Is it easy for Hong Kong immigrants to apply in 2023? What are the new rules?

Hong Kong status can bring a series of benefits to the applicant's family, such as education, taxation, medical care and freedom of movement.

In order to attract more talents to work in Hong Kong, the Hong Kong SAR Government announced to relax the talent policy and cancel the annual quota of the "Talents Entry Scheme" for two years. In these two years, as long as the relevant conditions are met, you can submit an application for the Hong Kong Talents Program.

Although Hong Kong talents can apply as long as they reach 80 points, there is a hard condition that they need a bachelor's degree. An application with 80 points may not be approved. You need to meet the conditions for introducing talents in Hong Kong to be competitive. Today, I will explain to you the application method of talents in Hong Kong.

There are two ways to apply for talents in Hong Kong: comprehensive scoring system and achievement scoring system.

Comprehensive scoring system:

The comprehensive scoring system follows up the applicant's age, education, work experience, language ability, family situation and talent list for comprehensive evaluation.

Age (30 points)

Academic/professional qualification (70 points)

Work experience (75 points)

Talent list (30 points)

Language ability (20 points)

Family background (20 points)

Grade scoring system

1) The applicant has won an outstanding achievement award (such as an Olympic medal, a Nobel Prize, a national or international award), or

2) The applicant can prove that his work has been recognized by his peers, or has made significant contributions to the development of his industry (for example, he has won the Lifetime Achievement Award of the industry).

Follow up and analyze the selection results announced by the Immigration Department in previous years;

The application industry is easily recognized:

1, financial accounting services;

2. Information technology and telecommunications;

3. Construction, surveying, engineering and construction industries;

4. Business and trade industries;

According to the background analysis of the number of auditors, it is easy to be approved:

1 highly educated. The higher the educational background, the higher the score of outstanding talents. Usually, it is best for applicants to have a master's degree or above.

2 graduated from the top universities in the world 100. If the applicant graduated from the top universities in the world 100, he can add 30 points more than the non-prestigious applicants with the same academic qualifications!

(3) Employment of famous enterprises or multinational companies. More than 3 years working experience in multinational companies or well-known enterprises, such as listed companies or enterprises ranked in Forbes Global 2000, Fortune Global 500 and Hurun China 500, can add 20 points!

(4) have more than two years of overseas work experience. If you have at least two years of international work experience, you can get an extra score of 15 if you apply for outstanding talents. If you are a mainlander, your work experience in Hong Kong, Macao and Taiwan can also be counted as extra points for international work experience.

⑤ Rich senior management experience. Talents with senior management experience are "hot items" in Hong Kong, especially executives with technical ability and R&D ability. As long as you are willing to come, Hong Kong welcomes them with open hands.

⑥ Engage in hot or emerging industries in Hong Kong. On the basis of outstanding professional skills and rich industry experience, if the applicant's major meets the scoring category of 13 talent list, 30 points can be added to the comprehensive scoring system.

Of course, you don't have to meet all the above 6 points, and having 2-3 of them is more advantageous!

The latest talent policy in Hong Kong in 2023;

1. Cancel quota restrictions.

In the past, the talent quota in Hong Kong was 4,000/year. In 2023, the latest policy address further abolished the two-year quota limit. It means that these two years are the golden opportunity to apply for the talent plan in Hong Kong;

2. Newly added sub-items

Applicants who have at least three years' working experience in multinational companies or well-known enterprises equivalent to degree level or expert level, such as listed companies, Fortune Global 2000, Fortune Global 500, Hurun China Top 500, etc., can get an additional 20 points;

Step 3 cancel the interview

In the past, there was a post-approval endorsement letter stage, and it was necessary to go for an entry-exit interview. Now it is time to cancel the interview link and issue an endorsement directly after approval;

4. Renew the change

It used to be 2+3+3 mode. I only endorsed it for two years at first. Now the initial signing has increased by 1 year, and it has become 3+3+3, which has increased the stay period by one year!

5. The approval period is shortened.

In the past, the overall approval period was 9- 12 months, but now it is expected to be completed within 5 months, which has improved the speed and efficiency of obtaining Hong Kong identity!

6, material changes

Proof of no previous criminal record is a necessary application material in the early stage. There is no need for an introduction now, just show that there are no criminal offences and bad records. (It needs to be reported truthfully, and fraud will be disqualified if it is found in random inspection)

Advantages of the Hong Kong Talent Scheme:

1. The cost is low and there is no investment requirement.

Unlike previous investment immigrants, the Hong Kong Talent Plan does not require everyone to invest. Applicants only need to meet a set of scoring requirements in the performance scoring system and the comprehensive scoring system to apply.

For example, the comprehensive scoring system needs to score according to the applicant's age, education, work experience, language ability and family background, and can apply if it reaches 80 or more.

To apply for the Hong Kong Talents Scheme, you can choose your own DIY application, but this is usually not recommended, and the approval rate is low. If you choose a third-party service organization to handle it, the service fee will be tens of thousands of dollars, depending on the selected service and years. Compared with investment immigrants, Hong Kong's talent plan is still low-cost.

2. You don't need the employer's employment requirements before applying.

Unlike the requirements of Hong Kong professionals, Hong Kong talents do not need to be hired by Hong Kong companies in advance, which is quite friendly to most applicants. Because most applicants who choose to apply for outstanding talents in Hong Kong go because of their children's educational planning, it is still troublesome to get the Hong Kong offer in advance.

3. The renewal is flexible and free, and you can always stay in the Mainland.

The flexibility of talent renewal in Hong Kong is also the main reason why most people choose to apply. Applicants who want to work in Hong Kong do not have to apply for an excellent job before coming to Hong Kong. As long as the applicant can prove that he has a "usual residence" in Hong Kong, often goes to Hong Kong and has close ties with Hong Kong, he can also successfully renew his contract. Therefore, there are many talents approved, and the focus of life is on the mainland.

4. One person applies and the whole family benefits.

It is much easier for talents, spouses and minor children who apply for Hong Kong to obtain Hong Kong status together with the main applicant in the form of dependants.

5. The quota is released, and the number of applicants is unlimited.

From 2023 to 2024, during these two years, we will temporarily cancel the quota limit for Hong Kong talents and relax the application. Now is the golden age to apply for talents in Hong Kong!

It's so worthwhile to apply for Hong Kong status now!

1, retain mainland identity

At present, it is not necessary to cancel the mainland account when applying for Hong Kong status through Hong Kong talents, Hong Kong professionals, studying in Hong Kong and Hong Kong talents. To apply for a home visit permit, you only need to cancel your mainland account. (exception: relatives need to cancel their mainland accounts before applying for Hong Kong status).

2. International educational resources

Children can get richer educational resources. Children with Hong Kong status can attend various schools in Hong Kong (including international schools) and international schools in the Mainland.

3. Higher education resources

At the critical moment of further study, candidates with Hong Kong status can take the Hong Kong DSE exam and study in Hong Kong/overseas universities; Or apply for a prestigious mainland school without a test according to DSE scores; Or take the Hong Kong, Macao and Taiwan Overseas Chinese Joint Examination, bypass the fierce competition in the college entrance examination and enter the first-class universities in the Mainland.

4. SAR passport travel

After becoming a permanent resident of Hong Kong, you can apply for a HKSAR passport. SAR passports can be exempted from visa 17 1 countries and regions, and they can also transit through third countries. The timetable for applying for immigration is shorter and the conditions are more relaxed.

5. The simple tax rate is low.

The profit tax rate (corporate income tax) in Hong Kong is 16.5%, and the highest salary tax rate (personal income tax) is 15%, which is one of the lowest in the world. In addition, people who are married, have children or support their parents can get additional tax allowances.

The profit tax rate of the first HK$ 2 million of Hong Kong enterprises is only 8.25%, and the taxable rate of the excess is only 16.5%. At the same time, under the simple tax system, there is no tax burden such as sales tax, value-added tax, withholding tax and consumption tax.

6. Opportunities in Guangdong-Hong Kong-Macao Greater Bay Area

For overseas high-end talents and talents in short supply who work in Guangdong-Hong Kong-Macao Greater Bay Area, the people's governments of nine cities in the Pearl River Delta will give financial subsidies for the part of their personal income tax paid in nine cities in the Pearl River Delta that exceeds the tax amount calculated by their taxable income 15%. With the development of Guangdong-Hong Kong-Macao Greater Bay Area, there will be more preferential policies in the future.

Of course, the above benefits are only the benefits of Hong Kong identity that many people are concerned about and familiar with, but in real life, there are more detailed benefits, so I won't talk about them here.

If you are interested in applying for Hong Kong identity and don't know whether you meet the requirements of Hong Kong identity application, you can pay attention to WeChat official 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!