Three visa applications have been approved under Hong Kong’s New Capital Investment Entrant Scheme, resulting in an investment influx of HK$30 million, according to the Immigration Department.
Since the scheme’s inception on March 1, the department has recorded over 3,700 inquiries and received 339 applications. As of Wednesday, 88 applicants were granted approval-in-principle visas, each valid for 180 days to facilitate their investments, while three applicants have successfully received full visas.
The scheme is projected to bring in over HK$10 billion in investments if the trend continues and more than 300 applications are approved.
Benson Kwok Joon-fung, Director of Immigration, emphasized the government’s commitment to expediting the processing of remaining applications. He assured that the department is working in tandem with InvestHK to foster a more business-friendly environment in Hong Kong.
Alpha Lau Hai-suen, Director-General of InvestHK, highlighted the scheme’s potential to draw a vast pool of talent to the region. He noted that it attracts successful business figures and innovative entrepreneurs, thereby bolstering Hong Kong’s asset and wealth management industry.
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