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Hong Kong announces new immigration policies to attract overseas and mainland Chinese talent
On 19 October 2022, the Hong Kong Chief Executive announced plans to introduce several changes to local immigration policies, including the creation of a new pass for top talent, and a relaxation of existing visa programs and the rules governing the entry of short-term business visitors. While further details are expected to be released in the coming months, currently there are no indications as to when the changes and the new Scheme will be implemented.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.