Hong Kong extends multi-entry mainland China visa for non-permanent residents to 5 years
City leader rolls out new measure aimed at boosting city’s appeal to foreign investors and reinforcing its international trading hub status
Non-permanent Hong Kong residents holding a foreign passport can visit mainland China for a longer period of five years with a multiple-entry visa starting on Wednesday, a new measure announced by the city’s leader to attract more foreigners to set up businesses and reinforce its status as an international trading hub.
Chief Executive John Lee Ka-chiu also said on Wednesday that Hong Kong would offer more tax concessions to attract maritime services businesses and commodity traders. The plans were delivered in his policy address as part of efforts to boost the city’s shipping strength.
“The development of international financial, shipping and trading centres is closely intertwined,” Lee said. “Besides expanding and strengthening our existing businesses, we will also explore new growth areas.”
Starting from Wednesday, the validity period of a multiple-entry visa for the city’s non-permanent residents with foreign passports to travel to the mainland will be extended to a maximum of five years from the current two years.
Those working for companies registered in Hong Kong will also enjoy priority in application processing.
“The new measure is to facilitate travel for those residents to the mainland and also help attract more foreigners to establish businesses in Hong Kong,” a government source said.
