Permanent residency for Hong Kong | PR for Hong Kong

Before applying for permanent residency, you must be sure and prove that you are eligible for permanent residency, which is referred to as the “verification of eligibility for the permanent resident card”, that can also be applied for online. You will be required to provide copies of your Hong Kong ID card, a travel document showing your current place of stay in Hong Kong, and proof that you are able to apply for the status. The above-mentioned proof can be anything that has shown your continuous residence in Hong Kong for the past 7 consecutive years. The main benefits of being a holder of permanent residency include access to government programs and the right to vote. However, if you leave Hong Kong for more than 3 years then you will miss your status. Processing the applications takes about 6 weeks.

When applying you have to be within Hong Kong. Outside applications are not allowed. You can also apply for your children and their eligibility certification at this moment as well.

Once your position is verified, you have the right to apply for the Hong Kong permanent residency card.

Spouses of Hong Kong permanent citizens cannot obtain permanent residency by virtue of their union unless they are also eligible in their own right for Hong Kong permanent citizen status under the same above mentioned conditions. Once you have obtained permanent residency, you will be free to start your own business, become self-employed, or work in any position within Hong Kong.

Citizenship for Hong Kong:

First of all, it should be noted that there isn’t really such a concept as “Hong Kong citizenship.” Instead, Chinese citizenship grants you the “right of domicile” in Hong Kong, so to become a citizen, you would need to apply for Chinese citizenship, but since China does not allow dual citizenship, you would need to renounce your native citizenship. This version cannot be considered a favorable one as this process is a long, detailed, complex, and expensive one that offers few benefits, especially in contrast to just becoming a permanent resident. That’s why most expats simply become permanent residents and maintain your American citizenship status. Permanent residents of Hong Kong are granted the right to vote and to stand for election. They can also linger in Hong Kong without a work visa and have access to government benefits such as public housing.

Work Permit for Hong Kong

In order to be eligible to get an employment visa, you must have a job in a sponsoring company that is ready to employ you and carry out the application process for your permit. Like in almost every other country the sponsoring company has to prove that you have the essential skills for the job and that a local worker could not fill the position. When work visas are granted, the Immigration Department considers the applicant’s education, job experience, and other factors. The application process usually takes four to six weeks, after which the entry visa is issued to the employer, who should forward it to the applicant.

Work visas are normally granted for the duration of your employment contract: generally no more than 2 years. If the company wants to employ you for a longer time period, towards the end of your visa period it has to ask for a renewal, which is quite straightforward.

A Hong Kong employment visa is not transferable from one company or job position to another, so if you resign or are fired, you will need to apply for another visa and restart the process. In case you plan to do extra work outside the scope of your existing visa, you should apply for approval to do this additional employment.

Visa for Hong Kong

The type of visa you require for entering Hong Kong depends on the goal of your stay. While tourist and student visas for Hong Kong are somewhat easy to obtain, work visas are not.

To apply for a visa, your passport must be valid for at least six months or more from the date of intended entry. Citizens of some countries are allowed to visit Hong Kong without a visa for between seven and 180 days. These cover the UK, Germany, Australia, Italy, Singapore, Spain, France and the US.

In order to issue a visa for Hong Kong, you should apply for it at the Chinese embassy or consulate in your country. The application process can long up to four weeks, but the time depends on the consulate and how busy they are. You may be capable to ask, but the best thing to do is leave more than enough time before your trip to get the visa. Note that once you travel to Hong Kong on a visitor’s visa you are not permitted to change to an employment visa without leaving and re-entering first (irrespective of your nationality).

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Taxes In Hong Kong

• Hong Kong has some relatively low tax rates in the world and the lowest in Asia, which means that there are numerous deductions from which an individual or his/her business will be able to benefit.
• Personal Tax
• Individuals in Hong Kong are taxed on a progressive basis depending on their net chargeable income after deductions and allowances) starting at 2% and is capped at 17%; or 15% of net income, whichever is lower.
• Corporate Tax
• Hong Kong implements an attractive and favorable tax regime with relatively low tax regime. The corporate tax rate stands at 16.5% on assessable profits.
• VAT
• In some countries also known as Goods & Services Tax (GST), there is no VAT or sales tax levied in Hong Kong.
• WITHHOLDING TAX
• Royalties paid to non-resident entertainers or sportsmen for their shows in Hong Kong are subject to withholding tax on their assessable earnings. There are no withholding taxes levied on dividends and also interest.

Business Establishment in Hong Kong

Hong Kong is an ideal place to start a business based on many factors, for example, it boasts an international economy and widespread government assistance, including several tax incentives and consulting offices.

The process for setting up and registering it with the government business will differ depending on whether you are setting up a sole proprietorship, a partnership, or a corporation. No matter what, however, your first step has to be visiting the Business Registration Office, where you will fill out forms and pay a fee in order to get a Business Registration Certificate, which is valid for one year.

Again depending on the nature of your business, you may also want to check to see if you will require any additional special licenses or permits. The government proposes license information and application help through its Business License Information Service.

Disclaimer for Immigration, Hong Kong

We DO NOT provide consultancy for illegal immigration to Hong Kong and do not promote illegal immigration for Hong Kong, including, illegal residency for Hong Kong or illegal work permit for Hong Kong. Also, we do not entertain agents for illegal immigration for Hong Kong.

Information provided on https://www.millionmakers.com regarding Hong Kong cannot be taken as legal advice in any way, please consult immigration lawyer in Hong Kong for expert legal advice for Hong Kong.

We don’t support or provide any of our services to below mentioned Individuals or category(s) of business in Hong Kong for immigration:

• Any device for Hong Kong that might result in abuse of human rights in Hong Kong or be utilized for torture in Hong Kong.
• Trade in Hong Kong, distribution in Hong Kong and/or manufacturing of arms in Hong Kong, weapons in Hong Kong, ammunition in Hong Kong, mercenary or contract soldiering in Hong Kong.
• Espionage in Hong Kong or technical surveillance in Hong Kong or bugging instrumentation or equipment in Hong Kong.
• Any illegal activities in Hong Kong or criminal activities in Hong Kong or company(s) or individual(s) that are black listed in Hong Kong under The Law of Hong Kong.
• Genetic material in Hong Kong.
• Hazardous or Dangerous or risky biological, chemical or nuclear materials which also includes, instrumentation or machinery accustomed for disposing or manufacturing or handling of any such material(s).
• Trading in Hong Kong, storage in Hong Kong or transportation of Human or animal organ(s) in Hong Kong, use of animals in Hong Kong or abuse of animals in Hong Kong for any scientific or product testing.
• Adoption agencies in Hong Kong, as well as, surrogate parenting procedures in Hong Kong or any kind of abuse of human rights in Hong Kong.
• Non-secular cults in Hong Kong and their charities.
• Pornography in Hong Kong.
• Drug paraphernalia in Hong Kong.
• Pyramid sales in Hong Kong.