Hong Kong’s New Investor Visa Program Attracts Over HK$10 Billion Inflows
Discover how Hong Kong is luring wealthy individuals and families with its new investor visa program, bringing in over HK$10 billion in investments.
Hong Kong is making strides in attracting wealthy individuals and families back to its shores, competing with other global hubs like Singapore and Dubai. According to government figures, over HK$10 billion ($1.28 billion) has flowed into Hong Kong through a new investor visa program.
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The Capital Investment Entrant Scheme has seen a significant number of visa applications approved in record time, with 339 applications received between March and June. Of those, 88 have been approved in principle for 180-day visas, while three have already been fully approved for investments totaling HK$30 million.
This influx of investment comes at a crucial time for Hong Kong, which has faced challenges due to lockdowns and other setbacks. The city is eager to regain its status as a premier destination for the wealthy and their families, especially as rival locations like Dubai and Singapore have been ramping up their own offerings to attract high-net-worth individuals.
Hong Kong's new investor visa regime is proving to be a success, with a significant amount of capital flowing into the city. As the government continues to streamline the application process and attract more investors, Hong Kong is well-positioned to reclaim its status as a top destination for the wealthy.
Hong Kong’s New Investor Visa Program Attracts Over HK$10 Billion Inflows
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