The New Capital Investment Entrant Scheme (the "New Scheme") was launched by the InvestHK of the Government of the Hong Kong Special Administrative Region the "New CIES Office on 1 March 2024 to facilitate the entry for residence by capital investment entrants, i.e. investors who make capital investment in Hong Kong but would not be engaged in the running of any business here. With a wealth of expertise and experience, CPY helps the Scheme applicants to tailor-make investment portfolios that fulfill the Scheme requirements with specified financial assets, such as equities, debt securities and eligible collective investment schemes.

    * Foreign nationals (except nationals of Afghanistan, Cuba and Democratic People's Republic of Korea)；
    * Macau Special Administration Region (SAR) residents；
    * Chinese nationals with permanent resident status in a foreign country； and
    * Taiwan residents.

    * Be aged 18 or above at the time of applying for Net Asset Assessment ；
    * Have net assets or net equity of not less than HK$30 million to which he/she is absolutely beneficially entitled throughout the two years preceding his/her application；
    * Have invested during the six months before t his/her application of is lodged for Net Asset Assessment, or invests within and thereafter throughout the period beginning six months before lodging his/her application for Approval-in-Principal and ending six months after Approval-in-Principal has been granted, or have invested within six months after the granting of Approval-in-Principal by the Immigration Department, not less than HK$30 million in permissible investment asset classes (except Certificates of Deposit which must be invested within the latter period)；and
    * For details of the New CIES Scheme please visit
https://www.newcies.gov.hk/en/index.html

1. How do Chinese citizens apply for the Scheme？
   As the Scheme does not cover Chinese citizens, applicants should obtain permanent resident status in a foreign country before applying for the Scheme.
2. Is the applicant allowed to bring in their dependants under the Scheme？
   The applicant may be allowed to bring in their dependants (i.e. spouse and unmarried dependent children under 18 years of age) provided that the applicant is capable of supporting and accommodating his/her dependants on his/her own without relying on any return on the permissible investment assets, employment or public assistance in Hong Kong.
3. Will the applicant automatically become a permanent resident of Hong Kong after seven years？
   The applicant is still required to apply to become a permanent resident of Hong Kong after a period of continuous ordinary residence in Hong Kong of not less than seven years.
4. (a)Is the applicant allowed to withdraw any capital gain from the permissible investment asset classes under the Scheme？
   (b)Alternatively, is it necessary to top up the value of permissible investment asset classes under the Scheme if the value falls below the requisite minimum level of the Scheme？
   (a)The applicant is not allowed to withdraw any capital gain from his/her investment if its market value rises above the requisite level, but Cash dividend income and interest income derived from permissible financial assets can be retained by the applicant at anytime.
   (b)The applicant is not required to top up the value of his/her investment in any asset classes should the value of his/her total investment under the Scheme fall below the requisite minimum level of HK$30 million.
5. Is the applicant allowed to switch between permissible investment asset classes under the Scheme？
   The applicant is free to switch investments from one permissible asset class to another, provided that the entire proceeds from the sale of the initial assets are reinvested. (Please note in the investment, each applicant is required to place HK$3 million into a new CIES IP and will be subject to lock-up). He/She should keep a record of every change to his/her investment portfolio for the purpose of applying for an extension of stay in Hong Kong.
6. How many account(s) under the Scheme can be opened by an applicant with any financial intermediary in Hong Kong？
   The applicant is only engage at most three financial intermediaries under the Scheme. For details, please refer to 6.1(a)(ii) of the Rules of the New CIES on the Immigration Department's website.
7. What is the procedure for applicants who wish to transfer their designated account to CPY?
   Transfer Process:
       * Firstly, the applicant needs to open an "New CIES" account at CPY.
       * The existing intermediary institution should be requested to transfer the assets from the designated account to the newly opened "New CIES" account at CPY and issue a termination notice to the New CIES Office.
       * Simultaneously, our company will issue an appointment letter to the New CIES Office within 7 working days.
       * Our company waives all asset deposit fees.
       * For detailed transfer procedures, please contact our Customer Service Hotline or consult with your broker.