Looking to get a foreign residency?
Let’s face it, there are lots of different pull factors each country can offer that makes residency look attractive.
That’s not to mention the escalating political situation in the country following plans to allow extradition to mainland China which is causing many residents of Hong Kong to seek residency elsewhere.
On the other hand, the stability offered by countries in the EU, coupled with strong business, quality of life, and security make it a popular location with non-EEA nationals.
The decision on residency is no doubt a difficult one, with plenty of arguments to obtain residency for many countries!
That’s why we’ve created this article for you to help you decide!
What’s the best country to obtain residency if you’re from Hong Kong?
The program for residency through an investment that exists in Portugal is one of Europe’s most popular.
As well as this, the Spanish program which allows residency through a real estate investment of over €500,000 will provide you with residency in one of Europe’s most picturesque countries.
Programmes are also offered in Canada, New Zealand, and Australia, but the residency requirements are much stricter here.
IDLF strongly recommends the Irish Immigrant Investor Programme (IIP) for citizens of Hong Kong looking to obtain residency by investment!
You may be asking – why is Ireland the best country for Hong Kong citizens to obtain residency by investment? Keep reading if you want to find out why Ireland is the best choice!
The Irish economy
Ireland currently holds the 4th highest GDP per capita in the world!
As well as this, it is a global hub for IT, health sciences and financial services, and very good for employment. You can learn more about the key factors of the Irish economy on our website.
The Irish tax system
The Irish tax system benefits are a major lure for those looking for residency. That’s down to one reason in particular - because there is no tax on worldwide income for nonresidents.
As well as this, the relatively low corporate tax rate of 12.5% makes it an excellent place to do business.
Languages in Ireland
However, a lot of Hong Kong nationals speak English, meaning they won’t have to pick up a new language – a major pull factor.
There’s no language exam for the IIP either.
Quality of life
Ireland’s lifestyle quality, healthcare, and education all rank at the top of ratings for countries in the world.
Ireland even ranks above the UK and US on the UN’s standard of living!
The natives are also famous around the globe for how friendly and hospitable they are.
The residency requirement for Ireland is only 1 day per year!
The standard of education in Ireland is also one of the best in the world.
Almost half of all adults hold a third-level degree.
Also, within the EU, it holds one of the highest third-level graduate percentages.
Have more questions about the IIP scheme?
Confused about any part of the process of IIP?
Don’t worry! The IDLF team is here to help you! Feel free to contact our team at any time!