The Hong Kong Business Visa facilitates entrepreneurs wishing to relocate and run their businesses in the Hong Kong Special Administrative Region. To qualify, individuals must be at least 18 years old, possess good moral character, and hold a clean criminal record. Essential prerequisites include incorporating a business in Hong Kong. This viable business plan contributes to local employment and economic growth, as well as a sound educational background, preferably with an undergraduate degree in business.
What is Needed?
Applicants must showcase financial capability to support their business. Though specific minimums are not stipulated, it varies based on the business type. The application process involves submitting the Hong Kong Visa Application Form and essential documents, including passport copies, academic and work experience certificates, business registration details, and a comprehensive two-year business plan. For those seeking sponsorship, additional documents from the sponsor, either a company or an individual, are required.
The application is submitted to the Hong Kong Immigration Department, with processing times ranging from 2-5 months. Collaboration with professional firms is recommended for a precise application, reducing the risk of rejection. Successful applicants can bring their families to Hong Kong, including spouses and children under 18, and may apply for permanent residence. The visa’s validity is contingent on the business’s profitability, ensuring a dynamic link between business success and visa extension.
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