We have lately experienced a few of interesting Hong Kong investment decision visa ‘wins’ which fly in the confront of the commonly parlayed mantra that ‘one guy firms by no means get approved’ by the HK Immigration Section (the “HKID”).
What follows can’t be explained to apply in every single solitary occasion of a one particular-guy only expenditure visa software for Hong Kong, but it does communicate to the reality that this sort of businesses CAN in simple fact get an approval from the HKID – if only you have:
A powerful rationale for starting out as a single operator.
Easily offered fastlanehr.hk to make investments at a amount that is relatively greater than the bare least six months income movement.
A dynamic in your enterprise plan that is persuasive or or else delivers attractive or scarce ‘human capital’ to the HKSAR.
A manifestly apparent intention to generate local positions at some point, if not immediately.
Your ducks otherwise completely lined up!
With the specifics somewhat adjusted to defend the confidentiality of our consumers, right here are the important circumstances of 2, separate ‘one guy businesses’ which went on to protected the acceptance of the HKID under our counsel and with us handling the programs.
The very first involved an interior layout services skilled who experienced a few several years prior home in Hong Kong as an employee but was altering careers completely in becoming a member of in his new enterprise. His enterprise was ‘him’, for all intents and reasons but he did have some ‘family IP’ which he was bringing to the business, which his father had applied in a comparable household company in the British isles for over 30 a long time. Whilst his father experienced retired some many years formerly, he was appointed to the board of our client’s 1 gentleman restricted liability firm and was manifestly going to assist out his son out with counsel and suggestions. Throw in 12 months really worth of money ready to commit, the help of particular HK contacts who indicated they would provide enterprise to this, initially, one gentleman operation and a strategy which obviously demonstrated that if the expansion trajectory was achieved, new jobs would be developed as sure as night time follows working day, the HKID bought into the argument and authorized the application with no more fuss than can be predicted the place there are considerably more substantial scale expenditure plans for Hong Kong.
The 2nd instance took in a female psychological health expert in a profession that does not call for official registration in the HKSAR and who was seeking to established up a new exercise, possessing grown tired of working in a existing job in Hong Kong which was not in any way related with her genuine qualifications. As it occurred, the commercial rationale for beginning the organization was always going to be nebulous – she was the merchandise, soon after all, and she only had a finite sum of time that she could sell. Undoubtedly, at minimum one particular neighborhood work was to be developed 4 months into the company prepare and the money available for investment decision was practically just enough for established up and 6 months’ money flow. Nonetheless, her area of experience was so persuasive and in such limited offer in the HKSAR, our advice was that the ‘substantial contribution’ aspect of the investment decision visa approvability check should be argued in the context of the assist afforded to stressed out Hong Kong bankers and legal professionals and that her apply was never heading to be a key cash spinner throwing off new jobs remaining proper and centre. It labored and her visa was approved in double-rapid time.