GuShiio.com GuShiio.com learned that Hong Kong accountant Siu Yaohe said that on February 7, 2025, a customer used Ethereum worth HK$30 million as asset proof and submitted an investment immigration application to Invest Hong Kong in Hong Kong. In October 2024, a customer who used Bitcoin as proof of assets was also approved, making it the first case in Hong Kong to use cryptocurrency as an asset to apply for approval for investment immigration. The relevant customers are basically from mainland China.
Xiao Yaohe told GuShiio.com that specifically, applying for investment immigration in Hong Kong needs to first prove that they hold HK$30 million in assets, and then invest HK$30 million in Hong Kong within six months. In the past, stocks were mainly used. It is unclear whether investing in cryptocurrency ETFs or investing directly in cryptocurrencies can meet the conditions. Applicants are first issued a visa for two years, and then need to be renewed 2-2-3 to ensure that they still hold the corresponding investment assets before they can finally be granted permanent status.
Some commentators also pointed out that in Singapore, cryptocurrency has always been used as proof of assets, but the difficulty is that customers cannot provide proof of initial investment funds in cryptocurrency.
Xiao Yaohe told GuShiio.com that after the first application, Invest Hong Kong said that it was also the first time it received an application using cryptocurrency as asset proof, and then approved it after a month of internal discussions. In addition to the two successful customers mentioned above, there are also two customers who use cryptocurrency as proof of assets in the process of applying. Customers ‘crypto assets need to be placed on mainstream exchanges such as Cold Wallet or Binance.
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