We have not long ago had a pair of attention-grabbing Hong Kong investment visa ‘wins’ which fly in the deal with of the generally parlayed mantra that ‘one guy businesses never get approved’ by the HK Immigration Department (the “HKID”).
What follows are unable to be stated to apply in each and every one occasion of a one-male only investment visa software for Hong Kong, but it does discuss to the reality that such businesses CAN in simple fact acquire an approval from the HKID – if only you have:
- A compelling rationale for commencing out as a single operator.
- Readily readily available resources to devote at a degree that is considerably higher than the bare least 6 months income stream.
- A dynamic in your company plan that is persuasive or usually delivers appealing or scarce ‘human capital’ to the HKSAR.
- A manifestly clear intention to create area work ultimately, if not straight away.
- Your ducks otherwise entirely lined up!
With the points marginally adjusted to protect the confidentiality of our clients, in this article are the crucial situations of 2, individual ‘one male businesses’ which went on to safe the acceptance of the HKID underneath our counsel and with us handling the purposes.
The first involved an interior style companies skilled who experienced a handful of years prior residence in Hong Kong as an employee but was shifting occupations totally in signing up for in his new organization. His business was ‘him’, for all intents and needs but he did have some ‘family IP’ which he was bringing to the business enterprise, which his father had utilized in a comparable relatives organization in the British isles for around 30 decades. While his father had retired some several years formerly, he was appointed to the board of our client’s one person constrained liability business and was manifestly heading to assist out his son out with counsel and assistance. Throw in 12 months really worth of cash ready to spend, the support of sure HK contacts who indicated they would deliver business to this, at first, a person gentleman operation and a strategy which clearly shown that if the expansion trajectory was achieved, new jobs would be developed as certain as evening follows working day, the HKID purchased into the argument and authorised the software with no much more fuss than can be predicted wherever there are much more substantial scale financial investment plans for Hong Kong.
The next instance took in a feminine mental well being qualified in a job that does not call for official registration in the HKSAR and who was searching for to established up a new practice, having developed drained of operating in a existing position in Hong Kong which was not in any way linked with her true qualifications. As it happened, the business rationale for setting up the enterprise was generally going to be nebulous – she was the solution, soon after all, and she only experienced a finite amount of money of time that she could sell. Unquestionably, at the very least 1 nearby work was to be developed 4 months into the business program and the income out there for investment decision was basically just ample for set up and 6 months’ money movement. Nonetheless, her region of abilities was so compelling and in this kind of short provide in the HKSAR, our advice was that the ‘substantial contribution’ aspect of the expense visa approvability exam ought to be argued in the context of the assistance afforded to pressured out Hong Kong bankers and attorneys and that her practice was by no means heading to be a key funds spinner throwing off new work left appropriate and centre. It labored and her visa was permitted in double-speedy time.