Foreign entrepreneurs who wish to establish and operate their own business in Hong Kong may apply for the Entrepreneur Visa in Hong Kong. The main requirements are business incorporation in Hong Kong and a solid 2-year business plan proving that new business will make a significant contribution to the economy of Hong Kong.
There is no minimum investment requirement, however the authorities closely examine entrepreneur’s education and professional background and business plan to assess if the proposed investment is sufficient and will create jobs for the locals.
Work visas are required for those who wish to come to Hong Kong to take up an employment with a Hong Kong registered company. The background of the sponsoring company and education and working experience of the applicant play a crucial role for the success of application. The chances to obtain work visa are much higher for middle and senior management positions.
It usually takes 4 weeks to process visa. It's issued for one-year period and is renewable thereafter. Visa holder is also eligible to apply for Hong Kong permanent residence after meeting the 7-year residence requirement.
It’s highly recommended to apply for Entrepreneur and Work Visa via a professional firm that will help to draft a solid business plan and assist with all administrative matters to increase chances for approval. Our seasoned Hong Kong based team helps in every step of application process taking care about all small details that count.