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The new 'Capital Investment Entrant Scheme' was launched in October 2003.
The objective of the scheme is to facilitate the entry for residence by
capital investment entrants, i.e. persons who make capital investment
in Hong Kong but would not, in the context of the scheme, be engaged in
the running of any business here. The new capital brought in by the entrants
is beneficial to the economic development of Hong Kong. The scheme is
generally applicable to foreign nationals, Macau SAR residents, Chinese
nationals who have obtained permanent resident status in a foreign country,
stateless persons who have obtained permanent resident status in a foreign
country with proven re-entry facilities and residents of Taiwan. Successful
applicants are required to invest in Hong Kong not less than $6.5 million
in real estate or permissible financial assets, i.e. equities, debt securities,
certificates of deposits, subordinated debt and other eligible Collective
Investment Schemes. As at the end of 2003, a total of 150 applications
had been received of which 19 formal approvals and 35 approvals-in-principle
had been granted. The 19 entrants with formal approval had invested a
total of $144.27 million. |
