The Quality Migrant Admission Scheme is a quota-based scheme launched by the Hong Kong government to attract outstanding talents from other places to settle in Hong Kong, thereby enhancing the competitiveness of Hong Kong. The plan was announced on February 23, 2006, and implementation began before June of that year. The Chief Executive of the Hong Kong Special Administrative Region, Carrie Lam, delivered her fifth policy address during her term of office in the Legislative Council of the Hong Kong Special Administrative Region in October 2021. Carrie Lam said that Hong Kong's human resource supply is facing bottleneck and announced that the annual quota of the "Quality Talents Admission Scheme" would be doubled to 4,000, and also assist relevant policies to attract talents to work in Hong Kong through the network of overseas ETOs and Mainland offices.
Talent application history data
A total of 1,709 applicants were approved in 2020, 95% of whom were from mainland China, with an average approval rate of 14%-33% over the years.
It increased to 4,000 places per year in October 2021. Once the policy was released, and the early approval rate was expected to be high.
Hong Kong Identity Advantage
Visa convenience: Hong Kong SAR passport is definitely a world pass; visa-free to 168 countries and regions.
Retaining Mainland identity: Applying for Hong Kong identity through Hong Kong Youcai and other channels does not need to cancel the Mainland account (exception: applying for Hong Kong identity by relatives, then the Mainland account needs to be cancelled before applying for a one-way permit).
Enjoy education: Hong Kong implements 12 years of compulsory education (3 years of kindergarten + (kindergarten is not compulsory in HK) 6 years of primary school + 3 years of junior high school + 3 years of high school).
Advantages of studying in the Mainland: Hong Kong citizenship, with DSE scores, can directly enter 985 international famous schools in the mainland through the "Exemption Admissions Program"; in addition, Hong Kong permanent resident students can pass the "Overseas Chinese Students Joint Entrance Exam" to enter mainland institutions (minimum 400 copies on 985).
Advantages of studying abroad: 290 universities recognize DSE scores, and the scores are accepted by famous overseas schools. The Hong Kong government has subsidies.
Hong Kong Treasure: Children born in Hong Kong can obtain a Hong Kong permanent identity card.
Medical Insurance: Enjoy the international-level advanced medical technology in Hong Kong, and the cost of hospitalization/general medicine is low.
Career development advantages: working locally in Hong Kong, you can get in touch with different international famous enterprises; it is easy to apply for overseas work visas, the application time for moving overseas is shorter, and the conditions are relaxed.
Free business environment: In Hong Kong's open and free business environment, the procedures for establishing a business are simple and fast, with low costs and low thresholds. In addition, Hong Kong enterprises are conducive in enhancing the international reputation of enterprises and providing assistance for brand building. Overseas listings are not regulated by mainland policies.
There are few low-tax regions in the world: Hong Kong’s import tariffs, company business tax, and personal income tax are significantly lower than other mainstream developed countries, especially personal income tax. The Hong Kong government stipulates that the maximum salaries tax rate is 15%, and there is 13.2W per person per year. The Hong Kong dollar tax exemption means that more than half of the working people in Hong Kong do not need to pay salaries tax, and the other 20% pay less than 1,000 yuan in annual tax.
Opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area: For overseas high-end talents and in-demand talents working in the Guangdong-Hong Kong-Macao Greater Bay Area, the personal income tax paid in the nine Pearl River Delta cities exceeds the tax calculated by 15% of their taxable income. Part of it is given financial subsidies by the people's governments of the nine cities in the Pearl River Delta. With the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area, there will be more favorable policies in the future.
Apply for the advantage of Hong Kong identity with the gifted method
(1) Compared with other Hong Kong visas, Hong Kong Youcai has the lowest renewal requirements and the best policy after passing the application;
(2) If one person applies, both the spouse and children under the age of 18 can be used as dependents to obtain Hong Kong resident status;
(3) You can keep the mainland household registration, which will not affect your career and life in the mainland at all, and you can choose your identity flexibly after seven years.
Required information for applying
1. Identity document;
2. Graduation certificate, academic certification, and various qualification certificates;
3. Proof of assets;
4. Work background certificate/recommendation letter;
5. No criminal certificate.
