How to Position Yourself
for a Business Visa in Hong Kong
By
Angela Spaxman
Since 1997 it
has gradually been getting more difficult for foreigners to get work visas
in Hong Kong. This trend may be partly because of the change of rule from
British to Chinese, and it is certainly because of the changes in the
economy. For the first time in decades, unemployment is a concern in Hong
Kong, and that affects the government’s openness to foreign workers.
Even so, it
is still absolutely possible to get a work visa in Hong Kong as long as you
can identify your specific place in the marketplace and prove your value to
the Hong Kong Immigration Department. You may need to find a certain spin
to make your application attractive, and you can certainly benefit from
support both professional and personal. This article focuses on the
so-called investment visa category for those who wish to run their own
businesses or work as freelancers. This type of visa would give you the
maximum amount of freedom to do business in Hong Kong. This visa would suit
those planning to establish themselves independently in Hong Kong, or those
joining a spouse who is already working.
What the Immigration Department Wants
The
Immigration Department is looking for evidence that your business:
- Is viable and will not
fail or go bankrupt.
- Contributes
‘significantly’ to Hong Kong’s economy.
- Adds something special
to Hong Kong (e.g. it does not take jobs from Hong Kong people, it adds
something needed in the marketplace, it contributes something desirable to
other Hong Kong businesses).
In your visa
application, you’ll want to include ‘proof’ that you meet these three
requirements. Obviously there is a lot of room for interpretation and you
can be creative as you think of ways that you and your business meet these
requirements. Here are a few examples of how people I know have met these
requirements.
Examples
of Successful Cases:
Specialized Professional Services
In 2000 I
applied for an investment visa for my own company so that I could provide
business and career coaching in Hong Kong. As a generally cautious person, I
was quite concerned about being turned down for the visa. I was very keen on
starting this business and I didn’t have an attractive plan B. I felt my
chances of success would be hampered by the fact that I was planning to work
from home and there was a low likelihood of my company ever being a
significant employer. Despite those disadvantages, my proposal also had
several highlights to make it attractive to the Immigration Department. I
was planning a progressive service business with distinctive training
requirements that were not at all common in Hong Kong at the time. I had
substantial savings and therefore significant capital to support the
business. Since I was already well connected in Hong Kong, I could also
provide references from locals who pointed out the potential for my business
and their intention to work with me.
Small Trading Company
One friend of
mine recently started a small trading company dealing in specialty low-value
products between China and Holland. His disadvantages were quite opposite to
mine. He had low capital investment, no higher education and he was trading
in low profile, ‘cheap’ products. However, he was persistent in leveraging
the advantages that he had. In particular he emphasized the language skills
and relationships with Dutch customers that made his business possible and
which could not be easily replaced in Hong Kong. He also demonstrated his
very open attitude by providing masses of paperwork to show sincerity and
establish trust with the Immigration Departments. His partnership with
another businessman showed that he had local knowledge, connections and
potential for the company to grow and employ locals.
Small Computer Services
Company
Another
friend started a small computer service business in 1999 and had quite a bit
of trouble maintaining her work visa, although in the end she was
successful. She was operating a home-based sole-proprietorship and was
relatively cash poor. She was, however, very highly technically qualified.
Each time she had to renew her visa, every year or so, she was asked to
provide more documentation to prove the viability of her company. Other
business owner share the experience that once the visa was issued, annual or
bi-annual renewals were very simple. However, she did manage to maintain the
visa until she received permanent residency at last.
These
anecdotes demonstrate the value of having your Investment Visa Application
be backed up by a well-thought out and well-documented Business Plan that
clearly demonstrates how you bring extra value to Hong Kong. Remember, the
Immigration Department Officials want to document their own decisions with
concrete evidence so that it cannot be said that they made a mistake. Give
them what they want!
Here are some
things to include:
-
Reference letters from
existing Hong Kong businesses that support or collaborate with yours.
-
Letters of intent from
potential customers or suppliers.
-
Degrees, certificates,
diplomas and awards, even if not directly relevant.
-
Records of your
business to date such as financial records, customer lists etc.
-
Business projections
and plans for sales, staffing, profits, investments,
etc.
-
Media reports
supporting your business’s growth potential.
Most
importantly, you must be able to describe what makes you and your business
special in Hong Kong so that the Immigration Department can understand the
value you bring. Apart from attaining your visa, knowing your business’s
value is also a key step to marketing, building and growing a successful
business.
About
Author
Angela is a Business and Career
Coach who works with managers, professionals and business people who want to
love their job and be brilliant at it. Her clients are improving management
skills, developing careers and building businesses. Contact her through
www.spaxman.com.hk.
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