Do's And Donts Of Creating The Business Plan For Hong Kong Investor Visa
Those foreign business owners who want to relocate to Hong Kong after setting up
a company in the city must fulfill all eligibility criteria as set by the investor visa scheme. While there are a number of criteria that overseas entrepreneurs need to meet, one of the important requirements is that of submitting a detailed business plan in the prescribed format. This business plan is what will allow the concerned authorities to learn more about your proposed activities in Hong Kong and whether it will help the city's economy or create jobs for locals. Care should be taken while creating the business plan and some of the general dos and donts you need to follow are as follows:
Dos
1) Do try to research on other business plans used to enter the Hong Kong market and check how they were written. You probably would need to utilize the services of a professional consultant in Hong Kong to check the prescribed format and write accordingly.
2) Do elaborate about how your company would help Hong Kongs economy and create jobs for local residents. Those two points are the most important aspects of the business plan and authorities in Hong Kong would scrutinize your business plan to precisely check on job creation and contribution to the economy.
3) Do try to create a business plan that is truly entrepreneurial in nature. Innovative companies get favorable response by the authorities. Business plans that they feel are already in existence and have reached saturation point would not be entertained.
4) If you have acquired funding for your company, do provide details as that will help your chances as well. It is obvious that more the investment in Hong Kong, the better your prospects of acquiring the investor visa.
Donts
1) Do not exaggerate while writing the business plan under any circumstances. While you would want to show your proposed business in good light, any exaggeration and the authorities would immediately reject your plan. Those studying your business plan in Hong Kong are well capable of understanding your business potential and would be able to understand if you are trying to show an untrue image to them.
2) Do not go on and on in your business plan. It should be crisp and to the point. Typically business plans are about 10 pages for visa applications and it should be able to capture the attention of the authorities immediately.
3) Do not make grammatical errors or language errors in your business plan. It should either be in perfect English or perfect Chinese. It cannot be a mixture of the two or be in a language other than English or Chinese.