February 21, 2023
Hong Kong expands scheme on exempting eligible visitors from the Employment Visa requirement
Effective February 1, the Hong Kong authorities expanded the Pilot Scheme on Immigration Facilitation for Visitors Participating in Short-term Activities in Designated Sectors (“the Scheme”). With this expansion, qualifying visitors invited or sponsored by authorized host organizations in two new sectors (finance, and development and construction) may undertake specific short-term activities in Hong Kong without obtaining Employment Visas. In addition, approximately 50 more host organizations are now authorized to issue invitation letters to qualifying individuals under the Scheme (e.g., Development Bureau and Hong Kong Exchanges and Clearing Limited and). The Scheme is currently expected to be in place until 2024.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert