We have not long ago experienced a pair of appealing Hong Kong investment visa ‘wins’ which fly in the facial area of the usually parlayed mantra that ‘one male enterprises never ever get approved’ by the HK Immigration Section (the “HKID”).
What follows are unable to be mentioned to implement in each one instance of a a single-guy only financial investment visa software for Hong Kong, but it does converse to the fact that these kinds of organizations CAN in point acquire an approval from the HKID – if only you have:
- A persuasive rationale for starting up out as a one operator.
- Easily available cash to make investments at a stage that is relatively greater than the bare least 6 months income circulation.
- A dynamic in your small business approach that is persuasive or in any other case features eye-catching or scarce ‘human capital’ to the HKSAR.
- A manifestly noticeable intention to produce local positions at some point, if not instantly.
- Your ducks in any other case absolutely lined up!
With the information a little bit adjusted to defend the confidentiality of our shoppers, here are the vital situations of 2, separate ‘one man businesses’ which went on to protected the acceptance of the HKID less than our counsel and with us handling the apps.
The to start with concerned an inside style and design products and services expert who had a number of decades prior home in Hong Kong as an worker but was changing careers fully in becoming a member of in his new business. His small business was ‘him’, for all intents and applications but he did have some ‘family IP’ which he was bringing to the small business, which his father had used in a very similar loved ones organization in the British isles for around 30 a long time. While his father experienced retired some years formerly, he was appointed to the board of our client’s just one gentleman minimal legal responsibility business and was manifestly heading to assistance out his son out with counsel and assistance. Toss in 12 months worth of cash ready to commit, the guidance of specific HK contacts who indicated they would deliver organization to this, at first, a person gentleman operation and a prepare which clearly shown that if the progress trajectory was realized, new employment would be created as absolutely sure as night time follows working day, the HKID bought into the argument and authorized the application with no far more fuss than can be envisioned in which there are substantially larger scale investment options for Hong Kong.
The 2nd instance took in a female mental overall health qualified in a profession that does not need official registration in the HKSAR and who was looking for to established up a new observe, possessing developed fatigued of doing work in a recent work in Hong Kong which was not in any way related with her actual qualifications. As it took place, the industrial rationale for starting up the business enterprise was normally heading to be nebulous – she was the products, just after all, and she only had a finite volume of time that she could sell. Undoubtedly, at minimum a person local occupation was to be produced 4 months into the small business program and the money offered for financial investment was literally just sufficient for established up and 6 months’ cash stream. Even so, her location of skills was so persuasive and in such short offer in the HKSAR, our suggestions was that the ‘substantial contribution’ component of the investment decision visa approvability exam need to be argued in the context of the aid afforded to stressed out Hong Kong bankers and legal professionals and that her observe was in no way heading to be a important money spinner throwing off new jobs left appropriate and centre. It worked and her visa was approved in double-rapid time.