Hong Kong employment visas
- Clients wishing to open a company in Hong Kong may find that costs of living in the city can be higher than in some western countries. Families, especially, may find housing and schooling to be expensive in comparison with their home countries.
- Hong Kong visa applications require extensive supporting documentation, which can make the process very cumbersome. Hence, prior to moving to the city, Clients are advised to conduct extensive research or engage the assistance of a corporate services firm;
- If our Clients request, Healy Consultants will be pleased to assist with applying for employment and residence visas at the Immigration Department.
- Healy Consultants’ fees to assist our Client obtain a work permit is US$7,950;
The two important visa schemes associated with Hong Kong company are:
- The ‘Entry for Investment’ visa is an employment pass best suited for foreigners who wish to work in Hong Kong;
- Entrepreneurs will be required to prove their credentials and show a business plan affirming their investment as being largely beneficial to the local economy;
- Certain nationalities are not eligible for an investment visa. Citizens from Afghanistan, Albania, Cambodia, Cuba, Laos, North Korea, Nepal, and Vietnam are unable to be self-employed in the city.
- Also, citizens of mainland China cannot be self-employed unless they are permanent residents of another country or have been living abroad for at least one year;
- A successful ‘Entry for investment’ application requires the following:
- Application submitted by the sponsoring company;
- Proof of academic qualifications and relevant working experience;
- Investment plan including details of proposed business activities and monetary amounts for two years;
- Copy of Hong Kong company formation and other particulars (e.g. IRD registration certificate);
- Copy of applicant’s passport and payment of fees.
- The approval process takes around four weeks and the visa granted will be valid for a 1-year period. The visa may be extended, on the condition that the eligibility criteria for entry is still being met. Extensions will likely follow the 2-2-3 years pattern.
Employment as a Professional visa is an employment pass best suited for individuals who wish to work in the city as an employee. The employment visa is split into three categories dependent on the nationality and education of the applicant:
- Immigration arrangements for Non-local Graduates “IANG”
Non-local graduates refer to individuals who completed full-time studies (Diploma, Degree, Qualification) in recognized Hong Kong institutions. Fresh graduates, i.e. applying within 6 months of graduation, are not required to have secured employment prior to applying for this employment pass. Returning graduates, i.e. applying over 6 months post-graduation, must secure employment prior to applying for a work permit.
- General Employment Policy “GEP”
This employment pass applies to individuals who are not non-local graduates but are educated, skilled, or have experience which will add value to the city’s economy. The applicant’s education or work experience should be related to the field of employment and there should be a genuine job vacancy with a market value remuneration package.
- Admission Scheme for Mainland Talents and Professionals “ASMTP”
This employment pass is specific to mainland Chinese people, except those that have been living outside of China for over a year and are eligible for the GEP. Applicants must be educated, skilled or have work experience in a field which will add value to the economy. Similarly, there should be a real job vacancy and the remuneration package should be around market value. There are no quotas or sector-specific requirements under this scheme.
- A successful employee visa application requires the following from an applicant:
- Visa application submitted by the individual;
- Copy of the employment contract/letter of appointment printed on company letterhead and detailing the position, salary, fringe benefits, and employment periods;
- Copy of applicant’s passport and payment of fees;
- Copy of graduation certificate or a transcript of academic records from the degree awarding institution and any relevant work experience;
- Application for Employing Professionals submitted by the employing company;
- Proof of Hong Kong company formation;
- Copy of the latest audited financial report of the employing company;
- Documents detailing the background of the employing company, including business activities and mode of operation, amongst other things;
- Letter of consent from applicant’s present working unit.
- The approval process takes around four weeks and the visa is valid for a 1-year period. The visa may be extended, on the condition that the eligibility criteria for entry is still being met. Extensions will likely follow the 2-2-3 years pattern.