Answer
The Hong Kong Talent Scheme does not require investment but requires applicants to provide proof of assets to demonstrate that they can support themselves in Hong Kong without relying on public assistance.
Generally, it’s recommended that individuals provide asset proof of HK$120,000 and families provide HK$360,000. Bank deposits, personal stocks, and real estate can be used as proof of assets, and no source of funds needs to be provided.
The Hong Kong Talent Scheme application consists of two conditions: basic eligibility and a points system. Applicants must meet the basic eligibility criteria before proceeding to the scoring stage.
Basic eligibility: 18 years or older, bachelor’s degree (with a diploma), proficiency in Mandarin/Cantonese/English, no criminal record, and sufficient financial means.
Points system: Applicants can choose between a general points system or an achievement-based system. The total score is 245 points, and a score of 80 points is required to apply. Due to the high requirements of the achievement-based system, most applicants will opt for the general points system, where points are given based on age, work experience, education, etc. 80 points is sufficient for application.
Not necessarily. Although the Hong Kong Talent Scheme uses a points system, a higher score does not automatically increase the approval chances.
During the approval process, points are only a preliminary filter. The final approval depends on factors such as education, work experience, and the applicant’s plans in Hong Kong.
Thus, a high score doesn’t guarantee approval, and a low score should not be a reason to give up. Don’t fall into this misconception.
Some applicants may be concerned that their age will affect their chances of approval.
In the Hong Kong Talent Scheme scoring system, individuals aged 18-39 get 30 points, those aged 40-44 get 20 points, 45-50 get 15 points, and 51 and above get 0 points, so older applicants are at a disadvantage when it comes to age points.
However, older applicants often have extensive work experience. As long as they meet the basic requirements and score 80 points, they can still apply. The key is to highlight work advantages and strengths, and to carefully prepare the plan for coming to Hong Kong, explaining what they will do in Hong Kong, how they will do it, and what contributions they can make to Hong Kong. This can still lead to approval.
The Hong Kong Talent List includes the talents needed for Hong Kong's current and mid-term economic development. Since August 28, 2018, the Hong Kong Talent Scheme has used the Hong Kong Talent List. Applicants with backgrounds in industries listed on the Talent List can receive an additional 30 points in the Comprehensive Points System.
Whether you are applying for the Hong Kong Talent Scheme or after receiving approval for Hong Kong residency, permanent residency, or a Hong Kong passport, you do not need to cancel your Mainland China household registration.
Canceling the Mainland household registration is related to the Home Return Permit. After seven years of permanent residency, if you wish to apply for the Home Return Permit, you will need to cancel your Mainland household registration.