How We Help

Evaluation

• Guidance in strategic implementation and evaluation of business decisions, including opportunity identification
• Advising on sector-specific industries and opportunities with deep insights and networks
• Moving to Hong Kong (licences, visa applications, trademark registration, IP and trade regulations, bank accounts, housing, healthcare, schooling and networking, etc)
• Providing tax and business regulations information

Connections

• Connecting you with a wide network (relevant Consulates, Chambers of Commerce, business associations, lawyers, accountants, human resource specialists, consultancies, designers, interior specialists and real estate companies, etc)
• Arranging meetings with service providers, professional associations and government departments

Schemes & Support

• Finding out about government funding schemes available to assist your business
• Tools for continuous expansion
• Supporting in identifying growth opportunities
• Ensuring a sustainable foundation for growth
• Continuing to support across marketing and public relations

Key economic initiatives announced in the 2023 Policy Address include:

Trawl for enterprises, attract and retain talents

• The Government will continue its endeavours to attract enterprises, particularly those pertinent to Hong Kong's development as the "eight centres", including key enterprises and leading representatives in advanced technology, innovation and strategic industries
• Develop a "Headquarters Economy" to attract enterprises from outside Hong Kong to set up headquarters and/or corporate divisions in Hong Kong; attract companies to re-domicile to Hong Kong
• Expatriates, including foreign staff of companies in Hong Kong, can travel to the Mainland on "multiple-entry visas", with priority visa processing; entries of Vietnamese, Laotian and Nepalese talents are relaxed
• The Office for Attracting Strategic Enterprise (OASES) will reach out to no less than 300 strategic enterprises in 2024 to negotiate for establishing their foothold or expanding their operations in Hong Kong
• Attract by 2027 at least 100 I&T enterprises of high potential and representativeness to set up operations or expand their presence in Hong Kong, including at least 20 top‑notch I&T enterprises
• Increase inward investment by attracting at least a total of 1,130 companies to set up or expand their operations in Hong Kong from 2023 to 2025, an increase of 16 percent over the annual average number in 2020 and 2021, thereby bringing in direct investment of at least HK$77 billion and creating at least 15,250 job opportunities

Reinforce Hong Kong advantages and build a diversified economy

• Accelerate growth of the innovation and technology (I&T) ecosystem by setting up the New Industrialisation Development Office to support development of strategic enterprises, facilitate upgrading and transformation of manufacturing sector and assist start-ups
• Establish the Hong Kong Microelectronics Research and Development (R&D) Institute and commission the Microelectronics Centre to facilitate R&D of microelectronics and industry development
• Expedite establishment of a supercomputing centre to foster development of artificial intelligence
• Set up a $10 billion New Industrialisation Acceleration Scheme to provide matching fund for promoting downstream development of new industrialisation
• Reinforce Hong Kong’s status as international financial centre – enhance stock market liquidity, expand offshore Renminbi business, deepen GBA collaboration and venture into green finance
• Publish the Action Plan on Maritime and Port Development Strategy to develop Hong Kong into a leading international maritime centre, promote high value-added maritime services and facilitate GBA maritime collaboration
• Northern Metropolis as the new engine for growth by adopting an "industry-driven" approach; integrating deeply with Shenzhen and other GBA cities; and leveraging market forces to expedite the development
• Promote new energy transport – develop bunkering of green maritime fuel and supply of sustainable aviation fuel, formulate strategy for hydrogen development, and promote green transformation of public land transport

Healthy Hong Kong

• Set up a preparatory office for the Hong Kong Centre for Medical Products Regulation, moving towards the adoption of the "primary evaluation" approach in registration approval of new drugs and medical devices, with a view to accelerating launching of new drugs and promoting industry development
• Establish the GBA International Clinical Trial Institute in the Hetao Co-operation Zone to provide a one-stop clinical trial support platform for medical research institutions to expedite R&D of new drugs
• Promote the development of Chinese medicine (CM), develop a digitalised CM drug information platform, and formulate a Chinese Medicine Development Blueprint

“Northbound” Multiple-Entry Visas

• It was announced in the 2023 Policy Address that foreign staff of Hong Kong-registered companies could make applications in Hong Kong for “northbound” multiple-entry visas to the Mainland for two years or more with priority processing. Among them, Hong Kong permanent residents of non-Chinese nationality may apply for multiple-entry visas to the Mainland with a maximum validity period of five years
• Applicants are only required to complete the visa application form online and visit the Chinese Visa Application Service Center in Wan Chai directly for completion of processing. Their visas are to be collected on the next day at the earliest. By presenting their proof of working in Hong Kong (e.g. staff card) to staff members at the Center, foreign staff of Hong Kong-registered companies can enjoy priority processing
• The “northbound” multiple-entry visa measure covers all persons with Hong Kong resident status working in Hong Kong-registered companies and is not limited to any particular nationality, industry or talent category. In other words, regardless of nationality, anyone who has come to Hong Kong for employment or starting businesses and has become a Hong Kong resident can enjoy the convenience of “northbound” travel with a multiple-entry visa. This measure fully highlights the unique status of Hong Kong