Entrepreneur Visa Guide

Entrepreneur Visa Guide

Entrepreneur Visa Guide for Hong Kong, Singapore, and Malaysia

Hong Kong

Hong Kong is a well-established financial center and a popular destination for entrepreneurs. The city offers a special visa scheme called "Entry for Investment as Entrepreneurs" for foreign entrepreneurs who want to relocate and operate their own business in Hong Kong.

Eligibility:

• You must have a solid business plan that demonstrates a significant contribution to the Hong Kong economy.

• You must have sufficient funds to support yourself and your business.

• You must have relevant business experience or qualifications.

Benefits:

• The visa is initially valid for one year and can be renewed as long as your business remains viable.

• You can bring your spouse and dependent children under the age of 18 to Hong Kong.

• You may be eligible to apply for Hong Kong permanent residence after seven years of living in Hong Kong.

Application Process:

1. Complete the application form (ID 999A) and have it endorsed by a Hong Kong sponsoring company (if applicable).

2. Submit the application form along with supporting documents to the Immigration Department.

3. Attend an interview if required.

Supporting Documents:

• Detailed business plan

• Proof of funds

• Business registration documents (if applicable)

• Educational qualifications

• Proof of business experience

Singapore

Singapore is another attractive destination for entrepreneurs, known for its pro-business environment and skilled workforce. Singapore offers two main visa options for entrepreneurs:

• EntrePass: This visa is for individuals who are looking to start a new business in Singapore.

• Dependent's Pass (EntrePass): This visa is for dependents of EntrePass holders.

Eligibility (EntrePass):

• You must have a viable business idea with good growth potential.

• You must have relevant business experience or qualifications.

• You must have sufficient funds to support yourself and your business.

Benefits (EntrePass):

• The EntrePass is valid for two years and can be renewed for another three years.

• You can apply for permanent residence after fulfilling certain criteria.

Application Process (EntrePass):

1. Register your business in Singapore.

2. Submit an online application for the EntrePass to the Singapore Immigration and Checkpoints Authority (ICA).

3. Attend an interview if required.

Supporting Documents (EntrePass):

• Business registration documents

• Detailed business plan

• Proof of funds

• Educational qualifications

• Proof of business experience

Malaysia

Malaysia is a Southeast Asian nation that is increasingly becoming a hub for startups. The country offers a few visa options for entrepreneurs, including the Malaysia My Second Home (MM2H) program and the Malaysia Startup Visa.

Eligibility (Malaysia Startup Visa):

• You must have a promising startup that is registered in Malaysia.

• Your startup must have received funding from a recognized venture capitalist firm or a Malaysian government agency.

• You must have a minimum shareholding of 30% in the startup.

Benefits (Malaysia Startup Visa):

• The Malaysia Startup Visa is valid for five years and can be renewed for another five years.

• You can bring your spouse and dependent children under the age of 18 to Malaysia.

Application Process (Malaysia Startup Visa):

1. Register your startup in Malaysia.

2. Secure funding from a recognized venture capitalist firm or a Malaysian government agency.

3. Submit an application for the Malaysia Startup Visa to the Malaysian Immigration Department.

Supporting Documents (Malaysia Startup Visa):

• Business registration documents

• Startup funding documents

• Proof of shareholding in the startup

• Educational qualifications

• Proof of business experience

Important things to remember:

• Entrepreneur visa requirements and processes can change, so it is important to consult with the latest information from the relevant government agencies.

• Immigration lawyers can assist you with the application process and ensure that your application is complete and compliant.

Thinking about becoming an entrepreneur in on of these countries? By carefully considering the requirements and procedures, you can increase your chances of success.