www.fastlanehr.hk have just lately experienced a pair of intriguing Hong Kong expenditure visa ‘wins’ which fly in the face of the typically parlayed mantra that ‘one guy businesses by no means get approved’ by the HK Immigration Office (the “HKID”).
What follows are unable to be said to implement in each solitary instance of a 1-male only expense visa application for Hong Kong, but it does speak to the fact that this kind of organizations CAN in reality obtain an approval from the HKID – if only you have:
A persuasive rationale for commencing out as a single operator.
Commonly accessible resources to commit at a stage that is relatively increased than the bare least 6 months income flow.
A dynamic in your business program that is powerful or or else provides attractive or scarce ‘human capital’ to the HKSAR.
A manifestly evident intention to create neighborhood positions eventually, if not quickly.
Your ducks in any other case entirely lined up!
With the facts a bit modified to defend the confidentiality of our clients, listed here are the important conditions of 2, different ‘one man businesses’ which went on to safe the approval of the HKID under our counsel and with us controlling the apps.
The very first concerned an interior design and style providers expert who experienced a couple of several years prior home in Hong Kong as an employee but was modifying professions totally in signing up for in his new business. His organization was ‘him’, for all intents and functions but he did have some ‘family IP’ which he was bringing to the enterprise, which his father experienced used in a related family company in the British isles for more than thirty many years. Even though his father experienced retired some many years beforehand, he was appointed to the board of our client’s a single male minimal legal responsibility business and was manifestly going to help out his son out with counsel and tips. Throw in twelve months really worth of money all set to spend, the assist of specific HK contacts who indicated they would offer company to this, initially, a single guy operation and a program which evidently demonstrated that if the development trajectory was achieved, new positions would be developed as sure as night time follows day, the HKID bought into the argument and accredited the software with no more fuss than can be anticipated where there are considerably more substantial scale expense plans for Hong Kong.
The second occasion took in a woman psychological overall health expert in a profession that does not call for official registration in the HKSAR and who was searching for to established up a new practice, getting grown exhausted of working in a recent occupation in Hong Kong which was not in any way related with her actual skills. As it took place, the business rationale for beginning the company was often heading to be nebulous – she was the item, right after all, and she only experienced a finite amount of time that she could promote. Certainly, at minimum a single neighborhood task was to be developed 4 months into the enterprise strategy and the funds accessible for expenditure was literally just enough for set up and 6 months’ cash movement. Nevertheless, her location of skills was so persuasive and in these kinds of quick supply in the HKSAR, our guidance was that the ‘substantial contribution’ factor of the investment decision visa approvability test ought to be argued in the context of the help afforded to pressured out Hong Kong bankers and legal professionals and that her follow was never ever likely to be a significant income spinner throwing off new positions left proper and centre. It worked and her visa was accepted in double-swift time.