Legislative Council Brief: New Capital Investment Entrant Scheme (File Ref: ASST/3/1/8/2/1C)

Legislative Council Brief of 19 Dec 2023 on the New CIES: eligibility (age 18+, eligible nationalities, net assets of HK$30m for two years, no adverse record), minimum investment HK$30m (HK$27m permissible assets incl. non-residential real estate capped at HK$10m and certificates of deposit capped at 10%, plus HK$3m in the CIES Investment Portfolio), portfolio maintenance rules, procedure (InvestHK then ImmD; visitor entry up to 180 days to invest; 24-month then 3-year stays; permanent residence after 7 years), buyer's and new residential stamp duty suspension for applicants, implications, planned launch mid-2024. No application statistics. Investment thresholds, Exco approval and the Budget announcement were already recorded; this pass adds the net-asset requirement as a rule row (caps noted in it). Rules restated from other sources are now recorded from this document too (decision 8).