This article was originally published on January 30, 2023, and was updated on February 28, 2023, to reflect new information.
February 28, 2023, Update: The authorities of Hong Kong announced that it would update its Talent List, which is aimed at attracting foreign nationals working in specific high-skilled professions.
In addition, the authorities will also introduce a new investment visa type, known as the Capital Investment Entrant Scheme. Under the scheme, applicants will be required to make an investment in the Hong Kong market.
Authorities also plan to launch a new FinTech internship scheme to attract post-secondary students to the region. Further information is expected to be released in the coming weeks.
Original Post From January 30, 2023:
Key Points
- Hong Kong officially launched the Top Talent Pass Scheme, intended to attract highly skilled global talent
Overview
The authorities of Hong Kong officially launched the Top Talent Pass Scheme on December 28, 2022. The scheme will permit a maximum stay of 24 months. During this period, the holder will be allowed to work in Hong Kong, change employers, or establish a business in Hong Kong. A three-year extension will be allowed for applicants who continue to meet the scheme’s conditions. Eligible applicants can apply under one of the following categories:
- Category A: An annual income of HK$2.5 million or more (or its equivalent in a foreign currency).
- Category B: Hold a graduate degree from one of the world’s top 100 universities within the past five years and have less than three years of work experience.
- Category C: Hold a graduate degree issued from one of the world’s top 100 universities within the past five years and hold less than three years of work experience, subject to an annual quota of 10,000. Eligible applicants under this category cannot have obtained an undergraduate degree from a program in Hong Kong.
Eligible applicants under the scheme will be permitted to submit dependent visas that will enable eligible family members to live, study or work in Hong Kong. The scheme is intended for nationals from all countries except Afghanistan, Cuba, Laos, North Korea, Vietnam, and Nepal.
What are the Changes?
The authorities of Hong Kong officially launched a new work scheme for foreign nationals meeting certain income or educational background requirements. These measures are a part of Hong Kong’s efforts to attract high-potential talent from around the world.
Looking Ahead
Continue to check the authorities of Hong Kong’s website for the latest updates and information.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: Immigration Department, The Government of Hong Kong Special Administrative Region of the People’s Republic of China
