As one of the Four Little Dragons in Asia, Hong Kong has obvious advantages in business development and economy, and because of its social and educational system advantages, it has attracted many high-net-worth individuals from mainland China to move to Hong Kong.
There are many ways to move to Hong Kong, the current mainstream channels are the Hong Kong Talent Program and the Hong Kong Talent Program. Xiaoxing will show you the difference between these two channels today.
01
Excellent Talent Admission Scheme
The Hong Kong Talent Admission Scheme, referred to as "Hong Kong Talent", is an immigration program with quotas that aims to attract high-skilled or outstanding talents to settle in Hong Kong, so as to enhance Hong Kong's competitiveness in the global market.
Talent introduction programs such as the “Top Talent Visa” in Singapore and the “Ten-Year Long-Term Residence Visa” in Thailand are similar to those in Hong Kong.
Application conditions
★The main applicant is over 18 years old and has no criminal record;
★Meet the basic eligibility requirements and earn points according to one of the two scoring systems established by the program:
1) Comprehensive scoring system - suitable for high-tech talents or outstanding talents (assessment categories: age, academic/professional qualifications, work experience, language ability, family background)
2) Achievement points system - for outstanding people with outstanding achievements (eg Olympic medals, Nobel Prizes, National/International Award winners, major achievements/contributions).
02
Entering Mainland Talents Scheme
The Imported Mainland Talent Program, commonly known as the "Professional Talents Program", aims to attract some outstanding mainland talents and professionals with recognized qualifications to work in Hong Kong, and to supplement the positions of certain talents in short supply in Hong Kong. Some people regard the Talented Talents Program as a work visa.
Application conditions
★The main applicant is over 18 years old and has no criminal record;
★ Bachelor degree or above, but in special circumstances, good technical qualifications, proven professional ability or relevant experience and achievements with documents are also acceptable;
★ Must have been employed by a local company in Hong Kong, and the work involved is related to their academic qualifications, professional ability and experience.
03
Analysis of the difference between excellent talents and special talents
Application subject
Talent:
Apply in person.
expert:
Apply by employers of local enterprises in Hong Kong before coming to Hong Kong.
group oriented
Talent:
Facing the world's outstanding elites and industry leaders.
expert:
Ordinary counterpart professionals in the Mainland.
Application threshold
Talent:
The requirements for applicants are relatively high, and the review is carried out through the comprehensive points system or the achievement point system.
expert:
The requirements for applicants are relatively low. Applicants must have a bachelor's degree or above, and have management or business experience.
Application cycle
Talent:
The general application period is 9-12 months.
expert:
The general application period is 3-6 months.
Application quota
Talent:
4,000 places a year [will be increased to 8,000] and need to compete with the same batch of applicants.
expert:
No quota, no competition.
freedom of work
Talent:
You can change jobs or start your own business at any time without applying to the Immigration Department, and you can also be temporarily unemployed during the period.
expert:
The work must be related to academic qualifications or work experience, and employers need to have the qualifications to hire mainlanders. If you change jobs, you need to submit a new application to the Immigration Department. After the new employer has been reviewed and approved by the Immigration Department, it can be renewed.
In general, the Hong Kong Talent Program pays more attention to the applicant's personal background, highlighting the highlights and advantages of the personal background, and there is a chance to apply successfully. While the Professional Scheme pays more attention to the applicant's work experience, applicants who work in popular or scarce industries in Hong Kong will be more favored.
04
Quick Facts About Hong Kong Permanent Resident Status Benefits
There is no difference between Hong Kong talents and Hong Kong talents, and the benefits enjoyed by applicants after successful approval are the same. Most importantly, these two types of people only need to meet the 7-year residency requirement before they can apply for Hong Kong permanent residency status.
The advantages of Hong Kong identity are many, mainly reflected in financial investment, tax incentives, household registration policies, education and further studies, medical benefits, etc.
1
freedom of identity
No need to wait 7 years to enjoy the same education and medical benefits as Hong Kong permanent residents. Children born in Hong Kong can directly obtain Hong Kong permanent resident status.
2
Welfare Freedom
Before applying for the Home Return Permit, you can keep your mainland identity and household registration and enjoy dual benefits in both places.
3
educational freedom
Fifteen years of free Chinese and English education, you can enter pure foreign international schools, participate in the DSE examination and the exemption plan for mainland colleges and universities, and pass the Hong Kong, Macao and Taiwan overseas Chinese students joint entrance examination to enter mainland famous schools, and enjoy the advantage of lower admission.
4
business freedom
No foreign exchange control, narrow tax base, few tax types, simple tax laws, and preferred tax residency status. It is easy to set up an international company locally, with low business costs, and foreign investment treatment can be enjoyed in the mainland.
5
Visa-free freedom
The issued SAR passport can be visa-free to 168 countries and regions, and can legally hold passports of other countries (as travel documents).
In addition to the above two popular ways to obtain Hong Kong status, there are also the Technology Talent Entry Scheme, non-local graduates stay/return to Hong Kong for employment, Entrepreneur Entry Scheme, general employment scheme, etc. You can weigh the pros and cons according to your own situation to make a more suitable choice.
Nebula International is headquartered in Hong Kong, China, with regional advantages and strong resources. Professional consultants, senior copywriters, and post-service teams will follow up the whole process, providing a full range of considerate services such as Hong Kong immigration, further education, and investment.
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