Hong Kong is a former British colony that is now a part of the People's Republic of China. It is made up of three areas and more than 200 islands. Hong Kong Island, the Kowloon Peninsula, and the New Territories are the three places. It is in Eastern Asia, next to the People's Republic of China and the South China Sea. Hong Kong is 2,755 square kilometers in size. It has a subtropical and temperate climate for about half the year. Most of the land is made up of steep mountain slopes, but there are some lowlands in the north. There are more than 7.5 million people living there. It is one of the places with the most people in the world. More than 71 million people use the Hong Kong International Airport (HKG) every year, making it the biggest airport in the territory. The airport is used by more than 100 airlines that fly to 180 different places around the world.
The culture of Hong Kong is a mix of British and Cantonese ways of life. Chinese folk religions, Buddhism, Taoism, and Christianity are the main religions of the country. English, Mandarin, and Cantonese are the official languages. The system of law is based on English common law, but Chinese customary law is used for family and land issues. The type of government is a decentralized system led by the executive in a socialist republic. President Xi Jinping of China is the head of state. Carrie Lam is in charge of running the government. Every five years, there are elections, and the president is chosen by the Election Committee.
The country's official currency is the Hong Kong dollar (HKD). Hong Kong's economy is open, and it has a GDP of about $439 billion. This makes it the fifth largest economy in East Asia. The average income of its people is $58,165. The service industry is the only one that makes up most of the GDP. The country depends a lot on international trade and finance.
Hong Kong has lots of urban and cultural things to see and do. It is known for its history and beautiful scenery, which bring people there in the winter and summer. The Star Ferry, Victoria Peak, the Big Buddha, the Wong Tai Sin Temple, Repulse Bay, and Ocean Park are some of the best places to visit. There are about 55.9 million tourists who visit the country every year. The vast majority of tourists come from Mainland China.
Hong Kong
The Hong Kong Investment Visa Program is designed to attract overseas entrepreneurs and professionals to invest and start businesses in Hong Kong. The program offers a fast-track arrangements for applicants to obtain permanent residency in Hong Kong. The program is open to all nationalities, and successful applicants will be granted full residency rights in Hong Kong.
The applicant is in a position to contribute significantly to the economy of the HKSAR, with factors including, but not limited to, business plan, business turnover, financial resources, investment sum, number of jobs created locally, and introduction of new technology or skills.
In order to be eligible for the program, applicants must have a minimum investment of HK$6.5 million (US$837,000) in a business in Hong Kong
A candidate may also submit an application if he or she intends to establish or join a startup business. If the start-up business is supported by a government-backed program with rigorous screening and selection, and if the applicant is the owner or partner of the start-up business or a key researcher for the relevant project, the Immigration Department may favorably review the application.
There is no minimum investment amount, so we put the base at $50,000 as a minimum on the country overview, however, this is likely way too low.
According to the SovSpot Passport Ranking Index, the Hong Kong passport is now ranked 18th. It allows entrance to 175 countries without requiring a visa. As a result, it is regarded as one of the world's most desirable passports, with a high mobility score. Visa-free travel and visas on arrival are available to Hong Kong passport holders in countries such as Brazil, the European Union, the United Kingdom, the United Arab Emirates, and Canada. Hong Kong passport holders, on the other hand, need a visa to visit 54 countries around the world. Taiwan, India, and the United States are among the countries that require a visa.
18
175
The number of countries Hong Kong passport holders can enter without a visa (i.e. visa-free countries) and those Hong Kong passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Hong Kong passport ranking relative to other global passports (eTA). There are now 139 visa-free countries for Hong Kong passport holders, 31 visa-on-arrival countries for Hong Kong passport holders, and 5 eTA destinations. In total, Hong Kong passport holders can visit 175 countries without a visa, via visa on arrival, or using an eTA. As a result, the Hong Kong passport is ranked number 18 in the world.; In addition to these Hong Kong visa-free and visa-on-arrival countries, Hong Kong passport holders must also get a physical visa or an eVisa to visit 54 other countries (i.e. visa required countries).
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