Which is the better way to apply for Hong Kong status? Hong Kong Visa Application

Hong Kong has always been very popular and is superior to the Mainland in terms of taxation, welfare protection and children's education. Moreover, in recent years, the talent gap in Hong Kong has expanded, vigorously introducing talents from all walks of life and introducing various policies to attract talents to settle in Hong Kong. For those who want to go to Hong Kong, now is a good time to apply for working visa extension hong kong.

Hong Kong's latest immigration policies and application requirements

1.Top Talent Pass Scheme

The Highly Talented Persons Scheme accepts applications from three categories of eligible persons.

Category A: Those who have an annual income of HK$2.5 million or above in the year before application;

Category B: are undergraduate graduates from one of the world's top 100 universities who have accumulated at least three years of work experience in the past five years;

Category C: being persons who have graduated with an undergraduate degree from a top 100 global university but have less than three years of work experience in the past five years prior to application.

It is worth noting that Category A and B are issued with a two-year Hong Kong Region Permit with no quota on the number of applicants, while Category C is subject to a ceiling on the number of applicants at 10,000 persons/year.

2. Specialized Talent Scheme

"The Specialized Talent Scheme (STS) is the "Admission Scheme for Mainland Talents and Professionals". At present, applicants belonging to the 1,313 professions in shortage of local talents listed in the Talent List may be recruited to Hong Kong without going through the market supply test, provided that they meet the requirements of the relevant job types and general duties.

3. Study Abroad Program

To study full-time locally-accredited technical courses in Hong Kong and obtain a bachelor's degree or higher qualifications, we can apply for a student visa to stay in Hong Kong during the period of study, and after graduation, we can apply for a 2-year Hong Kong IANG visa, which can be renewed for another 7 years to apply for permanent residence in Hong Kong, China.

4.Hong Kong Talents Scheme

Starting from January 1, 2023, the annual quota restriction will be abolished for a period of 2 years. Merit can be applied individually or as a family unit. If applying as a family unit, the one who participates in the merit rating is the main applicant, with spouse and children as dependents. When we or the main applicant's merit score reaches the standard, we can proceed with the application.

Role of Hong Kong Identity

1. Low tax policy

Hong Kong's standard tax rate applicable to individuals and profits tax rate applicable to unincorporated entities are both 15%, while the corporate profits tax rate is 16.5%. Despite the tax reduction policies being implemented in many economies around the world, the income tax rates adopted in Hong Kong are still globally competitive at present. Another important feature of Hong Kong's tax system is the territorial principle of taxation. Taxpayers are only liable to pay tax on income derived from Hong Kong, and no tax is payable on income derived from sources outside Hong Kong.

2. 15-year free public education for children

Hong Kong has 15 years of compulsory education (3 years for kindergarten + 6 years for elementary school + 3 years for junior high school + 3 years for senior high school).

If the applicant settles in Hong Kong, his/her children can enjoy free education of international first-class level. Students only need to pay school fees every semester to attend public primary and secondary schools in Hong Kong. If the applicant lives in the Mainland, the child can directly enroll in an international school, and there is no need to be anxious about school places.

3. Joint Entrance Examination for Hong Kong, Macao, Taiwan and Overseas Chinese Students

Children of Hong Kong permanent residents can take the Joint Entrance Examination for Hong Kong, Macao, Taiwan and Overseas Chinese Students (JEE). The scores for admission to elite schools in the Mainland are lower, which reduces the pressure of competition in the college entrance examination.

4.Hong Kong DSE Examination

The Hong Kong DSE is the only international examination in the world that can be answered in Chinese, and the Hong Kong DSE examination is simpler than the Mainland's college entrance examination.

5. Springboard for Overseas Migration

Hong Kong status has long been known as a springboard for overseas migration. Major emigration countries have adopted a lenient policy towards people with Hong Kong status, which has an absolute advantage over applying for a household registration directly in the Mainland, such as Canada and Australia.

6. Perfect medical protection

Hong Kong's medical insurance system allows all Hong Kong residents to enjoy high-quality medical services at a low cost, and even for non-permanent residents, their children can receive free vaccinations.

It is important to note that no matter which of the above ways to obtain a Hong Kong visa is not directly to obtain Hong Kong permanent resident status, all need to be 7 years before you can apply for permanent residence.