Hong Kong Investment decision Visa for Hong Kong – One particular-Male Companies Can Obtain Acceptance

We have recently had a few of intriguing Hong Kong expenditure visa ‘wins’ which fly in the face of the commonly parlayed mantra that ‘one guy organizations by no means get approved’ by the HK Immigration Department (the “HKID”).

What follows are unable to be said to utilize in every single one instance of a one particular-gentleman only investment visa software for Hong Kong, but it does converse to the fact that such companies CAN in simple fact receive an acceptance from the HKID – if only you have:

A compelling rationale for starting out as a single operator.
Conveniently offered cash to invest at a level that is relatively greater than the bare minimal six months income stream.
A dynamic in your business strategy that is persuasive or normally provides appealing or scarce ‘human capital’ to the HKSAR.
A manifestly clear intention to develop nearby employment ultimately, if not right away.
Your ducks in any other case totally lined up!

With the facts a bit altered to safeguard the confidentiality of our consumers, below are the crucial situation of 2, different ‘one man businesses’ which went on to safe the approval of the HKID underneath our counsel and with us controlling the apps.

The very first involved an inside design services professional who had a number of many years prior residence in Hong Kong as an staff but was altering careers entirely in signing up for in his new company. His business was ‘him’, for all intents and needs but he did have some ‘family IP’ which he was bringing to the business, which his father experienced used in a related loved ones organization in the British isles for in excess of thirty several years. Even though his father had retired some many years beforehand, he was appointed to the board of our client’s a single man constrained liability firm and was manifestly going to aid out his son out with counsel and tips. Toss in twelve months value of money completely ready to make investments, the support of specific HK contacts who indicated they would provide company to this, at first, one particular man procedure and a strategy which obviously demonstrated that if the progress trajectory was accomplished, new jobs would be created as confident as night time follows working day, the HKID acquired into the argument and accredited the application with no much more fuss than can be expected exactly where there are much greater scale investment programs for Hong Kong.

The second instance took in a female mental health skilled in a job that does not demand formal registration in the HKSAR and who was in search of to established up a new follow, getting grown fatigued of functioning in a current work in Hong Kong which was not in any way connected with her real skills. As it occurred, the professional rationale for starting the organization was constantly likely to be nebulous – she was the merchandise, soon after all, and she only experienced a finite sum of time that she could market. Undoubtedly, at FastLane HR was to be created four months into the business program and the cash available for expenditure was literally just sufficient for established up and 6 months’ funds circulation. However, her region of experience was so compelling and in this kind of limited source in the HKSAR, our guidance was that the ‘substantial contribution’ element of the expenditure visa approvability check should be argued in the context of the aid afforded to pressured out Hong Kong bankers and attorneys and that her apply was never going to be a key funds spinner throwing off new work still left appropriate and centre. It labored and her visa was approved in double-swift time.

Leave a reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>