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What is the change? Hong Kong has expanded the Technology Talent Admission Scheme (TechTAS).
What does the change mean? TechTAS, which provides streamlined visa processing to qualifying companies, is now open to all companies conducting research and development in any of 13 technology areas. Previously, TechTAS was only available to employers in seven technology areas who operated inside the Hong Kong Science and Technology Parks Corporation and Cyberport. The new technology areas are 5G communications, digital entertainment, green technology, integrated circuit design, the Internet of Things and microelectronics.
Background: Hong Kong launched TechTAS as a pilot program in 2018, kicking off a new effort to attract top international technology talent. Up until now, the program was limited to HKSTPC and Cyberport employers within seven technology fields. Hong Kong Chief Executive Carrie Lam announced plans to expand the program last fall. Officials announced on Jan. 30 that the program is now open to any company conducting research and development in any of the following technology areas:
Analysis & Comments: The expansion of TechTAS reflects Hong Kong’s continuing goal of attracting more high-level technology talent. The expanded program will be beneficial to eligible companies in relevant fields.
Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2020. For information, contact Deloitte Touche Tohmatsu Limited.
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