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Is It Singapore or Hong Kong? We Are Talking About Immigration!

With significant influx of immigrants being noticed over the recent years to Asian countries, the question pops up in our mind, or more appropriately in the mind of prospective immigrants that ‘Which is the best Asian immigration destination?’ Have you been able to decide on this question yet? Well, it is not something that can be decided with little time in hand, considering the fact that we have so many options to consider. To cut a lengthy process of choosing your Asian immigration destination into short, why do not cut down your choices to only two destinations!

Well, when it comes to the best of all Asian destinations, two destinations automatically comes to the mind- Singapore and Hong Kong. They are the prominent economic hubs in Asia, thanks to their geographically favored locations. The city states have been the attractions of the continent for a long time. Boasting strong historical and economic backgrounds, Singapore and Hong Kong are two of the best Asian cities in their own rights.

The strategically developed cities have been attracting people, not only from its neighboring countries, but also from the far west. There are obvious reasons for the influx that the cities are experiencing in the recent time. It’s only seasonal tourists, Singapore and Hong Kong are being considered as popular immigration destinations for entrepreneurs, business people and professionals. Before you make either of the two as you’re your immigration destination, just let us make you familiar with a few facets.

Just an overview

Having been parts of the British colonization, Singapore and Hong Kong evolved as Asian commercial centers in the nineteenth century. They served the British as free ports, only to become two prospering economies in today’s context. Continuing the legacy of British colonization until it hit the 1970s, the city states’ economies were only trade and export based. It was with the arrival of the 70s, Singapore and Hong Kong walked into service-based industry, with the sectors like finance, communications, transport and tourism. It did not take long for the cities to evolve as diversified economies.

A more common thing between Singapore and Hong Kong is that both are strategically located, making them the ideal harbor ports for trade and export. No wonder, why both economies are getting affluent contributions from foreign trade. They are some of the economies in the world whose foreign trade outdoes their Gross Domestic Product.

Economy

Singapore and Hong Kong are unarguably similar in many things- the only aspect that makes them different is the economy. These city states are committed to certain doctrines when it comes to the economic policies they boast. Even though, both the economies are export-and-trade-led, they vary in their economic performances. So, how do they differ? At the first place, despite having export-based economies, Singapore and Hong Kong adhere to different set of policies. While the government in Singapore has to play an important role in its economy, it is still committed to free trade policy. Ever since its separation from Malaysia in the year 1965, the city has relied on export-oriented industrialization, electronics and manufacturing being some of the niche sectors.

On the other hand, Hong Kong’s free trade doctrine is free from the government’s intervention. Yes, the city state’s economic system is based on the policy of ‘positive non-interventionism’. The government is fine with the large role of private sector over its economy.

Even though both Singapore and Hong Kong comply to free trade policy, the scenario in latter is more practical. There are virtually no differences made between foreign and Hong Kong’s local firms, expect some sensitive areas. The Special Administrative Region of the People’s Republic of China is known for its flexible wage structure and simplest tax structure. Reportedly, Hong Kong boasts the lowest tax rates when it comes industrial economies in the world. Having been a Special Administrative Region, the city state has independent set of legislative regulations and self regulating labor market, which are different from China.

The bottom-line is that despite having economies based on export and free-trade policy, Singapore and Hong Kong differ in certain aspects. Besides, similarities lie in various facets, including a slow pace of population growth; and then being the economies whose overall foreign trade surpasses their Gross Domestic Income, as well as drastic rise in standards of living.

Work cultures influenced by the economic policies

Different economic systems, different work cultures! That’s what we see when we compare Singapore and Hong Kong. With decades-long predominance of the government and multi national corporations, Singapore is home to more conservative and watchful investors, while Hong Kong has always housed a highly entrepreneurial culture. But, in introspection, both city states are looking for a cultural shift in their labor markets. Singapore soon may see privatization of its government firms. We will surely not be surprised if we see the Singaporean economy taking the shape of its neighboring economy (Hong Kong).

Talking about the Hong Kong’s labor market culture, we have already mentioned that private sector has been leading the way in its economy. While we may say Singapore is inspired by Hong Kong’s economic system, the latter is aspired to bring a twist into their non-interventionism policy that existed for decades. The SAR in China has some plans to allow the government to play its role, owing to the consequences the city state has been facing being an entrepreneurial capitalist economy, as well as due to some political issues!

Making a choice between Singapore and Hong Kong

Both Singapore and Hong Kong have emerged as world-class immigration destinations, and if we are to put them to comparison, anyone would undoubtedly get confused. Comparing these two cities is a difficult task, since both have a reputation of being excellent in their own rights. They are some of the favored Asian immigration destinations, for obvious reasons. Be it culturally or technologically, they are top-notch. With diverse culture and business-friendly environment, they have been attracting people from across the world, who were given the opportunity to venture into their flourishing economies.

People from Asia and Western countries alike are flocking to Singapore and Hong Kong, for these city states offer excellent employment opportunities and world-class standards of living. The dense population in both the places is a result of the growing number of immigrants who are making Singapore and Hong Kong their permanent or temporary home.

Our advice to people who are interested in immigrating to an Asian destination is to do your homework which is of comparing Singapore and Hong Kong. Both may have certain pros and cons- the choice should entirely be yours as to where you want to immigrate. No matter whichever destination you decide on, we are always there to assist you! For any assistance, contact us at ajay@abhinav.com!

Hong Kong Immigration Information!

A wonderful immigration destination to immigrate, Hong Kong is the next gem for prospective immigration destinations! Wonderful employment opportunities, hub of talent, ocean full of jobs and a gamut of wonderful career options, Hong Kong can be the place of your dreams if you are intending to make your future!!!

True that countries like US, UK, Australia and Canada have their own benefits attached with them, but Hong Kong has its own USP (s) which makes it a unique nation in itself. Before making your mind to immigrate to Hong Kong, here are a few basics to understand:

  • ENTRY RESTRICTIONS

It is mandatory for all the visitors to show proof of ample funds to support themselves while they are in the nation.

  • PASSPORTS and VALIDITY

The validity of the Passport should be there for a minimum of six months after the period of intended visit required by all

  • VISAS

It is essential to have visas (barring few exceptions). To know about your case, it is advised to go for an assessment of your profile. Consult ajay@abhinav.com

Being linked to the international trade market of China, there could not be a better place to try your entrepreneur skills than a country like Hong Kong. Ranging from small term business to investments to high profile entrepreneur investments, the place has it all!

Hong Kong Quality Migrant Admission Scheme: Having decked with one of the most promising economies, Hong Kong has been luring immigrants from all over the world. Hong Kong Quality Migrant Admission Scheme is crafted to facilitate highly skilled individuals so that they can make it big in their lives. Know more about it at http://www.abhinav.com/hong-kong.htm

Hong Kong- The Asian Immigration Destination!

Immigration to Asian countries has been a rage among world immigrants. This is because, the economies are blooming and thus there is scope for exploring the markets. Asian economies like Hong Kong offer endless opportunities to entrepreneurs and skilled workers to pursue their career interests in different fields. Going by this reality, this is no surprise that Hong Kong is considered as one of the major destinations for tourists and entrepreneurs in the world.

Hong Kong has a well-defined immigration system. Being a Special Administrative Region of the Peoples’ Republic of China, HK has its own legislation. The immigration department of the region is entitled to control the inflow and outflow of people to and from the region respectively, as well as the documentation of inhabitants, which also includes application processing concerning the Chinese Nationality Law and issuance of travel documents, as well as other identity documents.

As far as immigration policy of Hong Kong is concerned, the city boasts a liberal immigration policy. It allows visa-free visits to the nationals of nearly one hundred and seventy nations and territories. The visa-free visits are permitted up to a period from 180 days.

Apart from pleasure visits, Hong Kong is welcoming professionals and businessmen, who wish to pursue their careers and contribute to Hong Kong economy. The city facilitates the entry of eligible visitors and prevents those who are not desirable. Hong Kong expects every visitor to have sufficient funds to support themselves. For further information on Hong Kong immigration, you can always seek the help of professionals. An Immigration and Visa Consultant would guide you through the process of immigration!

Hong Kong – A Great Destination to Immigrate

The Republic of Hong Kong is one of the main industrial economies in Asia today. Being one of the global financial hubs in the world, it is one of the most promising and an upcoming country for those seeking better incomes and lifestyle. Hong Kong is a territory of the People’s Republic of China which makes it the perfect destination to experience an amalgamation of different cultures in the same region. With this, the country is also a brilliant tourist destination. As a developed nation, the region offers all the major amenities and much more. So, here is a chance for you get the most of it…combine work with pleasure and reap the best fruits out!

The Hong Kong government is always on the look out for talented and efficient immigrants who would contribute to the development of the country. The mode of immigration to Hong Kong involves applying for the Hong Kong Talent Scheme which is the visa for all the people who wish to live and work in Hong Kong. In order to qualify for this scheme, you must be a highly talented skilled migrant who could help build the nation further. Apart from this, your age, educational qualifications, language skills, character requirements and your financial status would be considered. You would score points for the above via the Point Based System.

If you clear the above, you would have to comply with the application procedure that includes the assessment of the application, followed by an “Approval – In – Principle” where in the applicant would have to come to Hong Kong on a temporary visa for a final interview. If found eligible by the immigration officer, the candidate would be granted a visa based on which he can bring his spouse and other dependents (however, he has to apply in advance for the dependent visas). Also, only a few candidates are selected from an entire pool of applicants which is usually known as the “Visa Pool”.

If you are into high end marketing, exports and financial trading, merchandizing and so on, Hong Kong is the place for you to immigrate. You can consult an Immigration and Visa Specialist dealing with this visa since he would be the one aware of the all the latest in this sector. This is because the government of Hong Kong is very particular on the immigrants it selects. So, if you apply, you should not miss out on the golden opportunity. Hence, get in touch with a specialist today!


Important Considerations Regarding Hong Kong Immigration!

Post issuance of an entry visa to the applicant and his dependents, it would be affixed on a valid travel document of the applicant.

You should submit the following documents after recieving the Approval – In – Principle letter:

  • A certificate proving that the applicant does not have a criminal record.
  • If an applicant is a resident of the Mainland of China (also those currently staying in Hong Kong or Macau temporarily) have to submit a letter of consent from his current working unit or the relevant Mainland authorities.
  • A copy of this letter must be sent along with the Approval – In – Principle letter.

On the other hand, if an applicant has resided in Hong Kong previously, he could only apply under the condition that his application would still be treated as a fresh one.

All applicants are permitted to bring along their spouse and dependent children. However, the dependent children must be below the age of 18 years and unmarried. Also, the main applicant would be the sponsor for all his dependents. Thus, he should prove himself to be financially viable to support self and dependents. He must also submit the dependent visa application for his accompanying family members.

In addition, the visa is issued for a specific period of time. Post this period, either an extension could be applied for or the applicant has to return back to his home country. Incase of applying for an extension, it must be done one month in prior to the visa expiry.

If the applicant has been staying in Hong Kong as an ordinary resident for a minimum of 7 years, he would be permitted to apply for the right to abode in Hong Kong with respect to the laws.

However, if an applicant has resided in the country for a year and seeks an extension, he must prove that he has settled in the country and has acquired a job or has started a business in Hong Kong.

Above all, it has to be remembered that it is the minor errors that lead to a denial. Thus, it is best to seek the advice of an expert who is updated with all the latest regarding the above.

You can refer to our next post if you still have doubts!

Application Process for Hong Kong Talent Scheme

The application process starts from filling and filing an application. An applicant must ensure that he qualifies the eligibility criteria before actually applying for the same. To ensure this, contact an Immigration and Visa Firm where you can avail the services of a free prior assessment. This would help you judge your chances in a better way.

No fee is charged while submitting the application form. However, during the issuance of the visa, an amount of HK$160 has to be paid.

The application process is as follows:

  • Eligibility Criteria
  • Points Based Test
  • Assessment
  • Approval – In – Principle
  • Visa Issuance

Refer to the previous article for the first two steps.

The assessment involves the process of selecting the appropriate candidates on the basis of the quota. All applicants would be ranked according to their score in the Point Based Test. Those scoring amongst the highest would be processed further. Before taking a final decision, the Director of Immigration might seek the opinion of his Advisory Council that comprises of the official and the non – official members. The Chief Executive of the HKSAR appoints them.

While taking a decision, the following aspects are considered with respect to the candidate:

  • The Socio – Economic Needs of Hong Kong
  • The Sectoral Mix of candidates with other factors

Based on the above, it is decided by the Director regarding the quotas allotted to the candidates. The results of the selected are published on the Government website.

However, it is not necessary that all the high scoring applicants would get the same quota. Also, an application would be termed as rejected only if the applicant has received a formal notification from the Immigration Department.

After the allotment of the quota to the successful applicants, a letter of Approval – In – Principle is issued. These applicants have to go to Hong Kong to attend an interview. They must also submit all their original documents, copies of which had been submitted with the application form. Here, the dependents are not required to come for the interview.

However, they would be permitted to enter Hong Kong only as a visitor and the Approval – In – Principle does not guarantee a visa under this program.

Post submission, if all the documents are found to be satisfactory during the verification and the completion of all the other relevant formalities, an entry visa would be issued to the applicant.

Stay tuned for the next article on the important aspects to be considered!