Koreans seeking new opportunities can now secure Hong Kong residency through a major update to the Capital Investment Entrant Scheme (New CIES), which took effect on March 1, 2025. This move opens the door for high-net-worth individuals, including South Korean nationals, to gain residency by investing in Hong Kong’s economy. The scheme aims to attract global investors and support Hong Kong’s position as a leading financial center.
The New CIES requires applicants to show a minimum net asset value of HK$30 million (about 5.3 billion Korean won or US$3.8 million) held for at least six months before applying. This investment must be split between permissible financial assets and/or real estate, with a cap of HK$10 million on residential property. At least HK$27 million must go into financial assets, and HK$3 million is required in a special investment portfolio managed by the Hong Kong Investment Corporation Limited. This portfolio supports innovation, technology, and strategic industries in Hong Kong.
For the first time, the scheme allows joint ownership of assets. This means Koreans can use jointly held properties, bank accounts, or business assets to meet the net asset requirement, as long as these assets have been held for at least six months. This change provides more flexibility for families and business partners looking to invest together.
Family offices, which are private companies that manage investments and wealth for families, can also be used as investment vehicles under the New CIES. To qualify, a family office must hold at least HK$240 million in assets and employ two full-time staff in Hong Kong. This setup can help up to eight family members meet the net asset requirement, making it easier for wealthy Korean families to move together.
The scheme is open to a wide range of applicants, including foreign nationals, Chinese nationals with foreign permanent residency, residents of Macao SAR, and Chinese nationals living in Taiwan. However, citizens of Afghanistan, Cuba, and North Korea are not eligible. Successful applicants can bring their spouse and unmarried dependent children under 18, allowing families to settle in Hong Kong together.
The application process for the New CIES involves several steps:
- Net Asset Assessment: Applicants must submit proof that they have held the required assets for at least six months.
- Approval-in-Principle: If approved, applicants receive a 180-day visa to enter Hong Kong and complete their investment.
- Investment Completion: The qualifying investment must be made within 180 days of receiving the visa.
- Fulfillment Report: A certified public accountant (CPA) must confirm the investment is complete.
- Ongoing Compliance: Applicants must submit annual reports to show they are maintaining their investments.
As of June 2025, the Hong Kong government has received 1,548 applications under the New CIES, with expected investments totaling over HK$46 billion (about 8 trillion Korean won). This strong response shows the scheme’s appeal to global investors, including many Koreans looking for new business and lifestyle opportunities.
One of the main attractions for Koreans is the tax benefits. Family offices set up under the scheme may qualify for profit tax exemptions on certain transactions. This makes the investment route even more appealing for those managing large family fortunes.
The original Capital Investment Entrant Scheme started in 2003 but was suspended in 2015 due to concerns about its effectiveness and possible abuse. The new version, launched in March 2025, aims to attract genuine investors who can help Hong Kong’s economy, especially in areas like technology and innovation. By updating the rules, Hong Kong hopes to stay ahead of regional competitors and keep its reputation as a top financial hub.
For Koreans with significant assets, the New CIES offers a clear path to Hong Kong residency. This brings several benefits:
- Access to Hong Kong’s business environment: Hong Kong is known for its open markets and strong legal system, making it a popular place for business.
- Education opportunities: Families can take advantage of Hong Kong’s international schools and universities.
- Travel benefits: Hong Kong residency allows easier travel within Asia and beyond.
- Flexible wealth management: The scheme’s allowance for jointly held assets and family offices helps families manage their wealth more efficiently.
- Path to permanent residency: After meeting certain requirements, residents can apply for permanent residency and, eventually, naturalization under Hong Kong law.
Investment migration experts say the New CIES is competitive compared to similar programs in Asia. For example, Singapore’s Global Investor Programme requires a higher investment of SGD 10 million (about HK$58 million), and some Southeast Asian countries do not offer as clear a path to permanent residency. The inclusion of family offices and joint assets makes the Hong Kong scheme more modern and accessible for families and business groups.
| Government Fee | Additional Costs | |
|---|---|---|
| N/A | HK$30 million | N/A |
| N/A | HK$10 million | N/A |
| N/A | HK$27 million | N/A |
| N/A | HK$3 million | N/A |
| N/A | HK$240 million | N/A |
According to analysis by VisaVerge.com, the New CIES is expected to attract even more interest as Hong Kong continues to refine the program. The government may add more eligible asset types or make compliance reporting easier in the future. Officials will closely watch the program’s impact as Hong Kong competes with other cities for wealthy investors.
For Koreans considering this pathway, it’s important to prepare carefully:
- Gather proof of assets: Make sure all assets, whether held alone or jointly, have clear documentation showing they have been held for at least six months.
- Consult experts: Work with licensed immigration consultants or legal professionals who understand Hong Kong’s investment immigration rules.
- Plan for family: If using a family office, ensure it meets the asset and staffing requirements.
- Stay compliant: Keep up with annual reporting and other requirements to maintain residency status.
The Hong Kong government provides official information and guidance through Invest Hong Kong (InvestHK), the agency responsible for promoting the scheme. The Hong Kong Immigration Department handles visa issuance and compliance checks. Applicants should always use official forms and follow the latest instructions from these agencies.
In summary, the New Capital Investment Entrant Scheme offers Koreans a valuable chance to gain Hong Kong residency through investment. With its flexible rules, family-friendly options, and strong business environment, Hong Kong is positioning itself as a top choice for global investors. As the program evolves, it will likely remain a key route for Koreans and others seeking new opportunities in Asia’s financial heart.
Learn Today
Capital Investment Entrant Scheme → A Hong Kong government program allowing residency through significant investment in local assets.
Net Asset Value → The total value of assets held by an applicant, required for qualification under the scheme.
Family Office → A private company managing investments and wealth for families, qualifying as an investment entity in the scheme.
Approval-in-Principle → Initial government approval granting a 180-day visa to complete required investments.
Hong Kong Investment Corporation Limited → A governmental entity managing a special portfolio supporting Hong Kong’s innovation and strategic sectors.
This Article in a Nutshell
The New Capital Investment Entrant Scheme enables Koreans to obtain Hong Kong residency by investing HK$30 million, emphasizing joint ownership and family offices, enhancing flexibility and appeal amid strong early application numbers.
— By VisaVerge.com
