NEW CAPITAL INVESTMENT ENTRANT SCHEME (CIES)
1. CIES Report
2. Net Assets Assessment Report
3. Permissible Investment Assets Report
4. Arrange Property Valuation Report
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NEW CAPITAL INVESTMENT ENTRANT SCHEME - Eligibility Criteria
(a) Age
an Applicant is aged 18 or above at the time of applying for Net Asset Assessment;
(b) Scope of the Scheme
an Applicant must fall into one of the following categories covered by the Scheme:
foreign nationals1;
Chinese nationals who have obtained permanent resident status in a foreign country;
Macao Special Administrative Region residents; and
Chinese residents of Taiwan;
(c) Net assets
an Applicant must apply for a Net Asset Assessment: the Applicant should demonstrate to the satisfaction of Director-General of Investment Promotion that he has Net assets or Net equity to which he is absolutely beneficially entitled with a Market value of not less than HK$30 million Net (or equivalent in foreign currencies) throughout the two years preceding the date he lodged his application for Net Asset Assessment of the Scheme;
(d) Investment in Permissible investment assets
an Applicant must make the committed investment in Permissible investment assets on or after the launch date of the Scheme (i.e. 1 March 2024). An Applicant has met the Investment Requirements if he:
has invested within and thereafter throughout the period beginning on the launch date of the Scheme or the 180th day before his application is lodged for Net Asset Assessment, whichever is later, and ending on the day his application is lodged for Net Asset Assessment; or
has invested within and thereafter throughout the period beginning on the launch date of the Scheme or the 180th day before his application is lodged for Net Asset Assessment, whichever is later, and ending on the 180th day after Approval-in-Principle has been granted by Director of Immigration; or
has invested within and thereafter throughout the period beginning on the day when Approval-in-Principle has been granted by Director of Immigration and ending on the 180th day thereafter;
not less than HK$30 million Net (or equivalent in foreign currencies) in Permissible investment assets to which he is absolutely beneficially entitled;
(e) No adverse record
an Applicant must demonstrate that he has no adverse immigration record and meets normal immigration and security requirements; and
(f) Others
an Applicant can demonstrate to Director of Immigration that he is capable of supporting and accommodating himself and his dependants, if any, on his own without relying on any return on the Permissible investment assets, employment, self-employment, office, business or public assistance in or carried on in Hong Kong as the case may be. In addition, the entry of dependants will be subject to any other policy applicable to such entry at the time.
NEW CAPITAL INVESTMENT ENTRANT SCHEME - Application Procedures
1. Net Asset Assessment
Before an Applicant submits an Entry Application to Director of Immigration, he is required to first approach New CIES Office for verifying whether he has fulfilled the Net Asset Requirement. The Applicant is required to engage a Certified Public Accountant (Practising) as defined in the Accounting and Financial Reporting Council Ordinance (Cap. 588 of the Laws of Hong Kong) at his own cost to assist in demonstrating his fulfillment of Net Asset Requirement and submit an application for Net Asset Assessment with provision of the Fulfillment document and all relevant supporting documents stated therein. No more than 14 calendar days may elapse between the date of issuance of the Fulfillment document and the date on which the Applicant lodges his application for Net Asset Assessment.
Documents list:
IHK-CIES01(3/2024) Application Form for Net Assets Assessment
Net Assets Assessment Report (issued by Certified Public Accountant)
2. Assessment on Investment Requirements
An Applicant must make investment of a minimum of HK$30 million Net (or equivalent in foreign currencies) in the Permissible investment assets. Assets acquired before the launch date of the Scheme shall not be counted towards the fulfillment of minimum investment threshold. The Applicant/Entrant must invest a minimum of HK$27 million in any of the following Permissible financial assets and/or non-residential real estate referred below. Separately, each Applicant under the Scheme is required to place HK$3 million into a new Capital Investment Entrant Scheme Investment Portfolio, which will be set up and managed by the Hong Kong Investment Corporation Limited.
Upon the Applicant's completion of making the committed investment within the specified investment timeframe, an Applicant is required to approach New CIES Office for verifying whether he has fulfilled the Investment Requirements. The Applicant is required to engage a Certified Public Accountant (Practising) as defined in the Accounting and Financial Reporting Council Ordinance (Cap. 588 of the Laws of Hong Kong) at his own cost to assist in demonstrating his fulfillment of the Investment Requirements and submit an application to New CIES Office with provision of the Fulfillment document and all relevant supporting documents stated therein for verification of his fulfillment of the Investment Requirements.
Documents list:
IHK-CIES02(3/2024) Application Form for Assessment on Investment Requirements
Permissible Investment Assets Report (issued by Certified Public Accountant)
3. Assessment on Portfolio Maintenance Requirements
The Applicant/Entrant is required to engage a Certified Public Accountant (Practising) as defined in the Accounting and Financial Reporting Council Ordinance (Cap. 588 of the Laws of Hong Kong) at his own cost to assist in demonstrating his fulfillment of Portfolio Maintenance Requirements after the first anniversary of the grant of Formal Approval to the Applicant/Entrant to join the Scheme, and after each subsequent anniversary. The Applicant/Entrant is required to submit the Fulfillment document and all relevant supporting documents stated therein within one month after the first anniversary, and after each subsequent anniversary to New CIES Office.
Documents list:
Relevant certification documents that comply with New Capital Investment Entrant Scheme - Section 6.2 of the fulfillment of Portfolio Maintenance Requirement
CIES Report - Net Assets Assessment Report (Documents list)
Bank deposits (i.e. Savings and time deposits)
- Monthly statement of bank account/Bank passbook
- Reference letter from the bank
- Certificate of deposit from the bank
Securities, bonds and funds
- Monthly statement of the securities account
- Reference letter from the securities company
- Contract signed between the applicant and securities company in the time of account opening (for Mainland)
- Notarial certificate from the Public Notary Office in verifying the authenticity of the stamps in the monthly statement/reference letter from the securities company (for Mainland)
- Written valuation report from a valuer acceptable to a Certified Public Accountant (Practising) in Hong Kong (for assets not traded on a public exchange)
Real estate
- Land registry record showing the real estate ownership
- Real estate ownership certificate (real estate in city, for Mainland)
- National-owned land use permit (land in the countryside, for Mainland)
- Mortgage deed (if any)
- Written valuation report from a valuer acceptable to a Certified Public Accountant (Practising) in Hong Kong (Property Valuation Report Arrangement)
Shares in company
- Annual Return filed to the Companies Registry/The applicant's ownership proof from the official authority (for HK/overseas)
- Enterprise Legal Representative Business License (for Mainland)
- Capital verification report (if any, for Mainland)
- Latest company information print-out from Administration for Industry and Commerce (for Mainland)
- Share certificate, certificate of incumbency and certificate of corporation (for BVI)
- Auditor's report
Others (please specify)
- Written valuation report from a valuer acceptable to a Certified Public Accountant (Practising) in Hong Kong(for assets not traded on a public exchange)
- Documentary evidence in certifying the market value and the applicant's absolute beneficial entitlement on the assets
CIES Report - Permissible Investment Assets Report (Documents list)
Equities, debt securities, subordinated debt and eligible collective investment schemes
- Contract note/receipt/statement issued by the financial institution showing the amount invested by the applicant
- Reference letter from the financial institution
Certificates of deposits
- Certificate of deposit from the bank
- Reference letter from the bank
Ownership interest in limited partnership funds
- Partnership agreement
- Auditor's report
- Documentary evidence in certifying the amount invested by the applicant
Non-residential real estate
- Land Registry record showing the ownership and purchase price of the real estate
- Mortgage deed (if any)
- Extract of information on the Business Register(if the real estate is held through a sole proprietorship under the applicant's name)
- Annual Return filed to the Companies Registry/The applicant's ownership proof from the official authority (if the real estate is held through a company of which the applicant is the sole shareholder)
CIES Investment Portfolio
- Documentary evidence in certifying the amount invested by the applicant (if the applicant has placed HK$3 million into the CIES Investment Portfolio
- Monthly statement of bank account/Bank passbook (if the applicant has deposited cash of HK$3 million to the designated account opened with his appointed financial intermediary for subsequent placing into the CIES Investment Portfolio)
Related Government Website links:
New Capital Investment Entrant Scheme Office
NEW CAPITAL INVESTMENT ENTRANT SCHEME
https://www.newcies.gov.hk/zh-hk/index.html
Immigration Department
NEW CAPITAL INVESTMENT ENTRANT SCHEME
https://www.immd.gov.hk/hkt/services/visas/newcies.html
Enquiry :(852)2187 2616
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