Budget ｜ The new version of the Capital Investor Entrant Scheme does not include buying properties to live in Hong Kong

[Financial Budget 2023/Electronic Consumer Coupons/Pie Tang/Chen Maobo/Tax Reductions/Rate Reductions/Tax Allowances] The first policy report of the current government introduced a number of "talent grabbing" policies, which were announced today (22nd) In the Budget, a new plan was launched. Chen Maobo pointed out that in order to enrich the talent pool and attract more new funds to settle in Hong Kong, a new version of the "Capital Investor Entrant Scheme" will be launched. Applicants must invest a certain amount of assets in the local market, but It does not include property investment, and can come to live and develop in Hong Kong after approval.

▼Financial Budget.

The government promotes the recruitment of talents ▼

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Chen Maobo read out the budget, saying that in order to further enrich the talent pool and attract more new capital to settle in Hong Kong, a new "Capital Investor Entrant Scheme" will be introduced. Applicants must invest a certain amount of assets in the local market, excluding property investment.

After approval, they can come to Hong Kong to live and develop. The details of the plan will be announced later.

Checking the information, Hong Kong also launched the "Capital Investor Entrant Scheme" during the economic downturn in 2003, allowing applicants who invested 6.5 million yuan in Hong Kong to come and live in Hong Kong. The minimum investment amount of the plan was later raised to 10 million yuan. It was finally suspended in 2015.

▼The color of the cover of Chen Maobo's budget over the years▼

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The Labor and Welfare Bureau is updating the talent list

Chen Maobo also said that the Labor and Welfare Bureau is updating the "Talent List" to reflect the manpower needs of different professions, and it is expected to be completed next month.

The Labor and Welfare Bureau will also launch a new round of manpower resource projections in the middle of this year to assist the government in formulating appropriate strategies for overall manpower needs.

In terms of enterprises, he pointed out that the "Office for the Introduction of Key Enterprises", the "Advisory Committee for the Introduction of Key Enterprises" and the "Talent Attraction Group" have been established, with the purpose of introducing representative and high-potential key enterprises from all over the world.

The government will also introduce a company re-domiciliation mechanism to facilitate companies registered in other places, especially those whose business is centered in the Asia-Pacific region, to relocate their registration to Hong Kong to make good use of Hong Kong's excellent business conditions and professional services. Conduct consultations within 24 years and submit relevant legislative proposals.

▼August 7, 2022 The market situation of the first round of issuance of consumer coupons in the second phase of 2022▼

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Budget｜Start HAPPY HK Happy Hong Kong to organize land and sea carnivals and food markets in multiple districtsBudget｜Relief of residential and non-residential property rates for the first two quarters up to 1,000 yuan per quarter Budget 2023 tax reduction｜100% reduction Salary tax and personal income tax ceiling of $6,000 budget｜Policy lazy bag: consumer vouchers, tax rebates, Happy Hong Kong, green bond Budget｜Sweet lazy bag $5,000 consumer vouchers, transportation subsidy extension