Hong Kong Talents Program | Is it harder to renew talents in Hong Kong than to apply?

In order to attract talents, the Hong Kong government has introduced many preferential policies, among which the renewal model has been adjusted. The validity period of the first signing of outstanding talents is changed to three years, and the renewal method is changed from "2+3+3" to "3+3+2"!

However, many immigrant investors who want to obtain Hong Kong status will still have doubts. It takes seven years to obtain Hong Kong status after passing the identity approval. Is it difficult to renew this contract? If I don't live in Hong Kong, will all my efforts be in vain?

In fact, outstanding talents can be said to be the most flexible and free way to gain Hong Kong identity. Let's have a look!

Excellent talents apply for blowout:

Excellent talents have always been a very popular project to apply for Hong Kong identity, which has been loved by many immigrant investors, and it has shown a blowout trend in the past two years.

According to the data of the Immigration Department, the total number of applications in 2022 was 16396, and 2845 applications were approved.

After the cancellation of the quota display this year, in March alone, the number of application files for excellent talents has exceeded 10,000, and it is expected that the number of applicants will skyrocket compared with 2022.

The easiest way to get Hong Kong identity

Everyone hopes to renew the contract smoothly, especially those who plan their identity for their children's education. Time is more important, and they can't stand the failure of renewing the contract. Therefore, people often ask whether it is difficult for outstanding talents to renew their contracts. Can I renew my contract smoothly?

In fact, the renewal of Hong Kong talents can be said to be the simplest item of Hong Kong identity. The extension requirement of the Immigration Department is to have "ordinarily resided" in Hong Kong for seven years. In other words, even if you don't live in Hong Kong at ordinary times, you can successfully renew your contract as long as you meet the conditions of "living in Hong Kong at ordinary times".

According to the statistics released by the Immigration Department, 472 applications were received in 202 1 year, 426 were passed, and in 2022,1110 were received.

According to the application data in these two years, 65,438+0,565 applications were received and 65,438+0,536 applications were approved. The approval rate of renewal of outstanding talents is over 98%! Almost all of them can be successfully approved.

How to successfully renew outstanding talents?

Therefore, the renewal process is not complicated and it is not difficult to renew the insurance. But how to meet the "permanent residence" of 7 years?

The applicant himself has settled in Hong Kong.

It is the ideal situation in Hong Kong. Whether you work, study or do nothing in Hong Kong, it is not a problem as long as your family renews their contract in Hong Kong for three years.

Rely on Hong Kong and live in two places:

If your child is studying in Hong Kong, you need to travel frequently between Hong Kong and the Mainland. You can still apply for renewal, as long as you live in Hong Kong and submit the required supporting documents. As long as the relevant requirements are met, the application for renewal of the right of abode will usually not encounter too many problems.

Dependent in Hong Kong, the applicant is absent:

Even if you are not in Hong Kong, but your children are studying in Hong Kong, and your spouse is working in Hong Kong or taking care of the children, you can still apply for renewal of the right of abode. Because family members have strong ties in Hong Kong, it is generally not a problem to renew for three years.

The whole family is not in Hong Kong, but signed a Hong Kong company:

If your family is not in Hong Kong, but you have worked in Hong Kong, whether you sign an employment contract or start your own company, as long as the company pays taxes in Hong Kong and your salary is paid by the Hong Kong company, which can prove your connection with Hong Kong, you can successfully renew it.

Specific information requirements include: submission of MPF, salary, business contract, company running water and other materials, as well as documents that can prove that you have settled in Hong Kong, such as rental contracts. As long as these requirements are met, there is no problem in applying for extension of residence.

No material:

If you and your family were not in Hong Kong before, and you can't provide any materials, but you want to make it up in the next 3-5 months, then you can consider coming to Hong Kong and leaving your entry records. Then, you can take some actions to convince the Immigration Bureau that you intend to develop and settle in Hong Kong, such as signing a rental contract, signing an employment contract with a Hong Kong company, and enrolling your children in a Hong Kong school. In this case, you still have a chance to renew your contract for three years.

The whole family is not in Hong Kong, and there is no proof. The relaxed updating method of outstanding talents will not directly make you give up all your previous efforts. Generally speaking, renewal in this case will also give you a visa of 1 year. However, the renewal will be stricter in the future, so you must prepare the materials.

How to obtain Hong Kong identity:

In fact, as long as you meet the condition of "ordinary residence", whether you live or work in Hong Kong or not, as long as you can prove your connection with Hong Kong, you will be successfully approved.

In order to attract talents, Hong Kong has made overall favorable adjustments to its policies, including reducing examination and approval procedures, speeding up examination and approval, and giving points to famous enterprises. With more than three years working experience in multinational companies or well-known enterprises equivalent to degree level or expert level, 20 points can be added.

Hong Kong talent application conditions:

To apply for talents in Hong Kong, the applicant must be at least 18 years old and have no criminal record. Relevant asset certificates of single assets of more than 654.38 million RMB or household assets of more than 200,000 RMB.

In addition, applicants need to choose one of the comprehensive scoring system or the achievement scoring system in order to obtain qualified scores.

1, comprehensive scoring system: the highest score is 245, and the lowest pass score is 80 (the scoring items include age, education, work experience, etc. ).

2. Score system: if one of the following two requirements is met, you can get a full score of 245 points; If the requirements are not met, the application cannot be submitted.

A the applicant has won outstanding achievement awards (such as Olympic medals, Nobel prizes and national/international awards).

B, the applicant can prove that the work has been affirmed by the industry, or has made significant contributions to the development of its industry (such as being awarded a lifetime achievement award by the industry, etc.). ).

Hong Kong's identity advantages:

Children education

Enjoy 15 free public education in Hong Kong; Hong Kong has provided a bilingual education environment since the compulsory education stage, and children who grew up in Hong Kong can adapt well to the English language environment. This has laid a good foundation for cultivating children with an international vision.

There are eight public universities in Hong Kong, five of which are among the top universities in the world 100. It's easier to go to local universities in Hong Kong, and 90% of the places are reserved for Hong Kong residents. It is difficult for mainland students to attend famous universities in Hong Kong.

With a Hong Kong hukou, if your academic performance is above average, you will have the opportunity to enter the top 200 schools in the QS world.

With permanent residence status in Hong Kong, you can avoid fierce competition in the college entrance examination. Children can pass the DSE test scores and apply for 2 1 1/985 universities in China, which is more likely. You can also take the entrance examination for overseas Chinese students from Hong Kong, Macao and Taiwan, and easily get 985/2 1 1.

Hong Kong has a simple tax system and a low tax rate.

There is no global tax, only income earned in Hong Kong needs to be taxed; There is no inheritance tax and gift tax, which is suitable for asset planning and allocation. Compared with the mainland's personal income tax of 45% and the threshold of 3,500 yuan, Hong Kong's highest tax rate of only 17% and broad tax file are very close to the people.

Hong Kong levies profits tax on profits generated in or derived from various industries, professions or businesses in Hong Kong. The corporate business tax rate is 16.5%, and the unincorporated business tax rate is 15%. Dividends paid by enterprises do not need to pay withholding tax. Dividends collected by enterprises can also be exempted from profits tax, and Hong Kong does not levy capital gains tax. In terms of the two-tier system of profits tax, the profit tax rate of the first 2 million yuan is further reduced to 8.25%, that is, the profit tax of the first 2 million yuan is halved, and the profits above 2 million yuan are calculated at the standard tax rate of 16.5%. For non-enterprise legal persons such as partnerships, the two-level profit tax rates are 7.5% and 15% respectively.

Freedom of funds

Hong Kong has the largest offshore RMB market, with free transfer of assets and convenient capital flow. There are no restrictions on currency transactions and international capital flows, including the repatriation of dividends or funds by foreign investors. Funds can enter and leave Hong Kong at any time. Hong Kong Real-time Payment and Settlement System (RTGS) is the only system in the world that supports four currencies (HK$, USD, Euro and RMB) at the same time, and can handle more than one trillion transactions of HK$ and RMB every day.

Dual identity, retain China nationality.

If you get permanent residence and apply for a Hong Kong passport and don't want to cancel your mainland account, you don't need to apply for a home visit permit. You can use your China passport to enter and leave China Customs and your Hong Kong permanent identity card to enter and leave Hong Kong Customs.

If you enter Hong Kong and get a Hong Kong passport, you still belong to China. You can live, live and start a business in the mainland at any time without a visa. Hong Kong can have dual nationality by default, and can take another nationality at will after getting a Hong Kong passport.

Excellent business environment

Asset preservation, Hong Kong's high-net-worth asset management system is very perfect, and the industrial chain providing services is mature. There is a sound legal system to protect private property.

Use a free trade port, no foreign exchange control, perfect legal system and excellent business environment to expand your career. Hong Kong's identity can help you seamlessly integrate with the international community in business, education and career promotion.

If you want to get Hong Kong status, you must dig deep into your work, seize this policy bonus period and apply as soon as possible.

If you are interested in applying for Hong Kong identity and don't know whether you meet the requirements for applying for Hong Kong identity, you can pay attention to the official WeChat account: Hong Kong and Macao identity link, complete the self-test, and you will have the opportunity to submit an application if you reach 80 points!