We have not long ago had a couple of fascinating Hong Kong investment visa ‘wins’ which fly in the face of the typically parlayed mantra that ‘one man companies never ever get approved’ by the HK Immigration Office (the “HKID”).
What follows won’t be able to be claimed to implement in every one instance of a just one-male only financial commitment visa software for Hong Kong, but it does talk to the truth that these kinds of corporations CAN in reality receive an approval from the HKID – if only you have:
- A powerful rationale for commencing out as a single operator.
- Commonly available resources to make investments at a degree that is relatively larger than the bare least 6 months hard cash circulation.
- A dynamic in your organization prepare that is persuasive or normally gives appealing or scarce ‘human capital’ to the HKSAR.
- A manifestly noticeable intention to build neighborhood employment eventually, if not right away.
- Your ducks if not completely lined up!
With the points a little modified to defend the confidentiality of our clientele, below are the necessary situation of 2, independent ‘one man businesses’ which went on to protected the approval of the HKID beneath our counsel and with us taking care of the applications.
The initially included an inside layout services experienced who had a couple of a long time prior residence in Hong Kong as an worker but was shifting careers completely in becoming a member of in his new enterprise. His business enterprise was ‘him’, for all intents and uses but he did have some ‘family IP’ which he was bringing to the business, which his father had applied in a comparable relatives business in the British isles for in excess of 30 a long time. Whilst his father experienced retired some years earlier, he was appointed to the board of our client’s a single man constrained legal responsibility organization and was manifestly going to enable out his son out with counsel and suggestions. Toss in 12 months really worth of cash ready to commit, the help of certain HK contacts who indicated they would supply company to this, to begin with, a person person operation and a plan which evidently demonstrated that if the expansion trajectory was accomplished, new employment would be established as sure as night time follows working day, the HKID purchased into the argument and authorized the software with no much more fuss than can be envisioned wherever there are much greater scale expense designs for Hong Kong.
The next occasion took in a feminine psychological wellness qualified in a profession that does not involve formal registration in the HKSAR and who was trying to find to set up a new observe, possessing grown drained of operating in a existing occupation in Hong Kong which was not in any way linked with her actual skills. As it transpired, the industrial rationale for beginning the business was normally heading to be nebulous – she was the merchandise, following all, and she only had a finite volume of time that she could provide. Surely, at minimum a person neighborhood job was to be designed 4 months into the organization strategy and the income available for investment was virtually just adequate for established up and 6 months’ money circulation. On the other hand, her location of experience was so compelling and in such short supply in the HKSAR, our suggestions was that the ‘substantial contribution’ element of the expenditure visa approvability check need to be argued in the context of the aid afforded to stressed out Hong Kong bankers and legal professionals and that her practice was by no means going to be a significant income spinner throwing off new positions remaining right and centre. It worked and her visa was authorised in double-fast time.