Schooling the Lawyers – Business Investment (Entrepreneur) Visa
Discover the intricacies of the Entrepreneur Visa in Hong Kong, a unique visa designed for those aiming to establish or join a business. This visa type encompasses both standalone entrepreneurs and supported startups, with the main objective of contributing substantially to the local economy. Applicants can be part of a government-accredited program like Cyberport or Science Park to gain a competitive edge. Typically, successful applicants receive a 24-month visa, though some may initially receive only a 12-month visa subject to a business review.
The video unpacks the ‘Catch-22’ challenge of demonstrating economic contribution for obtaining the visa and emphasizes the need for a solid business plan and financial resources. It addresses the importance of suitable business premises, the creation of local employment opportunities, and the introduction of new technologies or skills.
For current visitors and employment visa holders, the video offers strategies to improve visa approval chances, such as aligning with a reputable local sponsor and demonstrating significant business potential. It also touches on the complexities of changing visa categories and the potential for visa extensions based on business performance.
This overview is essential for anyone looking to navigate the path of entrepreneurship in Hong Kong, offering guidance on meeting the stringent requirements and leveraging local resources to fulfill their business aspirations.
Once a year Stephen Barnes delivers a Continuing Professional Development seminar to the solicitors fraternity in Hong Kong which is accredited by the Law Society.
This series of videos encompasses that entire 2023 programme.
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