Are you interested in Asia? In this article we tell in detail about the program for those who would like to move to Hong Kong to live and work there. This is the Hong Kong Investment Visa for outstanding talent. The “Top Talent Pass” (TTPS) program in Hong Kong designed to facilitate the employment of special candidates.
There are several grounds for applying the Hong Kong Investment Visa. From all options we recommend to focus on category A.
So, who may apply for The Top Talent Pass (A)?
Persons who received a salary of at least $320,000 during the 12 months (about $26,700 per month) immediately preceding the date of application. In addition, the main applicant will need to show the presence of higher education and work experience in the specialty.
How to confirm the needed salary level for Hong Kong Investment Visa (TTPS)?
To provide documents that may include a notice of salaries tax assessment from a local competent authority (e.g., taxation office or revenue department). Or documentary proof issued by the applicant’s employing company specifying the value of stock options granted to the applicant. Or maybe a documentary proof of the financial standing of the applicant’s self-owned companies. Such as the latest audited financial report, trading profit and loss account, or profit tax return.
If an applicant’s income is not denominated in Hong Kong dollars, they can choose from 17 other major currencies available in the online application service.
Therefore, successful applicants receive an initial residence permit for 24 months, during which may start a business, change jobs, and move freely within and outside Hong Kong without a re-entry visa. Also, applicants may bring their dependents so they would be allowed work or study legally in Hong Kong.
Accompanying Family
So, the application for Hong Kong Investment Visa (TTPS) may include a legal spouse and children under 18 years of age. Dependents can work, study or run a business based on their dependent status. Parents over 60 are eligible for a dependent visa once the sponsor (main applicant) has obtained permanent residence in Hong Kong.
It takes 8 weeks to process a Hong Kong Investment Visa after submitting an application to the Hong Kong Immigration Department. But to obtain permanent residence in Hong Kong, you will need to live for 7 years.
Banking Access
Personal accounts with both Hong Kong local and international banks in Hong Kong are immediately available under this visa strategy. Traditional corporate banking facilities can be organized in Hong Kong once the newly established entity has traded for 18 months and the first audited financial accounts are available. In the meantime, corporate banking facilities for the Hong Kong entity can be arranged with good banks in France and Turkey.
The path to obtaining a Hong Kong visa is not easy, but the Hong Kong APEX expert has extensive experience and successful cases of passing all stages.
