Wednesday, January 14, 2015

Report from China: what does it mean when Hong Kong to stop immigrant investor program January 15, 2015?

Hong Kong's Capital Investment Entrant Scheme (CIES), an immigration program for investors, will be suspended effective January 15, 2015. Mr. Leung Chun-ying, Chief Executive of the Hong Kong Special Administrative Region, made the annual Policy Address on Wednesday.  During the report, Leung said Hong Kong would make a clear list of investment categories to attract more overseas entrepreneurs to run their businesses in the city. 90% of CIES participants are high net worth individuals from the mainland China. The investor's investment was set at $10 million HK dollars. 

The termination of current CIES will drive more Chinese investors to consider EB-5 immigrant investor program in the US. Chinese migration industry loses another solid "Product". As Europeans voice for toughening immigration laws, it is very likely to see a much stronger market for US EB-5 immigrant investor program in next two years if the Congress renews the program end of September this year.  To learn more about EB-5 immigrant investor program and trends in Chinese market, please contact us at artisanbusiness@gmail.com.

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