Last Updated on February 23, 2023
Key Points
The authorities of Hong Kong plan to introduce measures aimed at attracting global talent and boosting the economy throughout the region
Overview
The authorities of Hong Kong introduced new measures to attract global talent and boost the economy of the region. These measures will include:
- Introducing a new office for Attracting Strategic Enterprises (OASES)
- Launching a new Top Talent Pass Scheme for foreign nationals earning at least HKD 2.5 million per year, who have graduated from a top university in the last three years
- Enhancing existing talent admission schemes throughout the region
- Reducing requirements under the Technology Talent Admissions Scheme by lifting local employment quota requirements and maintaining quotas for a period of two years
- Reducing requirements for some visitors to apply for an employment visa when participating in short-term business activities in Hong Kong
What are the Changes?
The authorities of Hong Kong launched plans aimed at increasing the number of highly skilled foreign nationals working in the region. According to the announcement, these measures are intended to attract high-potential talent from around the world to Hong Kong.
Looking Ahead
Continue to check the authorities of Hong Kong’s website and Envoy’s website for the latest updates and information.
Content in this publication is for informational purposes only and not intended as legal advice, nor should it be relied on as such. For additional information on the issues discussed, consult an attorney at one of the two U.S. Law Firms working with the Envoy Platform or another qualified professional. On non-U.S. immigration issues, consult an Envoy global immigration service provider or another qualified representative.
