How to get Hong Kong status quickly? Hong Kong Investment Immigration vs Hong Kong Family Office

On December 19, 2023, the Secretary for Financial Services and the Treasury of Hong Kong, Mr. C.Y. Hui, officially announced the"New Capital Investment Entrant SchemeThe details!

"New Capital Investment Entrant Scheme" is classified asOne of the eight policy measures for the development of family offices(b) To attract asset owners to locate and develop in Hong Kong. To attract asset owners to locate and develop in Hong Kong, and to explore diversified investment opportunities in Hong Kong through the deployment and management of wealth.

01

Hong Kong Investment Immigration Threshold:

Must have HK$30 million and be a former national of another country

The Secretary for Financial Services and the Treasury, Mr. Rafael Hui, announces the details of the New Capital Investment Entrant Scheme:

★ Applicable people: Foreign nationals aged 18 or above, persons of Chinese nationality who have acquired permanent resident status in a foreign country, residents of the Macao Special Administrative Region, and residents of Chinese nationality in Taiwan.

★ Investment amount:investment requiredHK$30 million or aboveThe

★ Investment category:Financial assets, non-residential properties, industries and projects conducive to the long-term development of Hong Kong, such as start-ups and venture capital enterprises, etc., excluding property investment.

★Processing cycle and renewal mode:Upon approval in principle, the Immigration Department will grant the applicant a visitor's visa for a maximum of six months to facilitate the applicant's investment in Hong Kong; upon formal approval, the overall renewal pattern is 2+3+3.

It is worth noting that the New Capital Investment Entrant Scheme has certain restrictions on Mainlanders.Mainlanders can apply by acquiring permanent residence status in a third country.In order to apply for a foreign green card, one must fulfill the application requirements of "Chinese nationals who have obtained permanent resident status in a foreign country".02

Establishment of a Hong Kong family office:

No need for $30 million, no need for pre-identification

Although Hong Kong requires a family office to have an asset management scale of HK$240 million in order to enjoy tax incentives, there is actually no need to set up a general Hong Kong family office with such a high threshold.Asset size in the tens of millionsIt can then be set up.

What a family office can do for the Hong Kong GovernmentMore than just an influx of funds. In recent years a very large number of high net worth individuals have applied for a single family office by setting up aHong Kong resident statusThe model of 13Os and 13Us is similar to that of the Singaporean 13Os. And this model of acquiring status as a home-based establishment is the same as Singapore's 13O and 13U.

  ⭐ Advantages of setting up a family office in Hong Kong:

• Available through the establishment of a family officeHong Kong resident statusThe family office will be able to take the right to obtain and renew the status firmly into their own hands. As long as the family office is innormal operationIn the middle of the period, the renewal of the visa will also become simpler. The investment record during the period can also be used as a strong linkage document to be provided to the Hong Kong government when applying for permanent residence;

• All invested funds100% all into their own controlThe fund and company accounts of the company are operated independently and are safe and reliable;

• One-stop hosting operation: A Hong Kong licensed trust company as the legal custodian to provide all-round services for the day-to-day operation of the family office, including legal, administrative and personnel matters;

• In terms of asset management, professional investment advisors can be hired forGlobal Multi-Category Asset AllocationThe investment decisions can also be made at your own discretion;

• bank accountFlexible handlingIn addition, they can be invested in qualified and stable investment products such as high-interest fixed deposits in banks, high-interest insurance policies and Hong Kong insurance, which is the "No. 1 in Asia and No. 2 in the world", as mentioned by the Chief Executive;

• Also availableHong Kong Government's latest welfare policyetc.

Hong Kong Immigrant Investor Program VS Hong Kong Family Office, there is no superiority or inferiority, only suitability or not.

For a single family office, Hong Kong's Family OfficeSimple establishment procedure(math.) genusNo need for external fundraising, no need to apply for a license, and more freedom of investment flexibility.More lenient talent introduction policyThis, coupled with Hong Kong's unique advantages as one of the world's financial centers, provides a good foundation for the development of family offices.

If you have the need to set up a Hong Kong office, plan your Hong Kong identity, etc., please feel free to contact Timeless Group!