The unique operational model of Hong Kong as a business driven economy has been a crucial attraction for people who want to enter and stay there. From the straightforward tax system to stable banking systems, Hong Kong is the place no one wants to miss.
One way of entering and staying in Hong Kong is using HK investment visa. The visa is considered to be part of the general employment guidelines because it views the investor to be the employee of the business he/she creates. In this post, we bring you five most important things that you should know about investment visa.
Hong Kong administration is interested in the impact you will create on the economy
Unlike other economies like that of the mainland China or other countries that have vast land for agriculture and minerals among other resources, Hong Kong is a tiny island. Because it lacks in these resources, the administration encourages businesses that come to support the economy.
Therefore, you must be very certain to demonstrate that the business has a lot of substance. To demonstrate this, you can provide the structure with all the employments to be created, partnerships, and other positive impacts.
Demonstration of operational capital and fundraising capacity
While the HK investment visa does not have a limitation on the operational capital that you should inject, it is subjected to extensive financial scrutiny. The target is ensuring that the business has enough funds to support its structure, entry, and growth, especially during the first six months.
Note that this is not just about making a good presentation, but demonstrating facts in line with the current Hong Kong trends. For example, you will get the visa if you demonstrate the stiff competition and strategic method of entry supported with appropriate resources.
More importantly, is your ability to mobilize additional resources if the need arises to grow the business or prevent it from falling in case of unprecedented issues.
The anticipated relationship between the business and administration
The structure you provide the immigrations department with is very important when assessing the request for a visa. It demonstrates how organized the business is which indicates the success to anticipate.
More importantly, the approval will be hinged on demonstration of ease of communication between the government departments and the new business. For example, because you will be required to have created a limited liability company, the company secretary should act as the legal link between the business and government.
Businesses bringing new technologies get preference
Is your operation hinged on new technology? The Hong Kong administration is particularly encouraging investors with companies on tech niches to apply for HK investment visa.
For example, if you are in apps development, tech products value addition, and other related areas of technology, consider checking whether the business fits in any of the government supported programs.
When you decide to enter Hong Kong by applying for investment visa, the most crucial thing is demonstrating that you will bring business that helps to take the economy to the next level. You should also demonstrate extra value in employing more people and long-term orientation.