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Hong Kong Announces Eased Asset Requirements for Cash-for-Residency Program

share-iconTuesday, January 07 comment-icon3 weeks ago 8 views
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Hong Kong Announces Eased Asset Requirements for Cash-for-Residency Program

Credited from: SCMP

  • Hong Kong is revising asset thresholds for its cash-for-residency scheme to attract more investors.
  • The changes, effective starting March 1, reduce the net asset requirement period from two years to six months.
  • Investments through family-owned vehicles will now count towards the HK$30 million investment threshold.
  • Approximately HK$24 billion is expected to enter the city through this program, boosting local economy.
  • The scheme aims to strengthen family office initiatives and promote Hong Kong as a global investment hub.

For more details, read the full article here.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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