Hong Kong launches new visa scheme for graduates and high earners


On October 19 chief government of Hong Kong, John Lee, announced the ‘Top Expertise Pass Scheme’ – which the govt hopes will broadly entice talent to go after careers in Hong Kong with a two 12 months functioning visa.

“We must be much more proactive and aggressive in competing for enterprises and competing for expertise,” Lee mentioned in the course of his maiden coverage deal with.

“Apart from actively nurturing and retaining regional talent, the govt will proactively trawl the world for expertise,” he included.

Eligible expertise incorporates those whose once-a-year income amounted to HK$2.5 million or previously mentioned in 2021 and men and women who graduated from the world’s 100 leading universities – and who have 3 a long time of function expertise.

Lee mentioned that the government’s overseas workplaces will established up focused teams to liaise with the world’s top rated universities and their graduates.

The bid for expertise is a outcome of current brain drain which has transpired since China’s Countrywide Protection Legislation came into influence in 2020.

During the tackle, Lee said that Hong Kong has missing all over 140,000 individuals from its work drive in the previous two decades and a consequence has launched a coverage target of bringing in 35,000 experienced persons each individual calendar year.

Lee also introduced proposals which include tax rebates and additional calm procedure for companies who recruit foreigners, as properly as loosening immigration actions for overseas pupils and learners from mainland China, by extending the limit of stay from one particular 12 months to two.

Talking on the attractiveness of Hong Kong to abroad talent, Lee claimed that it has “advanced infrastructure in each components and software package, a audio legal method and prime-notch abilities from all over the world,”

“Hong Kong is also an captivating city embracing the two Chinese and Western cultures”

Lee extra: “an open and diversified metropolis in which previous and new styles meet up with, Hong Kong is also an pleasing town embracing both of those Chinese and Western cultures.”

The news was well acquired by Hong Kong’s publicly funded universities with the University of Hong Kong releasing a statement which mentioned: “We have an intercontinental educational environment, when backed by a sturdy mainland marketplace which supplies possibilities for awareness trade and commercialisation of the outputs of our scientists.”

“Building a sustainable and liveable Hong Kong will absolutely aid the College of Hong Kong and other regional universities to appeal to global abilities, enrich the in general competitiveness of Hong Kong academia and make a strong pool of talent for the region and the country,” the statement added.


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