Migration to Hong Kong

Acquiring a second residency or an additional citizenship serves as a significant opportunity for building wealth and retirement planning. Once individuals secure permanent residency, they may pursue naturalization and obtain a Hong Kong passport. Holders of the Hong Kong passport enjoy visa-free or visa-on-arrival access to 173 countries and regions. Additionally, permanent residents of Hong Kong can apply for the Mainland Travel Permit for Hong Kong and Macao Permanent Residents (Non-Chinese Citizens), which facilitates multiple entries into Mainland China, with each visit limited to a duration of 90 days.

 

Hong Kong offers various migration visa options for expatriates and international investors seeking to relocate. These visas permit applicants to bring their family members along. Our company provides assistance to investors, entrepreneurs, and families in selecting the most appropriate migration pathway to Hong Kong. The Hong Kong government actively encourages foreign enterprises to establish their operations in the region, which is recognized as a tax haven.

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Company formation, Taxation advice
A robust legal framework in Hong Kong provides corporations with significant commercial and tax advantages. As a strategic gateway to Mainland China, companies registered in Hong Kong can seamlessly access the Chinese market. With a business bank account, entrepreneurs benefit from the ability to conduct business transactions in Hong Kong Dollars, US Dollars, Euros, and Renminbi without any foreign exchange restrictions. Additionally, companies can hold investments and assets.

 

The process of establishing a corporation in Hong Kong is efficient, straightforward, and cost-effective. The setup can be completed in minimum one business day. Our team is dedicated to assisting you with document preparation, offering taxation guidance post-establishment, and the opening of business bank accounts assistance.

 

Immovable Assets

Individuals holding a Hong Kong Identity Card, regardless of their nationality, are permitted to invest in real estate within Hong Kong. They are entitled to the same advantages regarding stamp duty and mortgage options as local residents. Buyers have the opportunity to acquire properties for personal use or as investment assets, which may encompass residential apartments, commercial properties, and parking spaces. It is important to note that land in Hong Kong is leasehold and is granted by the government. Our team is dedicated to assisting investors in identifying the most appropriate areas that offer high potential returns for investment or family use. 

 

Nominee Director and/or Shareholder Services
A limited company in Hong Kong is required to have a minimum of one (1) natural person serving as a director, as stipulated by the Hong Kong Company Ordinance. The responsibilities of directors encompass overseeing the company's overall operations with the aim of benefiting its shareholders. Their duties include managing the company in the best interests of all shareholders, representing the company's interests, administering, controlling, and directing the organization, effectively executing their responsibilities, and ensuring legal compliance.

 

Moreover, the role of a director carries specific legal status and obligations within the context of company formation, which distinguishes it from the role of a company director who is primarily responsible for the daily operations of the business.

 

For certain clients hailing from high-risk countries and regions, as well as foreign investors who prefer not to be listed on government documents, the use of nominee shareholder services is strongly advised. The role of nominee shareholders is to safeguard the identities of the ultimate beneficial owners of the company.

 

It is advisable for overseas clients to consider appointing a nominee services to alleviate the challenges associated with opening bank accounts, managing bookkeeping, obtaining tax advice, and maintaining identity privacy. 

 

A declaration of trust in favour of the real and ultimate beneficial owner is signed between the parties. The nominee will have voting right and power to decide in specific matters only as instructed by the beneficial owner. 

 

Wealth Succession & Estate planning 

Estate planning is a systematic approach that determines how an individual's assets will be safeguarded, managed, and allocated following their death or in the case of incapacitation. This process ensures that beneficiaries receive their inheritances in a manner that reduces tax obligations in relevant jurisdictions, including estate tax, gift tax, and income tax, among others.

 

Passing away without a Will results in the distribution of one's estate according to the Hong Kong Intestates’ Estates Ordinance. Therefore, it is strongly advised to create a Will as part of estate planning to prevent potential conflicts. The testator should clearly indicate their domicile, and the Will must be interpreted and executed in accordance with Hong Kong law.

 

Our estate planning services encompass the preparation of power of attorney, cross-border asset distribution, guidance on local inheritance regulations, the establishment of trusts within the Hong Kong jurisdiction, the drafting of family arrangement deeds, and the management of trust, probate, and administrative disputes.

 

Investment protection

Hong Kong is recognized as a tax haven due to its straightforward tax structure. In September 2024, the Hong Kong government entered into a comprehensive double taxation avoidance agreement (CDTA) with Türkiye. This agreement delineates the distribution of taxing rights between the two jurisdictions, enabling investors to more effectively evaluate their potential tax obligations arising from cross-border economic activities. Additionally, it safeguards Turkish residents in Hong Kong by ensuring that their investments and assets located in Hong Kong are not subject to double taxation in either region. Our team of experts is prepared to provide professional guidance on the protection of offshore investments, including pension funds, insurance, bonds, foreign currency savings, and trust services.

 

Education services

Finding school placements is one of the hurdles encountered by expat families. Further, it is a major factor in decision making process. 

 

Hong Kong education starts from kindergarten (age 2.8), primary school (age 5.8), secondary school (age 11.8), to college and/or university. In within, Hong Kong has government schools, aided schools, private schools, international schools, and special schools. For local schools, syllabus is designed by the Hong Kong Education Bureau with teaching medium in English, Cantonese, and Mandarin. For international and private schools, syllabus can be American, Australian, Canadian, French, German, IB, and UK. Students are required to pass the written exams and interview to secure an opportunity. 

 

There are 22 higher education institutions in Hong Kong with local degree-awarding power. Most of the bachelor programmes are 4 years. In order to get into a local university, students are required to obtain results from public exams. For instance, HKDSE (Hong Kong Diploma of Secondary Education Examination), IB Diploma, SAT, GCSE, and/or other countries high school public examination results. There are master (taught and/or research) and doctorate (taught and/or PHD) programmes if students desire to pursue post graduate education. 

 

The universities located in Hong Kong are featured in the QS global university rankings. As of June 2024, the rankings are as follows: 

• The University of Hong Kong is positioned at 17th, 

• The Chinese University of Hong Kong at 36th, 

• The Hong Kong University of Science and Technology at 47th, 

• The Hong Kong Polytechnic University at 57th, and 

• City University of Hong Kong (CityUHK) at 62nd. 

 

High school graduates from both local and international schools in Hong Kong have the opportunity to apply through the Joint University Programmes Admissions System (JUPAS) or utilize their international public examination results (non-JUPAS). Additionally, international students may apply using the results from their home country's accredited public examinations, such as the Turkey Anadolu Lisesi, Devlet Lise Diplomasi, or Lise Bitirme Diplomasi.

 

Our professional team has more than 10 years of experience in the education field. We can provide pre-interview assessment to evaluate your children’s English literacy in order to shorten the time of finding appropriate school opportunities.