1.

Service Fees

Kaizen offers two flexible options for handling Compliant CPA Reporting towards a New CIES application:

2.

Payment Term and Method

3.

Eligibility Criteria

(1) Entry Application

Applicants who satisfy the following criteria may qualify under the New CIES:

(a) Age: the applicant is aged 18 or above at the time of applying for Net Asset assessment with InvestHK;

(b) Scope of the Scheme: the applicant must be:

i)     A foreign national, excluding nationals of Afghanistan, Cuba, and Democratic People’s Republic of Korea;

ii)     A Chinese national who has obtained permanent resident status in a foreign country;

iii)     A Macao Special Administrative Region resident; OR

iv)     A Chinese resident of Taiwan;

(c) Net assets: the applicant has net assets or net equity to which he is absolutely beneficially entitled with a market value of not less than HKD 30 million Net (or equivalent in foreign currencies) throughout the six months preceding the date the application is lodged for Net Asset Assessment to InvestHK;

(d) Investment in Permissible investment assets: the applicant must make the committed investment in Permissible investment assets to which he is absolutely beneficially entitled anytime between 180 days before the lodging of the Net Asset Assessment (or March 1^st, 2024, whichever is later) and 180 days after the Approval-in-Principle is granted by the ImmD (please refer to Attachment A of our Hong Kong – New CIES Application Procedures and Fees for further details regarding the Permissible investment assets);

(e) No adverse record: the applicant has no adverse immigration record and meets normal immigration and security requirements; AND

(f) Financial Sufficiency: the applicant can financially support and accommodate himself and his dependents, if any, without relying on any return on the Permissible investment assets, employment, self-employment, office, business or public assistance in or carried on in Hong Kong as the case may be.

(2) Extension of Stay Application

Applicants who satisfy the following criteria may qualify for an extension visa under the New CIES:

(a) Portfolio Maintenance Requirement: the applicant shall comply with Portfolio Maintenance Requirement (please refer to Attachment B of our Hong Kong – New CIES Application Procedures and Fees for details). Not earlier than 3 months before expiry of his initial limit of stay, the applicant must request the New CIES Office to verify his continuous compliance with the Portfolio Maintenance Requirement and submit an application for extension of stay to the ImmD before expiry of his limit of stay.

4.

Required Documentation and Responsibilities of the applicant

Depending on the asset class, the applicant may be required to provide a valuation report for the relevant asset under assessment. This report must be prepared by a valuation expert who is professionally qualified in the jurisdiction where the asset is located.

Additionally, the applicant must submit compliant – to the satisfaction of the CPA (Practising) – evidence of ownership of the relevant asset class as to enable the CPA (Practising) to conduct the required verification and prepare the Fulfillment documents and CPA reporting.

5.

Important Notes

The Director of Immigration has absolute discretion to approve or disapprove an application for residence made under the New CIES. Any investment in the HKSAR is and remains the sole decision and responsibility of the entrant. The Director of Immigration and the HKSAR Government shall not be liable to the entrant for any loss on any investment pursuant to the Scheme howsoever arising.

(3)

(4)

(5)

Kaizen is solely responsible for the preparation of the Fulfillment documents as outlined in this service proposal. For clarity, Kaizen is not responsible for the processing, submission, or outcome of the New CIES application. Please refer to Hong Kong – New CIES Application Procedures and Fees for our full-service package.

The length of stay of dependants will normally be linked to that of their sponsors.

Entry of dependants does not apply to former Mainland Chinese residents residing in the Macao S.A.R. who have obtained Macao identity cards for less than 7 years, unless they have acquired residence in the Macao S.A.R. through the One-way Permit Scheme.

6.

Procedures and Timeline

** The estimated time is based on high cooperation between Kaizen and the client.

*** The estimated time does not include delays caused by relevant government agencies.

If you wish to obtain more information or assistance, please visit our official website at www.kaizenvis.com or contact us through the following means: