Below is the summary of the enhancement measures on the New Capital Investment Entrant Scheme (the Scheme) with effect from 1 March 2025.
Enhancement to Net Asset Requirement
- An Applicant is only required to demonstrate that he is absolutely beneficially entitled to Net assets of not less than HK$30 million Net throughout six months preceding the application.
- The respective portion of Net assets which is absolutely beneficially entitled to the Applicant in the jointly-owned assets with family member(s) can also be taken into account.
Additional Investment Holding Mechanism
- Apart from the existing holding method, an Applicant can also hold his investment in a private company, fostering synergy between the Scheme and the establishment of family offices in Hong Kong. The private company is required to fulfill the following conditions during the entire six months preceding the date the Applicant lodged his application for assessment on Investment Requirements –
- incorporated or registered in Hong Kong
- wholly owned by the Applicant/Entrant
- only holds Permissible investment assets
- in the form of Family-owned Investment Holding Vehicle (FIHV), or Family-owned Special Purpose Entity under an FIHV, where the FIHV has at least two full-time employees in Hong Kong and incurs at least HK$2 million operating expenditure annually in Hong Kong to carry out the activities of FIHV
- managed by an Eligible Single Family Office of the Applicant/Entrant’s family which manages assets specified under Schedule 16C to the Inland Revenue Ordinance for the FIHV(s) of the family with an aggregate Net asset value of not less than HK$240 million.
For more details, please click here for the new Scheme Rules.