Hong Kong Business Visas extended to 3 years

The Hong Kong Business Visas have been extended to 3 years from 1 year from January this year. The extension of the term for Shangwu endorsement was announced by the Guangdong government. These Visas are now upgraded to 3-year multi-entries from 1-year multi-entries.

The extension comes even as it was discovered that many online vendors were selling business Visas. These would offer recurrent access for mainland visitors to SARs. It was revealed by the Macau Daily Times.

The government has also proposed that the Hong Kong Business Visas be offered to:

• Technology and Science personnel from Universities
• Research and Scientific institutions
• Enterprises applying for the Visas

The initiative aims to encourage Macau and Hong Kong Scientific Research institutions and Universities. This is for undertaking provisional Technology and Science projects.

The existing Shangwu endorsement is offered to business operators. The government will also decrease the least tax limit requirement for them. This is if they intend to apply for the Hong Kong Business Visas.

The Greater Bay Area’s Outline Development Plan also includes other suitable arrangements for the endorsement. This is for Pearl River Delta cities’ residents who carry out scientific research or business.

The Times has also asked queries to the Macao Trade and Investment Promotion Institute and Public Security Police Force. This is regarding the residents in mainland who have arrived at Macau through these Visas purchased from Taobao. These authorities are yet to offer their official responses. It is also unknown if the authorities knew that the Hong Kong Business Visas are being sold on the platform for online shopping.

The Macau Daily Times has also requested details from Immigration Agency of the PSP. This is on the figures of residents from the mainland who arrived at Macau through Shangwu endorsement. It has also asked if the authorities have found cases wherein the visitors are not engaged in business activities.

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