How Can I Extend My Hong Kong Entrepreneur Visa Easily Without Needing To Supply My Financial Performance Details Every Year?
Posted in Investment Visas, The Hong Kong Visa Geeza, Your Question Answered /
Since the Audit Commission Report Number 66 published in April of 2016, Hong Kong entrepreneur visa holders subject to a review of their business each time they seek to extend their stay, have got more of the same coming…
It’s time for my Hong Kong entrepreneur visa renewal and I’m confused as to whether it is under the ‘General Employment’ section or not? I have a small business that allows me to freelance for one specific company. Is that General Employment?
For the last two years I have submitted an ID 91 form and subsequently had financial statements/business purpose outlines and more evidence of my contribution to Hong Kong along with staffing plans, etc. This will now be the third time that I’ve renewed and I’m wondering if there is anything I can do to simplify the process?
In an business investment (entrepreneur) visa scenario, ImmD have 2 extensions tracks:
- Business review, and
- Admin extension
From your profile it seems you are on the business review track.
Once on the business review track you stay on it until ImmD are satisfied at each extension of stay exercise that you are making a substantial contribution to the economy of Hong Kong. Since the Audit Commission Report Number 66 of April this year, this, for all practical purposes, means the creation of local jobs.
Once they are satisfied that the requisite contribution to the economy of Hong Kong is being made, they will move you off the business review track and onto the admin track. Only then will life get simpler for you. Essentially, by keeping you on the business review track, ImmD are reserving the right to assess your progress annually – so there’s not much you can do other than try to build the business and create local jobs.
It’s just a fact of immigration life these days I’m afraid.