Why should domestic companies choose to list in Hong Kong?
2023-10-13Heavy | Hong Kong Capital Investment Entrant Scheme re-launched with $30 million threshold!
2023-10-27The latest news shows that Hong Kong's Financial Secretary Paul Chan expects the new Capital Investment Entrant Scheme to channel a large amount of capital into Hong Kong's capital market, and the government is actively finalizing the details, which are expected to be available in the coming months.The bylaws were published on October 25th.
The 2023 Hong Kong Policy Address will be delivered on October 25 this year, and the HKSAR Government launched a public consultation on the new Policy Address on July 31st.
It is noted that the HKSAR Government will organize more than 30 consultation sessions to listen to the views and suggestions on the Policy Address from Members of the Legislative Council (LegCo), representatives of different sectors and members of the public.
Recently, "G19" Legislative Councillors met with the Chief Executive, Mr. Lee Ka-chiu, to express their views on the new Policy Address. In addition to proposals on optimizing the population, reforming the tax system and cooperation in the Greater Bay Area, they also proposed to implement the new Capital Investment Entrant Scheme as soon as possible, as set out below:
1. The investment threshold is not less than HK$30 million (subject to official information);
2. Allow applicants to use part of the funds for investment in non-residential properties and financing instruments related to the development and construction of Hong Kong, so as to attract capital investors to set up family offices in Hong Kong and to support Hong Kong's large-scale infrastructure and development projects;
3. The Hong Kong Government will use the original Capital Investment Entrant Scheme as the basis for retaining equities, bonds, subordinated debt and collective investment;
4. Encourage investors to invest in areas such as financial products or science-based enterprises;
5. Investments do not include real estate investments.
Those who are concerned about the Hong Kong investment immigration program can prepare for it!
What are the advantages of the Hong Kong Immigrant Investor Program? Why is it favored by mainland elites?
Low tax rates & simple tax system
factSimple tax system and low tax ratesThe
Its main direct taxes are: Profits Tax (Corporate Income Tax), Salaries Tax (Individual Income Tax), Property Tax, and there is no VAT or Sales Tax.
Hong Kong's corporate income tax rate is lower, at 8.251 TP3T for the first HK$2 million of income and 16.51 TP3T for the excess, compared to the Mainland's corporate income tax rate of 251 TP3T.
The highest individual income tax rate in Hong Kong is 151 TP3T, while the highest individual income tax rate in the Mainland is 451 TP3T.
Funding Freedom
Hong Kong has the largest offshore RMB market.Assets can be freely transferred and funds can be easily circulated.There are no restrictions on the purchase and sale of currencies or on the international movement of funds, including the repatriation of dividends or funds by foreign investors. Funds can enter or leave Hong Kong at any time.
Advantages for children's education
Hong Kong is renowned for its high-quality education system, with world-class universities and academic institutions offering a diverse choice of courses and advanced teaching methods.
Students with Hong Kong status have numerous advantages when it comes to further studies.
★With HK DSE results.Apply without IELTSMore than 300 colleges and universities in Britain, the United States, Australia, Canada and other countries (including world-renowned universities such as Oxford University and Cambridge University).
★With HK DSE results.Exempted from applying to 132 higher education institutions in Mainland China(Including famous schools such as Peking University, Tsinghua University and Fudan University).
★In applying to The University of Hong Kong, The Chinese University of Hong Kong, The Hong Kong University of Science and Technology, etc.When the eight schools in Hong KongThe majority of the population of the country is in the hands of the government, which has an absolute advantage.
★ May take the Joint Entrance Examination for Overseas Chinese Students in the Mainland.Low scores for enrollment in the country's top schools.
High Quality of Life Guarantee
Hong Kong is committed to safeguarding the social welfare of its citizens and providing generous welfare benefits to Hong Kong residents.
★ A comprehensive social security system
Hong Kong has established a comprehensive social security system, including pensions, unemployment insurance and housing subsidies, providing Hong Kong residents with a sound and stable social security network.
★Developed medical system
Hong Kong has a well-developed health care system which provides Hong Kong residents with high quality health care services, and a universal health care system is in place to safeguard the health rights and interests of the residents.
Passport Benefits
Hong Kong passport holders canVisa-free and visa-on-arrival for 167 countries or regions.
Whether for business travel, leisure vacation or visiting friends and relatives, holding a Hong Kong passport allows you to enjoy a more convenient experience of going abroad, and to carry out a wider and more diversified range of international exchanges and cooperation.
Hong Kong status inTax policy, children's education, social benefits and access to funds, etc.It has multiple advantages in terms of attracting many mainland elites.
These advantages not only provide mainland elites with broader room for development, but also guarantee them a better quality of life.
If you are also interested, please feel free to inquire!