We are excited to inform you about the recent enhancements to the Capital Investment Entrant Scheme (CIES), announced by the Financial Services and the Treasury Bureau in collaboration with InvestHK. These updates aim to make the scheme more accessible and beneficial for potential applicants.
Key Updates Effective from March 1st
Simplified Asset Verification
The asset verification period has been shortened from two years to six months, reducing the complexity and difficulty of providing extensive financial documentation. This change is expected to streamline the application process and make it more efficient.
Enhanced Flexibility
The new measures also provide greater flexibility in meeting the investment requirements. For instance, setting up a family office now requires a minimum investment of HKD 240 million, which can also fulfill the CIES investment requirement, offering a "two birds with one stone" solution.
Impact of the Scheme
Since its launch, the CIES has received over 800 applications, with 733 passing the asset verification and 240 completing the HKD 30 million investment in Hong Kong. If all applications are approved, the scheme is expected to bring over HKD 24 billion in investments to Hong Kong.
We hope these updates provide you with a clearer understanding of the recent changes to the CIES. Should you have any questions or require further assistance, please do not hesitate to contact our CEO Amie Cheung.