The New Capital Investment Entrant Scheme (“New CIES” or the “Scheme”) has been launched and started accepting applications on 1 March 2024. It aims to enrich the talent pool in and attracts more new capital to Hong Kong, infusing the economy with renewed vigor.
With its low tax regime and favourable business environment, Hong Kong maintains its advantage as an international financial centre. Manulife, as a trusted name in Hong Kong for over 125 years, has grown to become one of the top-tier providers of financial services. We offer a diverse range of insurance products, as well as wealth and asset management solutions to help people make their decisions easier and lives better.
According to the rules set by the Immigration Department and Invest Hong Kong, the minimum investment threshold for the Scheme is HK$30 million (or equivalent in foreign currencies). To meet the investment requirements under the Scheme, applicants must invest a minimum of HK$27 million in permissible financial assets and/or non-residential real estate in Hong Kong. Additionally, they must invest at least HK$3 million into the CIES Investment Portfolio, with a view to supporting the development of the innovation and technology industry and other strategic industries that are beneficial to the long-term development of Hong Kong’s economy.
^Nationals of Afghanistan, Cuba, and Democratic People's Republic of Korea are excluded. The list of excluded countries/regions will be reviewed by the Security Bureau/Immigration Department from time to time. Stateless persons who have obtained permanent resident status in a foreign country with proven re-entry facilities will be eligible under the Scheme.
The above information regarding the Scheme is provided for reference only. For more details, please visit the InvestHK’s New CIES website.
Learn more about our services if you are considering moving to Hong Kong through the New CIES.