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Hong Kong Investment Visa – Case Which Would Not Get Approved Today But Will Be Approved 9 ~ 12 Months From Now

July 14th, 2012

Posted by / in Investment Visas, Refusals & Appeals, Your Question Answered / 10 responses


 

This question is a really interesting one as, from an immigration perspective, it suffers from the lack of a compelling reason for the owner of the business to be able to show the Hong Kong Immigration Department that she is in a position to make a substantial contribution to the economy of Hong Kong – today. Next year, however, she may be much better placed…

 

QUESTION

“I am looking to establish my business in Hong Kong so I would need to get a Business Investment Visa, and I am wondering if you could take a quick look at my situation.

My current situation is this:

• I am a 25 year old woman of Swedish nationality.

• I have a current business (sole proprietorship) in Sweden.

• My business is in Internet Marketing, my main specialisation is in driving traffic (visitors) to e-commerce websites.

• My main partners are Ebay.com and Amazon.com.

• I have been focusing mainly on the American market.

• This business is fully Internet based, which means.

• Me and my employees only need a computer with Internet for work.

• I can relocate my whole business without any problems.

• Currently I have 3 “employees”, all are from the India.

• On average I pay them 8.000 HKD / month for full time work.

• I don’t have any official contracts stating they are my employees, I think they would fall under the category freelancers.

• I started this business officially in 2010.

• In 2010 I made a profit of 22.000 Euro (~210.000 HKD) – 40.000 Euro revenue, 18.000 Euro expenses.

• In 2011 I made a profit of 25.000 Euro (~240.000 HKD) – 51.000 Euro revenue, 26.000 Euro expenses.

• In the first half of 2012 I made around 42.000 Euro revenue (~400.000 HKD). I think the profit over this period should be between 25% and 50% of that.

• I currently have about 42.500 Euro in my bank account.

• I am currently developing a new system.

• I have analysed all of my previous strategies and efforts and designed this system based on that.

• It should be ready before the shopping season at the end of the year, in fact it’s almost in a stage where we can start testing it.

• When the system is finished it should result in a huge boost in revenue and a reliable stream of income.

I don’t have any degrees or certificates for proof of my expertise. I finished school at the age of 18 or 19 and after that I tried studying at the university but that wasn’t for me, so I started something on my own. I then learnt everything I know now through trainings and courses on the Internet and from first hand experience.

Do you think I will get a visa?”

 

Related Posts for Further Information

Hong Kong investment visas – what’s involved?

Hong Kong investment visa approval where the money was running out

Hong Kong investment visas – 3 case examples which would not get approved

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The Hong Kong Visa Geeza (a.k.a Stephen Barnes) is a co-founder of the Hong Kong Visa Centre and author of the Hong Kong Visa Handbook. A law graduate of the London School of Economics, Stephen has been practicing Hong Kong immigration since 1993 and is widely acknowledged as the leading authority on business immigration matters here for the last 24 years.

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