Hong Kong is an attractive place for immigration. It is a reputable financial centre with well developed legal framework which provides a favorable environment for doing business. There is no foreign exchange and capital control in Hong Kong, money can transfer and exchange freely without restriction. For Investors who have net assets not less than HK$ 10 million and would like immigrate to Hong Kong can apply through the Capital Investment Entrant Scheme (“CIES”).
As we are a Certified Public Accountant (Practising) (“CPA (Practising)”), so we can provide a one-stop service to our customers from filing the application for “CIES” to the preparation of report to Immigration Department (“IM”) with an effective cost. This advantage allows us to close follow each case and understand the status of application and our deep experience should help to smooth the whole process.
Qualifications for Applying “CIES”:
Role of Certified Public Accountant (Practising)
As set out in paragraph 2.1(b) of the Capital Investment Entrant Scheme (“CIES”), an applicant has to meet the eligibility criteria, among others, that he has Net assets or Net equity to which he is absolutely beneficially entitled with a Market value of not less than HK$10 million Net throughout the two years preceding the date he lodged his application for Approval-in-Principle or Formal Approval.
To streamline the procedure and to shorten the processing time, with effect from 16 March 2009, applicants under the “CIES” may at their own cost engage a Certified Public Accountant (Practising) (“CPA (Practising)”) who is a member of the Hong Kong Institute of Certified Public Accountants to issue a report to demonstrate that they meet the requirement of paragraph 2.1(b) of the Scheme Rules. The report may be submitted to the Immigration Department together with the CIES application form. The new arrangement is also applicable to applications submitted before the implementation date.