What Are the Requirements to Apply for an Investment Visa in Hong Kong?
- Kristina Coluccia
- Sep 4, 2024
- 3 min read
Hong Kong, one of Asia’s most dynamic business hubs, offers an attractive investment visa scheme for foreign entrepreneurs and investors looking to establish or join businesses in the region. Governed under the General Employment Policy (GEP), the investment visa is intended for individuals who plan to actively contribute to Hong Kong’s economy through genuine business activities. This article provides an expert yet accessible overview of the requirements to apply for an investment visa in Hong Kong, with insights on how to navigate the application process efficiently.
Overview of the Investment Visa Scheme in Hong Kong
The Hong Kong investment visa is not a standalone visa category. Instead, it falls under the GEP visa for employment as an entrepreneur, which permits foreign nationals to relocate to Hong Kong to establish or join a business. The application is assessed based on the viability and potential contribution of the proposed business to the local economy.
Key Requirements to Apply for a Hong Kong Investment Visa
To qualify for an investment visa in Hong Kong, applicants must meet a combination of personal, business, and procedural criteria:
1. Strong Business Plan
A detailed business plan is essential. Immigration authorities will assess:
The nature and scope of the business
Market analysis and positioning
Operational strategies
Financial forecasts (typically 2–3 years)
Job creation plans for local staff
Proof that the business will generate significant economic benefits for Hong Kong
The business must be genuine and capable of making a substantial contribution to the local economy.
2. Relevant Professional Background
Applicants should possess a solid educational background (preferably a university degree) and/or proven professional experience relevant to the business being established. This helps to demonstrate the applicant's capability to run and grow the enterprise successfully.
3. Financial Capability
The applicant must show sufficient financial resources to fund the start-up and sustain its operations. There is no minimum capital requirement officially set, but it should be proportional to the scale and nature of the business. Personal bank statements, company funding sources, and initial investment outlay are scrutinized during the review.
4. Local Job Creation and Economic Contribution
A key focus of the application assessment is the expected economic impact. Authorities look for:
Potential to hire local employees
Use of local service providers or suppliers
Value-added services to the Hong Kong market
Introduction of new technologies or industries
The more compelling the economic rationale, the higher the likelihood of approval.
5. Office Setup and Infrastructure
Applicants are expected to demonstrate a commitment to setting up a legitimate and operational base in Hong Kong. This may include:
Leasing commercial premises (virtual offices are generally not acceptable)
Registering a local business entity with the Hong Kong Companies Registry
Hiring staff and establishing a presence within the local business community
6. Clean Immigration Record
Applicants must not have any serious criminal convictions or immigration violations in Hong Kong or elsewhere. Character checks are an integral part of the due diligence process.
Additional Considerations
Dependent Visas: Successful applicants can sponsor dependent visas for spouses and unmarried children under the age of 18.
Visa Validity: Initial investment visas are typically granted for a period of 2 years, renewable upon demonstrating continued business activity and economic contribution.
Permanent Residency: After 7 years of continuous ordinary residence, holders may apply for permanent residency in Hong Kong.
How Woodburn Global Can Support Your Investment Visa Journey
Applying for an investment visa in Hong Kong is a complex process that requires strategic preparation and meticulous documentation. At Woodburn Global, we specialize in helping foreign entrepreneurs and business owners set up operations in Hong Kong and secure the appropriate visa to match their ambitions.
Woodburn Accountants & Advisors is one of China and Hong Kong’s most trusted business setup advisory firms.
Woodburn Accountants & Advisors is specialized in inbound investment to China and Hong Kong. We focus on eliminating the complexities of corporate services and compliance administration. We help clients with services ranging from trademark registration and company incorporation to the full outsourcing solution for accounting, tax, and human resource services. Our advisory services can be tailor-made based on the companies’ objectives, goals and needs which vary depending on the stage they are at on their journey.