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Hong Kong: HK$30 Million and the Return of the Gateway

Two years after its relaunch, the New CIES has drawn more than 3,100 applications and an expected HK$95 billion — and the March 2026 rule changes made the door swing easier still.

The context

Relaunched on 1 March 2024 after a nine-year suspension, the New Capital Investment Entrant Scheme requires net assets of HK$30 million (≈US$3.85m) held for just six months — cut from two years in March 2025, with jointly held family assets now countable — and an investment of the same amount. Year-two applications surged 145% over year one; nearly 70% of capital flows to SFC-authorised funds and listed equities, and approved applicants have already channelled more than HK$60 billion into permissible investments.

Programme mechanics

The HK$30 million splits into HK$27 million of permissible assets — funds, listed equities, debt, non-residential real estate capped at HK$10 million, or a single residential property of HK$30 million-plus (permitted since September 2025, with, tellingly, zero uptake) — and HK$3 million into the government's CIES Investment Portfolio managed by the Hong Kong Investment Corporation for innovation and strategic industries.

From 1 March 2026, a wholly owned private holding company of any age may hold the assets — the previous six-month incorporation minimum is gone — and visa renewals may be filed 90 days early. A practising CPA certifies fulfilment; the visa pattern is 3+3+2 years.

 

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PROGRAMME AT A GLANCE — JULY 2026

INVESTMENT : HK$30m (~US$3.85m)

OF WHICH PORTFOLIO : HK$3m to HKIC

PERMANENT RESIDENCY : 7 years (3+3+2)

APPLICATIONS TO DATE : 3,100+ / HK$95bn


 

Strategic analysis

Permanent residency arrives at year seven — and with it a Hong Kong SAR passport reaching about 175 destinations. What Hong Kong sells is an institutional position: no capital-gains, dividend or worldwide-income tax, first-ranked tax policy under common law, and the family-office concessions (FIHV structures at HK$240 million-plus aggregate assets) into which the scheme deliberately feeds — an Applicant may transfer CIES assets into a family-owned vehicle managed by an eligible single family office to capture the tax concession regime.

Startup & Entrepreneur Route

For founders without HK$30 million, Hong Kong's real offer is capital-free: the General Employment Policy's investment-as-entrepreneur stream admits founders on a credible two-year business plan, with admission to a government-backed incubator — Cyberport or Hong Kong Science and Technology Parks — treated as strong supporting evidence; the Top Talent Pass Scheme (TTPS) admits high earners (HK$2.5 million-plus annual income) and graduates of the world's top universities without any job offer; and the Quality Migrant Admission Scheme runs on points.

Invest HK's Startmeup—the foreign direct investment department of the HKSAR Government

HK framework, SFC-regulated fundraising, and the 8.25%/16.5% two-tier profits tax complete the picture. The strategic pairing observed since 2024: the founder enters on TTPS or the entrepreneur stream, scales the venture, and later files the CIES for the family — capital following talent, in the direction Hong Kong intends.

INVESTOR CASES — ANONYMISED COMPOSITE PROFILES

The Shenzhen exited founder with Canadian PR, 44

Qualifying as a Chinese national with foreign permanent residence, he moved HK$32m into SFC-authorised funds and Hong Kong-listed bonds within four months of approval-in-principle, using a newly incorporated wholly owned SPV under the March 2026 rule. The CIES is his re-entry to Asia after a decade in Vancouver — the HK$3m HKIC tranche he treats as a policy tax cheerfully paid for a seven-year runway to right of abode.
 

The Jakarta family office matriarch, 60

Structured the file around the family-office regime: the CIES assets sit inside an FIHV managed by the family's eligible single family office, whose HK$240m aggregate book unlocks the profits-tax concession. Two grandchildren gained dependant visas and school places; the six-month net-asset test — met with jointly held family assets under the 2025 rules — was, her advisers note, the reform that made the application possible at all.

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