Hong Kong's new Investment Entrant Scheme sparks global investor interest

economictimes.indiatimes.com:

Hong Kong has introduced the new Capital Investment Entrant Scheme which opened for applicants on March 1.
To qualify, an applicant needs to invest at least HK$30 million in permissible assets. Successful applicants can bring dependents (including spouse and unmarried children under 18) to Hong Kong and typically receive permission to stay for two years. After this initial period, they can apply for a three-year extension and subsequently request further extensions. After residing continuously in Hong Kong for at least seven years, they can apply for permanent residency as per Hong Kong law.

Following the announcement of the revised «Capital Investment Entrant Scheme» by Financial Secretary Paul Chan in the government's «Budget» in February 2023, Hong Kong Immigration Limited has fielded over 1,600 inquiries regarding the scheme by December's end. This indicates significant public interest in the Capital Investment Entrant Scheme (CIES).

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Wu, the person in charge of Hong Kong Immigration Limited, said: «The government has not yet publicly detailed the content of the plan and eligibility requirements, but summarizing the experience of successful investment immigration applications in the past, the completeness and accuracy of asset proof are the keys to successful approval.»

Invest Hong Kong is responsible for assessing whether the applications fulfill