We have not long ago experienced a few of appealing Hong Kong expenditure visa ‘wins’ which fly in the facial area of the frequently parlayed mantra that ‘one gentleman firms never ever get approved’ by the HK Immigration Office (the “HKID”).

What follows are not able to be mentioned to apply in each and every single instance of a 1-guy only investment decision visa application for Hong Kong, but it does speak to the truth that these types of enterprises CAN in reality receive an approval from the HKID – if only you have:

With the details slightly adjusted to shield the confidentiality of our shoppers, right here are the important situations of 2, individual ‘one gentleman businesses’ which went on to secure the acceptance of the HKID beneath our counsel and with us handling the purposes.

The initial involved an inside design and style services qualified who had a number of decades prior residence in Hong Kong as an worker but was switching occupations entirely in joining in his new company. His business was ‘him’, for all intents and applications but he did have some ‘family IP’ which he was bringing to the small business, which his father had used in a very similar loved ones enterprise in the British isles for more than 30 years. Although his father experienced retired some years beforehand, he was appointed to the board of our client’s a person guy constrained legal responsibility corporation and was manifestly likely to aid out his son out with counsel and assistance. Throw in 12 months worth of resources completely ready to make investments, the aid of selected HK contacts who indicated they would present business to this, initially, one particular man procedure and a program which clearly shown that if the growth trajectory was obtained, new work opportunities would be designed as certain as night follows working day, the HKID acquired into the argument and accredited the software with no more fuss than can be expected in which there are a lot larger scale investment programs for Hong Kong.

The 2nd occasion took in a feminine psychological well being professional in a career that does not have to have formal registration in the HKSAR and who was seeking to established up a new practice, acquiring developed drained of performing in a present-day career in Hong Kong which was not in any way linked with her true skills. As it took place, the business rationale for starting the business enterprise was normally heading to be nebulous – she was the solution, just after all, and she only had a finite amount of time that she could offer. Undoubtedly, at least just one area job was to be produced 4 months into the organization plan and the cash available for expense was basically just enough for set up and 6 months’ funds movement. However, her location of experience was so persuasive and in these types of quick offer in the HKSAR, our advice was that the ‘substantial contribution’ aspect of the financial investment visa approvability test should be argued in the context of the assistance afforded to stressed out Hong Kong bankers and legal professionals and that her exercise was never ever likely to be a significant money spinner throwing off new work left ideal and centre. It labored and her visa was accredited in double-quick time.

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