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Hong Kong government announces details of new Capital Investment Entrant Scheme
The Hong Kong government announced details of the new Capital Investment Entrant Scheme (CIES) on December 19. The new CIES, expected to go into effect in mid-2024, will accept applications from eligible persons aged 18 or above (including foreign nationals, Chinese nationals who have obtained permanent resident status in a foreign country, Macao Special Administrative Region residents and Chinese residents of Taiwan).
A Tax Alert prepared by EY's People Advisory Services group, attached below, provides additional details.