76% of applications for Hong Kong’s new investment visa scheme from residents of Vanuatu and Guinea-Bissau
Hong Kong has received 251 applications for its newly launched investment migration scheme, with most applicants residents of the South Pacific island nation Vanuatu and Guinea-Bissau, in West Africa. The government rolled out the New Capital Investment Entrant Scheme on March 1 to allow foreign nationals – and residents of Taiwan, Macau and mainland China “that have obtained permanent resident status in a foreign country” – to be granted a two-year visa if they invest at least HK$30 million in permissible assets in the city. Such assets include non-residential real estate or financial product...