals or graduates from the world's top 100 universities can apply
◆ Upon approval, a 2-year valid visa is granted, with convenient renewal and freedom to enter and exit Hong Kong
◆ One application allows spouses and minor children to accompany, with access to high-quality benefits
As is well known, Hong Kong is a highly prosperous free port and international metropolis. It is the world's third-largest financial center, a vital international financial, trade, and shipping hub, and an international innovation and technology center. It is also one of the world's freest economies and most competitive cities. In recent years, Hong Kong has also become a popular destination for mainland residents to relocate. Currently, Hong Kong's policies are favorable, and it is actively welcoming talent. The highly anticipated Top Talent Pass Scheme is now officially open for applications, which is great news for applicants.
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For more details, please send us a private message in the comment section or call the WorldWay service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
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