Hong Kong's economic downturn has broken historical records, and the outflow of Hong Kong's population has reached its highest level in seven years.

Canada has always been a favored immigration destination for Hong Kong people, especially the wealthy class. Due to historical and contextual factors, the ties between Canada and Hong Kong are deep-rooted, and many Hong Kong residents even regard Canada as their second hometown.

In 2021, the number of Hong Kong residents obtaining Canadian PR surged by 50%; while the number of Hong Kong residents obtaining Canadian work permits skyrocketed by 11 times.

With Hong Kong people moving out of Hong Kong, do we still need to immigrate to Hong Kong? Some see anxiety, while others see opportunity; it’s all a matter of perspective...

You might think of Hong Kong as high housing prices, crowded living conditions, and a competitive and indifferent society... In fact, for those keen on immigrating to Hong Kong and planning for Hong Kong identity, they value these advantages more:

1.Educational advantages: Overseas Chinese students can enter higher education institutions in mainland China with low scores, or directly attend excellent local universities in Hong Kong and pursue studies at overseas universities;

2.Tax advantages: Hong Kong's tax system is simple, and the tax rates are relatively low, with no inheritance tax, business tax, or value-added tax, which is very beneficial for global asset allocation and tax planning;

3.Travel advantages: The Hong Kong SAR passport allows visa-free entry, visa-on-arrival, and electronic visas to nearly 170 countries and regions worldwide, making travel very convenient;

4.Employment advantages: Hong Kong is an international financial center, offering more job opportunities and more attractive salaries. Additionally, developing in the mainland with a Hong Kong identity allows one to enjoy special benefits such as personal income tax reductions and entrepreneurial subsidies in the Guangdong-Hong Kong-Macao Greater Bay Area.

Are there many mainland people immigrating to Hong Kong now?Of course there are!

According to the visa approval data released by the Hong Kong Immigration Department in 2021, the number of mainland applicants for the Quality Migrant Admission Scheme surged to 1,860, and the number of applicants for the Hong Kong Talent Scheme also significantly increased to 9,065.

It can be seen that mainland people are still keen on obtaining Hong Kong identity, and those who were optimistic about Hong Kong in the past still hold that optimism!