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The Retirement Visa, known as the Capital Investment Entrant Scheme (CIES) in Hong Kong, is designed for individuals who wish to retire in the city-state. These individuals must be at least 18 years old, financially independent, and without a criminal record. They must also make a significant financial investment in Hong Kong as determined by the government.
Understanding retirement visa regulations and ensuring compliance can be a complex process due to their detailed financial requirements and various legal aspects. A legal professional specializing in immigration law can provide vital assistance in this domain, helping individuals gather the necessary documentation, filling out application forms correctly, and guiding clients through the interview process. Additionally, a lawyer can help in complications arising during the visa application process, such as rejections or disputes.
The principal local laws governing visitor visas for the purpose of retirement in Hong Kong are embodied in the Immigration Ordinance and its subsidiary legislations. For instance, under the CIES, you are required to invest HKD 10 million in permissible investment assets within six months of your arrival. Moreover, applicants must demonstrate that they can support and accommodate themselves without relying on public assistance in Hong Kong, and have no criminal record.
The minimum age limit for an applicant for the Retirement Visa under the CIES is 18 years old. There is no upper age limit.
Yes, upon successful application, your spouse and unmarried dependent children under the age of 18 can also obtain a dependent visa.
The Retirement Visa initially lasts for one year and can be extended for another two years, then three years, and finally, three years again.
Yes, under the CIES, you need to maintain your investment while living in Hong Kong.
The Retirement Visa does not permit you to take up employment or establish or join in any business.
The Immigration Department of the Hong Kong Special Administrative Region Government provides a comprehensive guide to immigration requirements. Information regarding financial requirements and suitable investment types for visa applications can be found on the website. Additionally, the Law Society of Hong Kong is a good resource for finding a local attorney experienced in immigration and visa law.
If you decide to proceed with the application, it is recommended to engage a legal professional who specializes in Hong Kong immigration law. They can help you understand if you meet all the necessary criteria, assist in collecting the required documentation, filling out the application forms and guide you through the application process. This will significantly increase the chance of your application being successful.
