Hong Kong is actively attracting global talents to migrate to Hong Kong through the Top Talent Pass Scheme (“TTPS”). This program allows individuals with exceptional academic credentials or high income individuals to expatriate in Hong Kong without the need for a pre-existing job offer. Since its inception in December 2022, the government has greenlit more than 70,000 applications through this scheme. While the program has gained significant popularity, its continued operation after December 2024 is not guaranteed and might be discontinued in 2025 .
This article will explore the eligibility criteria of the Top Talent Pass Scheme, the benefits, the visa renewal process, and application process of the TTPS.
Am I Eligible to Apply for Hong Kong talent pass scheme?
Unlike conventional immigration programs, Hong Kong talent pass scheme does not impose high investment thresholds nor require one to secure a job offer in Hong Kong to apply for a work visa in Hong Kong. Instead, individuals simply need to provide documentation confirming that they fall into one of the following categories to qualify for a visa under TTPS:
- Category A: Those earning an annual salary equivalent to HKD 2.5 million (Approx: USD 320,000) or above in the year immediately preceding the application;
- Category B: Degree graduates from eligible universities who possess at least three years of work experience over the past five years; or
- Category C: Degree graduates from eligible universities who possess less than three years of work experience over the past five years (Note that this category is subject to an annual quota of 10,000).
Applicants meeting one of these criteria and holding no security or criminal threats to Hong Kong are likely to secure a two-year visa, thereby obtaining the freedom to pursue employment opportunities or entrepreneurial endeavors in the region.
Hong Kong Top Talent Pass Scheme benefits
The TTPS program brings a host of benefits to those looking to work in Hong Kong:
- Freedom to Flourish: TTPS offers the freedom to pursue professional endeavors without the constraints of a pre-arranged job offer, providing a platform for personal and career growth in Hong Kong.
- Inclusive Family Policies: TTPS extends its welcome to spouses and dependent children under 18 of successful applicants, fostering a supportive environment for families to thrive.
- Fast processing: TTPS applications are typically processed within 2-4 months, enabling quick access to the vibrant opportunities the city offers.
Hong Kong Top Talent Pass Scheme application, What You Should Know
Transitioning into the Hong Kong Top Talent Pass Scheme application process requires a keen understanding of the distinct requirements across its designated categories.
When considering Category A, applicants must factor in that required annual income includes taxable employment or business earnings such as salary, allowances, stock options, and profits derived from self-owned enterprises. It’s also crucial to note that personal investment returns hold no weight in this evaluation.
As for Categories B and C, applicants need to be aware that degrees obtained through online or distance learning programs, evening classes, self-taught methods, or part-time studies are not acceptable for the TTPS application process. This distinction underscores the importance of understanding the specific eligibility criteria before applying for TTPS.
Top Talent Pass Scheme statistics
Recent data indicates that the Hong Kong Immigration Department has received 64,820 TTPS applications since the program’s launch on December 28, 2022, with 50,612 applications successfully approved. (Source)
Approximately one-third of TTPS arrivals work in the finance sector, while roughly 18% are involved in innovation and information technology. Moreover, around a quarter of TTPS visa holders earn over $100,000 per month, with approximately 10% earning more than $200,000 monthly, highlighting the program’s appeal to high-earning professionals across various industries.
Hong Kong Visa Renewal and Permanent Residency Transition Process
Individuals who have successfully obtained an Hong Kong employment visa through the TTPS have the opportunity to apply for visa renewal if specific criteria are met. Typically, this involves securing an employment offer at a level commonly held by degree holders or individuals with strong professional qualifications, with a remuneration package aligning with market standards. Alternatively, applicants can opt to establish a business in Hong Kong and furnish evidence of their entrepreneurial endeavors.
For TTPS candidates, the path towards permanent residency in Hong Kong opens after residing continuously in the city for a period of seven years. HK Permanent residency status grants individuals freedom from conditional immigration status, enabling them to access social benefits in Hong Kong without restrictions. This transition signifies a significant milestone for individuals looking to establish long-term roots in the vibrant city of Hong Kong.
Hong Kong Top Talent Pass Scheme Application Process
Preparing a TTPS application involves meticulously gathering essential documents, completing various forms, and submitting the comprehensive package online. The typical processing time for TTPS applications is 2 to 4 months, but if the Hong Kong immigration department requests more information, additional time may be required to reach a final decision.
Engaging an immigration lawyer familiar with Hong Kong’s immigration procedures can significantly streamline the application process. With expert legal guidance, applicants can navigate the paperwork more effectively, increasing their chances of a successful TTPS application and ensuring a smoother transition to Hong Kong.
Future of the Hong Kong Global Talent Visa TTPS
As we said in the beginning of this article, while the TTPS was originally launched for a two-year term following its inception in December 2022, there has been a lack of official statements indicating its potential closure. With its popularity, it’s possible that the program may continue to operate beyond December 2024.
Nonetheless, if you are considering applying for a TTPS, seizing this opportunity promptly is recommended to make the most of the ongoing enthusiasm and support for this Global Talents Visa program.
Should you wish to learn more about TTPS or other immigration options in Hong Kong, please contact your local office here for more details. Our lawyers would be delighted to conduct a free preliminary assessment and consider if you are eligible to apply for the Top Talent Pass Scheme.
Founded in 1992, Harvey Law Group (HLG) is a leading multinational law firm with offices across Asia, North America, Europe, Africa, and the Middle East to cater to your specific needs for immigration and beyond.
