DISCLAIMER: This post was last modified on 18 November 2024. Some information in this article may not be updated.

According to the recent changes in the Hong Kong investment migration scheme outlined by Chief Executive Mr. John Lee in his 2024 policy address, residential property will now qualify as part of the required investment.  

Hong Kong Investment Migration Scheme: A closer look

Relaunched on 1 March 2024, the New Capital Investment Entrant Scheme (CIES) allows foreign nationals and Chinese residents of Taiwan, residents of Macau Special Administration Region and Chinese nations who have obtained permanent resident status in a foreign country to qualify for a two-year visa provided they invest at least HK$30 million in Permissible Investment Assets, including non-residential real estate or financial products. In addition, those who are able to extend their visa and stay in Hong Kong for seven years are eligible to reach permanent residency in the city. 

As of 16 October 2024, residential property investments are now allowed under the CIES as part of the HK$30 million minimum investment requirement. The updated regulations allow applicants to include one single residential property with a transaction price of HK$50 million or above. However, the total investment amount in real estate is counted toward the fulfillment of minimum investment threshold is subject to an aggregate cap of HK$10 million. Non-residential real estate, whether commercial and/or industrial in Hong Kong is allowed as well.  

Applicants under the Scheme may engage a Certified Public Accountant (Practising) who is a member of the Hong Kong Institute of Certified Public Accountants to demonstrate that the applicants meet the requirement of the Scheme Rules by issuing a report, in order to simplify the process and reduce processing time.  

For more information about this development and if you plan to explore the opportunities in Hong Kong through its investment migration scheme in Hong Kong, please do not hesitate to contact our office in Hong Kong so we can discuss your needs.  

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