We are talking about the Capital Investment Entrant Scheme. The so-called “golden visa” will be available from 2024, and the minimum investment threshold is set at $3.8 million.
The updated version of the program has a number of conditions for applicants. Firstly, applicants must be over 18 years old. The program does not have a limited number of people who can apply. Cash investments must be invested for a minimum of 7 years and in sectors that are strategically important for Hong Kong. These can be securities, deposits, shares of the Hong Kong Stock Exchange, etc. At the same time, you can invest in land and non-residential buildings, but not in residential real estate. Investors must be reliable, have no criminal record and prove the legal origin of the capital.
By resuming the program for the first time since 2015, Hong Kong authorities are trying to provide new opportunities for economic growth and development.