INVESTMENT RESIDENCY PROGRAMS

The charts describe various options for HNWIs and their families’ tax residential planning amongst which:

  • Residential programs combined with Citizenship Programs in South Europe (Cyprus, Malta, Italy, Spain and Portugal) granted to non-EU nationals,
  • UAE, Panama, Bahamas, Malaysia and Thailand residential programs attracting both European and emerging market applicants looking for alternative special purpose residencies
  • Traditional residential programs such as Switzerland, the UK and Singapore. However the impact of the Brexit should be kept in mind, especially for the UK resident non-domiciled.

Portugal,Spain,Italy

Countries Characteristics Main Conditions Dependents visas Mandatory interview Presence required during the application procedure Yearly Presence to spend in the country Conditions to obtain Tax Residency Certificate Taxation Time frame Validity and renewability of residence permit
Portugal Favorable tax regime for non-habitual residents Tax treaty network
– Visa Free access to Schengen states
Real estate investment of EUR 500,000 or EUR 350,000 (rehabilitation real estate) or Investment of EUR 1 million (including purchase of companies’ shares) or Creation of 10 jobs or Capital transfer (EUR 250,000 for artistic production, maintenance of cultural heritage) / EUR 350,000 for scientific research, integrated in national system
/ 500,000 for purchase of units in capital funds aimed at the capitalization of SMEs
Spouse children (minor and adult children if studying, single and economically dependent on the investor)
Parents and spouse’s parents, if dependent on the investor
No To initiate the procedure 7 days in the 1st year and 14 days in the subsequent period of 2 years required to qualify for permanent residence To spend 183+ days per calendar year or  Place of habitual residence in country as of end of December Yearly Tax filling Income tax: residents are liable on their worldwide income non-residents are liable only on Portuguese source income Non-habitual residents are liable on net employment and self employment income from «high value added activities» at a flat rate of 20%, foreign-source income may be exempted, under certain conditions No Wealth tax Gift/inheritance tax: 10% stamp duty; spouses, descendants and ascendants are exempted Other tax: 0.8% on free transfer of real estate 4 to 7 months Valid for 1 year then renewable for up to 2 years After 5 years, a permanent residence can be applied for:if the applicant and his family (if family residence permit) were not absent for 6 consecutive or 8 interpolated months (temporary permit) And 24 consecutive or 30 interpolated months (permanent permit) Or If within the Golden Visa, they must spend in Portugal 7 days in the 1st year and 14 days in the subsequent period of 2 years.
Spain No minimum stay
No tax return
Tax treaty network
Visa Free access to Schengen states
Real estate investment of EUR 500,000 or Investment of EUR 2 mio in Spanish public debt or
Investment of EUR 1 mio in Spanish enterprises or Deposit of a min.
value of EUR 1 mio with Spanish finance entities
spouse
civil partner
unmarried minor dependent children
disabled adult dependent children (above 18)
dependent parents
Required 1 day per year to qualify for permanent residence To spend 183+ days per calendar year
Primary professional activities conducted in Spain
Main interests in Spain (e.g. dependent(s) living in country together with applicant)
No Yearly tax return: special HNWI scheme Income tax: residents are liable on their worldwide income
non-residents are liable only on Spanish source income
Not applicable to persons benefiting from the special HNWI scheme, except for non-residents where no double taxation is in place Wealth No Wealth tax Gift/inheritance tax: only if deceased person or heirs are tax resident in Spain or inheritance/gift of Spanish assets.
None if heir is ascendant/descendent of deceased person in certain areas (e.g. Madrid).
5 to 9 weeks Valid for 1 year then renewable for up to 2 years
After 5 years, a permanent residence can be applied for.
Italy No minimum investment
Tax treaty network
Visa Free access to Schengen states
Real estate investment (no min value) or Subscribe to a tenancy agreement (no min value) And Proof of regular income with income from financial resources of min. Euro 12,000 per year (excluding employment income) plus 6,000 per family member Spouse
Unmarried minor children
Dependent parents
Required to initiate procedure and collect residence permit 180 days per year must be registered in the Records of the Italian Resident Population or has a ‘residence’ in Italy (habitual abode) or has a ‘domicile’ in Italy (principal center of business, economic and social interests, e.g. the family) Yearly tax return Income Tax: residents are liable on their worldwide income, but there’s no double taxation if any income is taxed abroad (like pensions, capital gains etc.)
Non-residents are liable only on Italian source income.
Income subject to progressive tax rate (ranging from 23% to 43%) to be increased by local surcharges (average rate 2% to 3%). No Wealth Tax Gift/Inheritance Tax: If the heirs are spouse or direct ascendants/decedents tax rate 4% (exemption applies up to Euro 500,000 euros); in case of other heirs tax rate from 6% to 8% Rental income tax : 21% or 10% Capital Gain Tax: 20% for sale of real property; total exemption if sale occurs after 5 year from the purchase in case of natural persons
4 to 9 weeks Valid for 1 year then renewable for up to 5 years (the applicant must not remain outside Italy for a continuous period of over 6 months)
After 5 years, a permanent residence can be applied for citizenship

UK, Switzerland, Monaco

Countries Characteristics Main Conditions Dependents visas Mandatory interview Presence required during the application procedure Yearly Presence to spend in the country Conditions to obtain Tax Residency Certificate Taxation Time frame Validity and renewability of residence permit
UK No minimum stay to maintain the Investor visa

A day count applies if wants to obtain permanent residency or citizenship

No wealth tax

Investment of minimum GBP 2 million / GBP 5 million / or GBP 10 million into qualifying UK investments SpousePartners

Dependent children (max. 18 years and be dependent)

Discretionary None To be eligible to apply for permanent residency he should not spend more than 180 days in any 12-month period outside the UK.The day count is higher if he wants to apply for citizenship after being permanent resident in UK for one year Basic conditions of applicable Double Tax Convention Yearly tax return Income tax:Tax residents are liable on their worldwide income.

Non-residents are liable on their UK source income.

resident non-domiciled individuals are only taxed on their UK source income and foreign income remitted to the UK. After 7 years, a remittance basis charge is applicable (from GBP 30,000 to GBP 50,000 depending on the number of years of residence) No Wealth tax  Gift tax: some exemption Inheritance tax: -Nil Rate Band GBP 325,000 (no tax on estate below this Threshold)

Above this threshold 40% tax.

Exemption applicable on business assets

4 to 9 months Valid for 3 yearsRenewable for up to 2 years

If investment of GBP 2 million then after 5 years   he can apply for “indefinite leave to remain” (permanent residency).

If investment of GBP 5 million then after 3 years he can apply for permanent residency.

If investment of GBP 10 million then after 2 years he can apply for permanent residency.

Switzerland Within the lump sum taxation regime: No declaration of worldwide income and assets.No capital gain tax / except on sale of real estate property.

Visa Free access to Schengen area

Lump sum taxation regime if applicable in the canton.Or

Employment contract of min 1 year or being self employed

SpouseMinor children No None Min. 180 days per year If applicant exercises gainful activities for a consecutive period of 30 daysor

remains without exercising gainful activities for a consecutive period  of 90 days

Yearly tax return Income tax:Federal (up to 11.5%) plus cantonal taxes.

Residents are liable on their worldwide income.

Non-residents are liable on Swiss source income only.

Special regime for Lump sum taxation beneficiaries (min. tax of CHF400, 000 based on expenses).

No Capital gain tax except on sale of real estate property. Wealth tax: only at the cantonal level Gift, inheritance tax: not applicable in all cantons

2 weeks to 5 months (minimum duration for EU/ EFTA citizens) For EU/EFTA citizens: 5 years residency permit is granted (B permit). After 5 years, a permanent residency with no limit validity (C permit) can be granted.
For other nationalities: residency permit of 1 year renewable every year is granted. The C permit is usually granted after 10 years and kept if visiting Switzerland once every 6 months.
Monaco No tax on income, wealth, gift (to spouse/ parents or descendants), local tax, capital gain and inheritance (direct one and only for foreign situs assets).Visa Free access to Schengen area. Real estate investmentOr

Tenancy agreement

And

Holds at least €500,000 in a Monegasque bank

spouseChildren of max.16 years old Yes Yes at beginning  Advisable 183 days with a min 90 days within a year Title deedOr

Lease agreement and last 12 months utility bills.

And

Affidavit stating that he has spent at least 183 days per year or has his center of interests in the country.

No Yearly tax return No Income Tax (French citizens are taxed in France) No Capital gain tax none (French citizens are taxed in France) No Wealth tax No Gift/inheritance tax:  (except on Monaco situs assets: up to 16% / 0 % between Spouse, parents or descendants / 8 % for siblings; 10 % for uncle, aunts, nephews, and 16 % for unrelated persons). At least 7 weeks (minimum duration for EU/ EFTA citizens) Residence permit 1 to 3: valid 1 year / renewable annually.
Residence permit 4 to 6: valid 3 years/renewable for 3 years.
Residence permit 7 and above: valid 10 years / renewable for 10 years but must resides for at least 3 months per year

Malta, Cyprus, Hungaria

Countries Characteristics Main Conditions Dependents visas Mandatory interview Presence required during the application procedure Yearly Presence to spend in the country Conditions to obtain Tax Residency Certificate Taxation Time frame Validity and renewability of residence permit
Malta Immediate Permanent Residence

No age limit for children

No worldwide income (only tax remittance basis), wealth, gift and inheritance tax

No minimum stay

Requirement

Only for non EU/EFTA citizens

Visa Free to all Schengen Area

Real estate investment (min. EUR 320,000 in Malta or EUR 270,000 in Gozo/South of Malta)Or

Property rental (for min EUR 12,000 in Malta/EUR 10,000 in Gozo/South of Malta)

And

Investment of at least EUR 250,000 in governmental bonds

And

Government contribution of EUR 30,000

And

Proof of min. annual income EUR 100,000 arising outside Malta or min. capital of EUR 500,000

Spouse

Partner

Dependent children (un-married and economically dependent on the Main Applicant, of any age).

Parents and grandparents

None Only for biometrics None 183 days within a single calendar year Yearly tax return if tax resident of Malta. Income tax: -Residents non-domiciled are taxable on a remittance basis. (Up to 35% on foreign source income (not foreign source capital) remitted to Malta).

Income and capital gains arising in Malta are always subject to personal income tax rates. No Capital gain tax: on capital gains arising outside Malta, even if remitted to Malta; No Wealth tax No Gift and inheritance tax

3 to 5 months Life valid Residence
Residence Card renewable every 5 years
Cyprus No minimum stay requirement

No wealth, inheritance, gift and capital gain (in general) tax

No Visa Free to all Schengen Area

Real estate investment of min. EUR 300,000 HT (title deeds or sale contract filed at the Department of Lands and Surveys. Real estate is to be sold for the first by a developer)

And

Deposit of min. EUR 30,000 in a financial institution for at least 3 years.

And

Annual income min. EUR 30,000 plus EUR5, 000 to 8,000 per dependent.

All above amounts shall derive from abroad

SpouseMinor children

Adult children under up to 25 years old (financially dependent students in an institution of tertiary education

Parents and parents-in-law.

None / exceptions No / representatives appointed Visit at least once every two yearsand

Advisable to not spend more than 183 days in another country

No intention to take any employment in Cyprus.

Domicile or habitual residence or center of interests (personal, social, financial) in Cyprus.

Yearly tax return Income tax: residents are taxable on their worldwide income (Up to 35%).

Non-residents are liable only on Cyprus source income. (Up to 35%).

Min. tax liability for non  EU/EFTA citizens: EUR 19,500 No Capital gain tax:except on sale of Cyprus real estate property or shares in companies owning Cypriot real estate (20%). Special Contribution (SDC): residents not domiciled in Cyprus are not subject to SDC on interest, rents or dividends regardless of whether such income is derived from Cypriot sources and is remitted. No Wealth tax No and Gift inheritance tax

2 months Granted for an indefinite period under condition to visit within one year from issuance permit and at least once every 2 years.
For other nationalities: residency permit of 1 year renewable every year is granted. The C permit is usually granted after 10 years and kept if visiting Switzerland once every 6 months.
Hungaria No minimum stay requirementNo wealth, inheritance, gift and capital gain (in general) tax

Visa Free to all Schengen Area

Investment of min. EUR 300,000 in a government residency bond program for 5 years either personally or through a majority shareholder owned business  SpouseMinor children

Dependent parents

For initial application (or consulate abroad) Not to spend more than 183 days in another country No issuance of certificate of residence Yearly tax return if tax resident in Hungaria

(spends more than 183 days in the country)  Income tax: – Residents are liable on their worldwide income.

Non-residents are liable only on Hungarian source income (15% tax). No Capital gain tax   No Wealth tax:except for real estate tax  No Gift and inheritance tax: for spouse, descendants and grandparents

2 to 4 weeks Life valid Residence
Residence Card renewable every 5 years

Bulgaria, Latvia, Greece

Countries Characteristics Main Conditions Dependents visas Mandatory interview Presence required during the application procedure Yearly Presence to spend in the country Conditions to obtain Tax Residency Certificate Taxation Time frame Validity and renewability of residence permit
Bulgaria No minimum stay requirement

Very low gift, capital gain and inheritance tax.

No wealth tax

Investment of EUR 180,000 in Bulgaria

and

Holds capital of EUR 1 mio. Or -Investment of EUR 512,000 for 5 years in a government bond (with no accrued interest).

Spouse

Unmarried children (up to 21 years old)

No For collection of  pre-approved residency visa and if applying for dependents Not to spend more than 183 days in another country To spend 183 days within a single calendar year Or Centre of economic interests Yearly tax return Income tax: residents (spends 183 days within 12 consecutive months or conducts business in Bulgaria) are liable on their worldwide income (10% tax).

Non-residents are liable only on Bulgarian source income (10% tax) for more than No Wealth tax Gift and inheritance tax: (0.4% to 6.6%) No tax on Dividends Capital gain tax: on sale of real estate property

6 to 10 months Valid 5 years (then could apply for citizenship)Renewable for up to 5 years (if does not apply for citizenship)
Latvia No minimum stay requirement

No wealth tax

All foreign income tax exempted even if remitted.

Visa Free access to Schengen area

Incorporation of a company ( with max. 50 employees and annual turnover of max USD 12 mio) (including purchase of company’s shares of a min. USD 57,000 and donation of USD 12,000 to the state budget )

Or

Real Estate investment of a min. USD 281,000

Or

Investment in credit institution of USD 315,000 and donation of USD 28,000 to the state budget

Or

Investment in state securities of USD 280,000 and donation of USD 28,000 to state budget

Spouse

Minor children

No But exceptions For visa processing and collection of residence permit Not to spend more than 183 days in another country To spend 183 days within a single calendar year Yearly tax return Income tax: residents (spends 183 days within 12 consecutive months) are liable on their worldwide income (23% tax).

Non-residents are liable only on Latvia source income (23% tax).   Capital gain tax: 2% on sale real estate property or real estate company shares No Wealth tax  No Gift tax: Except if received by non-relatives (15%tax) No Inheritance tax: except for royalties (15%tax)

2 to 4 months Valid 5 years (to be registered yearly and must visit Latvia once every 6 months )After 5 years, right to permanent residency permit
Greece No minimum stay requirement

No wealth tax

Visa Free access to Schengen area

Only for Non EU/EFTA citizens

Real estate investment of  min. EUR 250,000Or

10 years Tenancy contract with min.  value of EUR 250,000

Or

10 years lease contract (hotel or tourist accommodations) with  min. value of EUR 250,000

Spouse

Unmarried children (up to 21 years old)

Dependent parents

For Biometrics Not to spend more than 60 days every 3 months in another country To spend 183 days within a single calendar year Ordomicile or habitual residence or center of interests (personal, social, financial) Yearly tax return: for property tax or rental income Income tax: residents (spends 183 days within 12 consecutive months) are liable on their worldwide income.

Non-residents are liable only on Greek source income.

15% on dividends, royalties, deposit interest and rental income (from 15% to 45%) Capital gain tax: ( from 22% to 45% ) No Wealth tax Gift and inheritance tax: (from 0% to 40% depending on the proximity of relatives and the value) Land tax: depends on real estate property

2 to 7 months Valid 5 yearsRenewable up to 5 years

Gibraltar, Ireland

Countries Characteristics Main Conditions Dependents visas Mandatory interview Presence required during the application procedure Yearly Presence to spend in the country Conditions to obtain Tax Residency Certificate Taxation Time frame Validity and renewability of residence permit
Gibraltar No minimum stay requirements

No taxation on interest, capital gain, gift, wealth and inheritance tax

No minimum investment

Real estate investment in Gibraltar

Or

Tenancy contract

And

Capital min. of USD 2.6 mio

Spouse

Dependent children

No Required Not to spend more than 183 days in another country To spend 183 days within a single calendar year AndAt least 300 days in aggregate over 3 consecutive years of assessment Yearly tax return   Income tax: residents (spends 183 days within 12 consecutive months) are liable on their worldwide income.

Non-residents are liable only on Gibraltar source income.

(HNWI with a Category 2 permit would be subject to income tax on the first USD 104,000 income and to max. USD 38,750 tax). No Capital gain tax   No Wealth tax   No Gift and inheritance tax

1 month Valid for life but to be approved every 3 years by Finance Centre
Ireland Advantageous tax benefits for non-domiciled persons

For non-EU and EFTA citizens

Investment of min EUR 500,000

And

minimum net worth of EUR 2 mio

Or

Employment Contract as highly skilled migrant

Or

Benefit of the Start-up Entrepreneur Program (with innovative business and financial means of min. EUR 75,000)

Spouse

Minor children and dependent children up to 24 under conditions.

No None 1 day every 6 months AndNot to spend more than 183 days in another country To spend 183 days within a single calendar year Or280 days in the tax year plus the previous one with a minimum of 30 days in each year Yearly tax return Income tax: residents are liable only on Irish source income while foreign income is only taxable on remittance basis.

Non-habitual residents are liable on net employment income and trade in Ireland. No Capital Gains tax: except for remitted foreign gains No Wealth tax Gift and inheritance tax: none for the spouse and civil partner (for others 33% above the tax free threshold).

3 to 5 months Valid 2 yearsRenewable for 3 then 5 years

UAE, Mauritius, Singapoore

Countries Characteristics Main Conditions Dependents visas Mandatory interview Presence required during the application procedure Yearly Presence to spend in the country Conditions to obtain Tax Residency Certificate Taxation Time frame Validity and renewability of residence permit
UAE No minimum stay requirements

No income, gift, wealth and inheritance tax.

No tax filing

Incorporation of a company

Or

Real Estate investment of min. USD 360,000

Spouse

Children below 18 years

Unmarried female child

Dependent parents, grandparents, siblings

No Not for initial applicationRequired for visa procedure and collection of residency permit 1 day every 6 months (180 days)And

Not to spend more than 183 days in another country

To spend 183 days in country within a single calendar year (Immigration Report stating number of days spent in the UAE)Valid Tenancy contract (Ejari) or Title Deed

6 months UAE/local bank account statements

Evidence of income in UAE

None Min6 months Valid for up to 3 yearsRenewable for up to 3 years
Mauritius No minimum stay requirement

No capital gains, gift, wealth and inheritance tax

Real Estate investment of USD 500,000 through qualified schemes (IRS), (RES), (PDS) and  (SCS)

Or

Occupation Permit holder (Investor/ self-employed/ Professional)

Or

-Retired non-citizen (at least 50 years old) transferring yearly USD 40,000 to a local bank.

Spouse

Partner

Children up to 24 years old

Required for  occupation permit Required for retired noncitizens and occupation permits Not to spend more than 183 days in another country To spend 183 days within a single calendar year Yearly tax return Income tax: residents are liable on their worldwide income (15% tax).

Non-residents are liable only on Mauritius source income (15% tax). No Capital gain taxNo Wealth tax   No gift tax, No inheritance tax

15 to 60 days Occupation and retired Permits: valid up to 3 years. Then a Permanent Residence permit (valid 10 years) can be granted.Residence Permit: valid until permit holder sells his interests in the real estate schemes.
Singapoore All individuals’ foreign source income (except the one received through Singaporean partnership) is tax exempted and so even if remitted.

No capital gains, gift, wealth and inheritance tax

Investment of min. SGD 2.5 mio in an approved Global Investor fund (GIP) or through the Global Investor Program. 1. Eligibility for Singapore Permanent Residence (“SPR”) : Spouse

Unmarried children up to 21 years old.

2. Eligibility for family members to 5 years Visit Pass:

Parents

Unmarried children (above 21 years old)

Yes Required for interview None for residency To spend 183 days within a single calendar year Yearly tax return Income tax: Tax on income accrued in or derived from Singapore for residents (up to 22%) and non-residents (either 15% or up to 22%).

Tax exemption for foreign source income remitted by a resident or non-resident (except income received through Singaporean partnership). No Capital gains tax    No Wealth tax   No Gift and inheritance tax

At least 5 months Valid 5 years

Renewable under conditions

Malaysia, Thailand

Countries Characteristics Main Conditions Dependents visas Mandatory interview Presence required during the application procedure Yearly Presence to spend in the country Conditions to obtain Tax Residency Certificate Taxation Time frame Validity and renewability of residence permit
Malaysia No minimum stay requirement

No gift, wealth and inheritance tax

Investment Visa: Applicant to maintain a personal local bank account of USD 2 mio frozen for 5 years Or -Employment Visa  Or – Investment in the Malaysia My Second Home Program (MM2H): *above 50 years old, monthly pension of MYR 10,000 (USD2,500) or monthly salary of MYR 10,000 , fixed deposit of MYR 150,000 (USD35,000) and bank assets of MYR 350,000 (USD90,000).

*below 50 years old: monthly salary of MYR 10,000 , fixed deposit of MYR 3000,000 (USD75,000) and bank assets of MYR 500,000 (USD125,000 Or – Real estate Investment in MM2H of MYR 1 mio (USD250,000)

Spouse

Children up to 21 years old

Parents 60 and plus

Yes Yes Not to spend more than 183 days in another country

For MM2H, to spend 183 days in the country within a year

To spend 183 days within a single calendar year Yearly tax return Income Tax: resident (up to 25% tax) and non-resident (flat tax 25%) taxed on Malaysian source income while Foreign source income is exempted. No Capital gain tax: except for gains from sale real estate property (30%) or shares of real estate company No Wealth tax   No Gift and inheritance tax 3 to 4 month Initial 6 months validity.
Renewable for up to 10 years.
After 10 years permanent residency
Thailand No minimum stay requirement

No gift, wealth and inheritance tax

Employment visa. Or -Elite visa :

*for 5 years THB 500,000/ USD 14,000; *for 10 years THB 800,000/USD 23,000; *for 20 years THB 1 mio/USD 57,000.  Or Retirement Visa:

* above 50 years old min. of THB 800,000 maintained for at least 3 months on a local bank account

Or Transfer of monthly retirement income of at least THB 65,000. Or Investment through an approved business.

Spouse

Children up to 20 years old

Dependent parents

Yes Yes Not to spend more than 183 days in another country To spend 183 days within a single calendar year Yearly tax return   Income Tax: resident (up to 35% tax) and non-resident (up to 35% tax taxed on Thai source income. Residents liable only if income remitted in the year when it has been derived from (after fully exempted). Capital gain tax: up to 35%. No Wealth tax Gift and inheritance tax: 5% for ascendants and descendants or 10% for others on assets above THB 100 mio. 3 to 4 months Initial 6 months validity.
Renewable for up to 3 years
After 3 years permanent residency.

Panama, Bahamas, Hong Kong

Countries Characteristics Main Conditions Dependents visas Mandatory interview Presence required during the application procedure Yearly Presence to spend in the country Conditions to obtain Tax Residency Certificate Taxation Time frame Validity and renewability of residence permit
Panama No minimum stay requirement

All foreign income is exempted even if remitted

No gift, wealth and inheritance tax

Employment Visa: must have a valuable skill, knowledge or experience not available in Hong Kong

Or

Entrepreneur Visa: the business must be of substantial benefit to Hong Kong (e.g. new  jobs)

Permanent Residency is obtainable after 7 years of continuous residence

Spouse

minor children

Children up to 25 years old (student in a college or university in Panama)

No For initial application (one week) Not to spend more than 183 days in another country To spend 183 days within a single calendar year Proof of address in country Yearly tax return if income derived from Panama business activity Income tax: – Residents and nonresidents are subject to tax on Panama source income only (up to 25% above USD50,000 income). Capital gain tax: 10%   No Wealth tax  No Gift and inheritance tax At least 6 months Valid for life but visit once every 2 years.10 years ID card
Bahamas No minimum stay requirement

No income, capital gain, gift, wealth and inheritance tax

No tax return

Real estate investment of  USD 500,000

Or

Business investment of USD 500,000

spouse

Minor children

No None Not to spend more than 183 days in another country No certificate of residence only confirmation letter from department of immigration No Yearly tax return: under HNWI program No income, capital gain, gift, wealth and inheritance tax Yearly residence permit: 3 monthsPermanent residence permit: 8  to 12 months Yearly residence permit: valid for 1 year
Hong Kong No minimum stay requirement

No capital gain, gift, wealth and inheritance tax

No corporate tax on foreign profits.

Hub to Mainland China

Incorporation  of a company

And

Deposit of USD 10,000 in a local bank

Spouse

Children under conditions

No None Hong Kong should be the main center of economic interests andMust spend at least 183 days per year (condition of “continuous stay”). To spend at least 183 days within a single calendar yearOr

Centre of economic interests should be in Hong Kong

Yearly tax return Income Tax: Income arising in or derived from Hong Kong job, office or from services rendered in Hong Kong during visits of more than 60 days in any tax year are taxable under salaries tax (up to 17%). Profit Tax: 16.5% for onshore profits; 0% for foreign profits Property Tax: 15% No Gift and inheritance tax   No Wealth tax   No Capital gains tax No Withholding tax on dividends and interests- Only on royalties at 4,95% for corporate entities and 4.5% for non-corporate person HNWI Visa: 5 to 7 weeksEmployment Visa: 5 to 7 weeks

Entrepreneur Visa: 4 to 7 months

First validity of 2 yearsRenewable twice for up to 6 years

After 7 years, permanent residence  permit could be granted if continuous residency over last 7 years

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