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In Shatin, Hong Kong, as with the rest of the Hong Kong Special Administrative Region (SAR), the Immigration Department controls the issuance of Retirement Visas. This is typically a long-term visit permit that does not provide employment rights. Applicants must prove their ability to support themselves financially without working in the SAR, a place of residence, and generally must be aged over 60.
The process of applying for a Retirement Visa can be complex, involving stringent financial requirements and extensive paperwork. It's essential to correctly complete the process to avoid any problems that could lead to a Visa refusal. Misunderstandings, minor errors, or oversights can cause significant delays or even denial of your visa. Hence, you may need a lawyer to ensure you meet all legal requirements, lead you through the application process, and provide proper financial planning advice.
Hong Kong's immigration laws do not specifically provide for a "retirement visa". However, under the General Employment Policy, individuals who can demonstrate that they can make a significant contribution to the economy of Hong Kong may be allowed to stay or enter. Applicants should have a good education background, with professionals command good income and have rich experience in their respective fields. Those approved under the admission scheme to stay in Hong Kong are generally permitted to bring in their dependants if they have sufficient income or savings to support their dependants’ living and provide them with suitable accommodation in Hong Kong. The dependants policy applies to legally married spouses, unmarried children under the age of 18 and parents aged 60 or above.
There is no specific amount prescribed by law. However, you should have a continuous stream of passive income sufficient to support your standard of living in Hong Kong. Assets held in Hong Kong can also be considered, but their worth should be commensurate with the lifestyle to which you are accustomed.
No, retirement visas typically do not provide the holder with employment rights.
Yes, you can include your spouse and unmarried dependent children under 18 in your application if you can show you have sufficient finances to support them.
The processing time for Retirement Visa applications in Hong Kong can range from four weeks to several months, depending on the complexity of the case.
Yes, Retirement Visas in Hong Kong can be extended, subject to the continued satisfaction of eligibility criteria.
The Hong Kong SAR Immigration Department is the principal source of information regarding the laws, regulations, and application procedures for retirement visas. Associations and forums dedicated to expats in Hong Kong can also offer guidance.
If you need legal assistance in applying for a Retirement Visa, consider consulting with professionals in immigration law in Hong Kong. They can assist with preparing the application, ensuring you meet all qualifications, and navigating through the entire process.
