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The Chief Executive’s 2023 Policy Address last week included a series of measures designed to attract foreign nationals to live and work in Hong Kong.
Key Points:
• Re-implement a Capital Investment Entrant Scheme that will provide entry to Hong Kong for foreign investors who invest at least 30 million HKD (about US$3.8 million) in assets such as stock, bonds and funds (not including real estate). Hong Kong introduced the scheme in 2003 but suspended it in 2015.
• Expand the coverage of universities under the Top Talent Pass Scheme by adding eight schools to the network, bringing the total to 184. The program allows foreign nationals to live and work in Hong Kong for two years if they have an annual salary of at least 2.5 million HKD, have graduated from one of the world’s top 100 universities and have at least three years of work experience.
• Relax visa requirements for talent from Laos, Nepal and Vietnam.
• Provide issuance of two-year multiple-entry visas for mainland Chinese employees of companies registered in Hong Kong.
• Create a pilot program to allow foreign students at some vocational schools to remain in Hong Kong for one year following graduation to find a relevant job in their field. The program will be reviewed after two years.
Background: More information on the changes announced in the policy address are available here.
This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.
Copyright © 2023 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries, please contact copyright@bal.com.
IMPACT — MEDIUM
Hong Kong immigration authorities announced they will modify visa application procedures for some individuals traveling for training or working holiday purposes.
BAL Analysis: Hong Kong authorities will require some visa applicants to declare whether they have previous criminal convictions to increase security throughout the region.
Copyright © 2023 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
Hong Kong immigration authorities have increased the number of occupations on the Talent List.
Additional Information: More information regarding the expanded Talent List and guidance for applying under various immigration schemes is available on the Hong Kong Talent Engage website.
BAL Analysis: Hong Kong authorities expanded the Talent List to meet the region’s development needs and attract more highly skilled foreign nationals to live and work in the region.
This alert has been provided by BAL’s Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.
Hong Kong immigration authorities have updated the booking system for Hong Kong identification card applications.
Additional Information: The ROP services appointment booking system has been extended from 24 business days to 96 business days.
BAL Analysis: Hong Kong authorities improved the appointment system for identification cards to reduce processing times and streamline services.
Hong Kong immigration authorities have announced they will require some Talent Admission Scheme applications to be submitted online.
BAL Analysis: Hong Kong authorities introduced the online application submission process to streamline filings and reduce processing times. Foreign nationals will no longer be able to submit applications in person.
Hong Kong immigration authorities announced that they are requiring Talent Admission Scheme applicants to provide their criminal history.
BAL Analysis: Hong Kong authorities introduced the new criminal convictions requirement to reduce security issues for those traveling to the region.
Hong Kong immigration authorities recently launched an online visa information portal for foreign nationals to learn about visa eligibility requirements.
BAL Analysis: Hong Kong authorities launched the Talents Service Unit online platform to attract foreign talent and streamline its immigration services.
Hong Kong immigration authorities recently relaxed rules for the General Employment Policy (GEP) and the Admission Scheme for Mainland Talents and Professionals (ASMTP).
Additional Information: Qualifying foreign nationals living outside of Hong Kong can continue filing online extension of stay applications until June 30, 2023. More information regarding the changes is available on this website.
BAL Analysis: Hong Kong authorities relaxed rules for the GEP and ASMTP in accordance with Hong Kong’s 2022 policy address. Eligible sponsors and foreign nationals may benefit from relaxed rules for the aforementioned visa programs, leading to shorter application processes and faster adjudication times.
Copyright © 2022 BAL Global Practice Group. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
IMPACT – MEDIUM
Hong Kong authorities recently announced that they have eased COVID-19 entry requirements
BAL Analysis: Hong Kong authorities continue to lift COVID-19 health measures as the virus situation improves around the world. Travelers are reminded that COVID-19 entry requirements can change with little or no notice. The response to the COVID-19 pandemic continues to develop, and BAL will provide additional updates as information becomes available.
This alert has been provided the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.
Copyright © 2022 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
Authorities have announced a series of initiatives to attract foreign nationals to live and work in Hong Kong.
The changes were announced in the Chief Executive’s 2022 Policy Address. Authorities are planning to:
Additional Information: More information regarding the planned changes is available in the policy address here.
BAL Analysis: Hong Kong authorities introduced a number of immigration initiatives to address labor market shortages and help the economy recover from COVID-19. Implementation dates have not been announced at this time. BAL will provide more information as it becomes available.