Like the US and Canada, Honk Kong has walked on the same footprints and has scrapped its visa policy for investors. Yes, Hong Kong has put investor immigration on hold and this news should not startle you, since Canada and US has done this in the past. However, this time Hong Kong is all set to join the same club.

The country is highly enthusiastic towards scrapping investor’s visas. The nation is interested in only those who are in the dire need of immigration, and can dedicate completely to the growth and development of the country. The main motive of Hong Kong scrapping this programme is to check Chinese stalwarts making a move to the city-state.

This time, it wants that Chinese movement has to be checked, since there are a lot of political issues simmering with China, and if more and more Chinese come to the nation, then it will create disequilibrium for the country.

Increasing movement has also been putting tremendous pressure on the real estate sector and the HK is not willing to repeat any such event, like the Euro Zone crisis. In the past, some 24,481 immigrants have moved to this country, and amassed wealth to the tune of $205.8 billion. However, they moved after considerable period of time and this made the economy to suffer. So, this time the concerned immigration authorities are more cautious, and taking a strong monitoring on such trends.

With the cancellation of the Investor Visa, more scope for movements have been created for skilled migrants who are looking forward to a favorable stay. In case you are not from China, you might have to go for some additional procedures, but nonetheless, it is worth going for all the troubles and hassles to live in an economy that guarantees a better life to its citizens.

If you are looking forward to applying for the immigration, then you must need to know certain basics, for facilitating the movement. There are two categories that can be followed under the immigration programme.

1. General Immigration: If you are going for general immigration, in that case, you must have close connection with China, if you want to avail the HKSAR immigration program. But, if you are not having any connection with China whatsoever, you can apply for some other immigration programme under the immigration laws of the city-state. As Hong Kong has put investor immigration on hold, they would be keen to fill the vacancy that is created on account of scrapping the Investor Visas. So, you always have a fair chance going in tandem with the fortune for you.
2. Second Category: There is some kind of movement that doesn’t require any visas or work permits. In case you are a British national, or you have Hong Kong certificate of entry, you will not need any entry visas or work permits for entering in the nation.