On February 29, 2024, the Financial Services and the Treasury Bureau and the Innovation and Technology Bureau of the Hong Kong Special Administrative Region Government elaborated on the relevant measures in the 2024-2025 budget proposal. The Secretary for Financial Services and the Treasury, Christopher Hui, stated that the new Capital Investment Entrant Scheme will begin accepting applications on March 1, with details to be announced by the Invest Hong Kong agency. The aim is to enhance Hong Kong's advantages in asset and wealth management and related professional sectors, supporting the development of innovation and technology.
The new budget proposal indicates that individuals who invest HKD 27 million or more in eligible assets and contribute HKD 3 million to the new “Capital Investment Entrant Scheme Investment Portfolio” may apply for residency in Hong Kong. Currently, the official website of the Hong Kong Immigration Department has updated the relevant details of the “New Capital Investment Entrant Scheme.” WorldWay reminds all investors that those interested should make reservations quickly to seize the opportunity to apply as soon as it opens, benefiting from early action.
The new Hong Kong budget proposal also reflects the determination and actions of Hong Kong in attracting talent and revitalizing development. In fact, in last year's budget proposal presented in February, the Financial Secretary, Paul Chan, proposed to timely launch the “Capital Investment Entrant Scheme.” In just one year, the new investment immigration program will officially open for applications in March 2024. This is undoubtedly great news for entrepreneurs and investors looking to immigrate to Hong Kong.
As is well known, Hong Kong is a highly prosperous free port and international metropolis, the third-largest financial center in the world, and an important international finance, trade, shipping center, and global hub for innovation and technology. It also ranks among the world's freest economies and most competitive cities, making it very attractive. Furthermore, due to the cultural proximity to the mainland, language compatibility, and low tax rates, an increasing number of people from the mainland are drawn to immigrate to Hong Kong for living and developing their careers. Therefore, acquiring a Hong Kong identity has become a popular choice among many investors when planning their lives.
In 2024, Hong Kong is vigorously implementing a policy to attract both talent and capital, creating golden opportunities for those eligible for the talent scheme and capital investment scheme to plan for Hong Kong residency. If you are interested in planning for a Hong Kong identity or are considering it, please start planning early.
Immigration is a comprehensive planning process, and it is crucial to choose a reputable, professional immigration agency with a strong brand and good reputation! A competent immigration company can genuinely assist immigration applicants in successfully completing their relocation process. WorldWay Group has consistently maintained a good reputation in the immigration industry, known for its high service quality, volume of applications submitted, high success rates, and client satisfaction in Hong Kong investment immigration and the Hong Kong talent scheme.
WorldWay Group, a Fortune 500 Asian brand, has been rooted in Hong Kong for over 20 years. As one of the early companies to engage in Hong Kong immigration services, it has established professional firms in both Hong Kong and the mainland, successfully assisting countless clients in relocating to Hong Kong. WorldWay boasts a comprehensive customer service system, rich experience in immigration processing, a professional and experienced documentation team, an attentive customer service team, and efficient and friendly on-ground services, providing thoughtful guidance and support to each investor’s immigration journey. Whether it is before applying for immigration, during the application process, or the series of follow-up services after immigration, WorldWay is committed to fully supporting investors in realizing their immigration dreams.
For more details, please message us privately in the comments section or call the WorldWay service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798
