Hong Kong's Capital Investment Entrant Scheme (CIES) Now Accepts New Applicants

The Capital Investment Entrant Scheme (CIES) in Hong Kong is an initiative designed to allow investors to obtain residency. This overview covers the essential details of the application process for those considering relocating to Hong Kong. Additionally, it highlights the attributes of Hong Kong that make it an attractive destination for global investors. End Quote

Miami, FL (1888PressRelease) June 27, 2024 - Hong Kong has introduced a new residency-by-investment opportunity known as the Capital Investment Entrant Scheme (CIES). This program allows eligible applicants, including foreign nationals and Chinese nationals residing abroad, to obtain residency in Hong Kong by investing a minimum of HKD 30 million. The investment includes HKD 27 million in permissible assets and HKD 3 million into a CIES Investment Portfolio, which supports Hong Kong's economic development.

Hong Kong is an appealing destination due to its competitive tax system, strategic location in Asia, international community, and rich cultural heritage. Applicants must be 18 or older, have a clean immigration record, and demonstrate a net asset value of at least HK$30 million for the two years preceding the application. Dependents can also be included under the applicant's visa.

The application process involves a personal net worth assessment, followed by a 180-day visa to make the investment. After fulfilling the investment requirements, applicants can obtain a 2-year visa, extendable upon meeting conditions, with the possibility of permanent residency after seven years.

For a detailed guide on applying for the CIES and to understand the full benefits and requirements, read the full article on:
https://harveylawcorporation.com/residency-in-hong-kong-cies-application/

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