Investor Passport

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  1. #1

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    Feb 2005
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    Investor Passport

    Dear All,

    Good Day.

    Can You Tell Me About Getting A H.k Passport By Investment?.

    Regards/rasel


  2. #2

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    Nov 2005
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    I think that the minimum investment is HK$6,000,000.00 (not confirmed). This investment passport plan has not been touted recently and the reason is that it is not in great demand. The idea is to attract the rich people is mainland China to come and to help local real estate developers. Singapore came up with this idea earlier and it only wanted HK$3-4 million (not confirmed). Dollar for dollar I think that Singapore offered a better deal, better air quality, better living environment, lower crime rate, better English communications by ordinary people and a more efficient government. HK$6 million is a lot of money and you could get better return somewhere else. Think twice before you make your move unless 6 million bucks is a dime to you.


  3. #3

  4. #4

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    Jul 2004
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    Err.. wrong question.... wrong answer...
    >> HK passport for Investment
    HK doesnt give "passport" for investment visa.. You just get resident visa and ID card..

    >>The idea is to attract the rich people is mainland China to come and to help local real estate developers

    Mainlenders are excluded from Investment visa scheme..


  5. #5

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    Oct 2005
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    Quote Originally Posted by sigp226
    Singapore came up with this idea earlier and it only wanted HK$3-4 million (not confirmed). Dollar for dollar I think that Singapore offered a better deal, better air quality, better living environment, lower crime rate, better English communications by ordinary people and a more efficient government. HK$6 million is a lot of money and you could get better return somewhere else. Think twice before you make your move unless 6 million bucks is a dime to you.
    yeah but you get arrested for spitting on the side walk, chewing gum and the list goes on. I'd never live there in a million years. Next thing you know, I need a permit to wipe my ass.

    Just read the latest news of a kid being put to DEATH for smuggling 100gr of drugs!

  6. #6

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    Nov 2005
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    Quote Originally Posted by tvrlover
    yeah but you get arrested for spitting on the side walk, chewing gum and the list goes on. I'd never live there in a million years. Next thing you know, I need a permit to wipe my ass.

    Just read the latest news of a kid being put to DEATH for smuggling 100gr of drugs!
    So you mean a country where tolerance for drug smuggling and spitting on the side walk is a good country to live in ?

    If you don't want to be arrested, do involve with drugs and spitting on the road then. Singapore is a lovely country and a better place to live in, even more powerful than HK in lot of ways e.g. economic and technologies.

  7. #7

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    Quote Originally Posted by EUChinese
    So you mean a country where tolerance for drug smuggling and spitting on the side walk is a good country to live in ?

    If you don't want to be arrested, do involve with drugs and spitting on the road then. Singapore is a lovely country and a better place to live in, even more powerful than HK in lot of ways e.g. economic and technologies.
    It's not tolerance , it's the idiotic government there. It's a well known fact that the kids that get caught are pawns, they are used as a diversion while the guys with the big packages go thru. Look, if singapore was so success with its DEATH policy for drug smuggling then why in the world would it have a GROWING drug problem rather than decreasing? that's because the country is based on fear and punishment to keep the so called "peace".


    If you think for 1 second that spitting on the sidewalk or chewing gum is something you can ARREST people for, why don't you just go to North Korea? they'll teach you a thing or too about "rules". Singapore is no different from a communist nation, they just cloak their regime with "democratic" ideals. If you think living in a country where the government FORCES people to give up 40%! of their NET income to the government is o.k., well then what are you doing in HK? Singapore is the place to be lol. Whiile you're there don't forget to say hi to myanmar and north korea.

    Here are some Singapore facts:

    1. Singapore’s economic growth miracle of the 1960s-90s came mostly from added inputs, not from growth in productivity.
    Hong Kong Singapore
    Average growth p.a., 1960-85 6% 6%
    Worker productivity increase, 1970-90 150% 100%
    Savings rate 1970-90 20% 40%
    Change in output per unit of capital, 1970-90 0% -50% source

    In other words, Singapore had to invest twice as much as HK to produce the same level of output. To compensate for the poor productivity and diminishing returns of investments directed by the state, its people had to save twice as much as Hongkongers, and consume less. Pathetic.

    2. The Singaporean people do not really have the fundamental right to make their own investments. The Singapore government forces people to hand over up to 40% of their net income, and it invests most of it as it sees fit. The government “allows” people to individually direct only a small part of these forced savings (mainly into non-voting shares in state-owned enterprises). The government tells Singaporeans how lucky they are to be “allowed” to choose to use their savings for education, home purchase, medical coverage, etc – as if the money weren’t theirs in the first place. Pathetic.

    3. This is therefore a planned economy, in which civil servants attempt to pick winners. As well as (mis)managing its people’s savings, Singapore’s government also arranges subsidies to encourage favoured industries. Needless to say, these subsidies are at the expense of other industries. For example, the rest of the economy has subsidized forex traders and fund managers (the last people who need a subsidy) in order to push Singapore higher up the list of international forex trading and fund management centers. The government sells this to its people as a “success”. Meanwhile, the government is ordering its state-owned business to expand beyond the little city state. In their desperation to become regional players, they are paying over the odds for assets of doubtful quality. Pathetic.

    4. One big mistake made by the controllers of the Singaporean economy was to maintain a large manufacturing sector long after factories would otherwise have been moved to lower-cost sites (as they did in Hong Kong in the 1980s-90s). They have put their people’s wealth into direct investment into local manufacturers, or into tax breaks and other subsidies for inward manufacturing investment. It is therefore left with a large and increasingly unviable manufacturing base in such loser industries as semiconductors. Pathetic.

    5. Faced with such mismanagement, most people would complain. Not Singaporeans. Their government effectively controls the media and runs a highly effective PR campaign aimed at convincing the people the government is wonderful. Many sincerely believe it. Those who don’t fall for it keep quiet, or wish they had. The few people who dare to speak out suffer reduced career prospects or even spurious legal action. Unlike Hongkongers, Singaporeans have no right, in practice, to walk down the street handing out anti-government leaflets and shouting anti-government slogans. It is a crime to speak in public without a permit. Pathetic.

    6. Democracy is impossible without free speech. Singapore is therefore no more a democracy than Hong Kong (where the government is appointed by Beijing). However, Hong Kong at least allows an opposition to exist openly, and to present its views in independent media, without fear of persecution or harassment. In Singapore, opposition politicians who ask awkward questions can be (and have been) sued for libel by ruling politicians and convicted (and bankrupted) by a judiciary that mysteriously consistently sides with the government. Neighbourhoods that vote in low numbers for the ruling party receive lower government funding for public facilities in retaliation for their lack of gratitude – in flagrant violation of the basic democratic principle that the government is accountable to all its people, not just its voters. Pathetic.

    7. Singapore’s ‘father figure” is Lee Kuan Yew. One of his interests is eugenics. He believes that a more-intelligent population can be achieved through selective breeding, and at one stage Singapore encouraged people with high educational levels to marry each other, and it offered financial incentives for them to have children. (After hearing his ideas during a state visit, Britain’s Princess Anne said, “Well, Mr Lee, it doesn’t work with horses.”) Social engineering continues today, with the government, which used to go to great lengths to encourage people to have fewer babies, begging them to have more “if they can afford it”. This means “unless you’re Malay”. Singapore’s schools systematically leave Malays disadvantaged and stuck in low-paying jobs. They have also tried to attract more (Chinese) immigrants from Hong Kong. Don’t all rush. Pathetic.

    8. Singapore is famous for not being corrupt. It is true that if you are Lee Kuan Yew’s eldest son you can become brigadier general after just five years in the army, and six months later you can become a member of parliament, and soon after that you can become deputy prime minister. And then become the PM!!! And if you are the eldest son’s wife, you can be put in charge of the state holding company (it holds key interests in 40% of the stock market by market cap). And if you’re Lee’s number-two son, you can run the main Telecoms company. But that’s not corruption, or nepotism. That’s “meritocracy”. (No, that's pathetic.)

    LONG LIVE FREEDOM!
    Last edited by tvrlover; 01-12-2005 at 08:48 AM.

  8. #8

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    Get a paper marriage

    If you really want to pay your way to get an ID card in HK, don't bother with the HKD6.5million dollar scheme (unless you are that loaded). I recently saw on the news that you can get a paper marriage with a local for as little as HKD20K! The best part of that news story was that they said it wasn't technically illegal.


  9. #9

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    Nov 2005
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    Quote Originally Posted by tvrlover
    yeah but you get arrested for spitting on the side walk, chewing gum and the list goes on. I'd never live there in a million years. Next thing you know, I need a permit to wipe my ass.

    Just read the latest news of a kid being put to DEATH for smuggling 100gr of drugs!
    What? You mean you do spitting? You think that spitting is such a "tradition" and that it should be promoted or elevated and it should not be stopped? You didn't know that spitting helps spreading bacterias or virus? You didn't know that you pay $1500 if you get caught spitting?
    What? You think it is OK to smuggle drugs? Or you do that? The kid knew of the consequence and decided to went ahead. He chose the risk. It is not that he didn't know of the serious consequence in advance.
    By the way, you must be on the payroll of HK government, and your only job duty must be to bash Singapore. Ordianary people could not have come up with all these faulty arguments and statistical figuers instantly unless research was done previously. Spending hours to write this? Don't you get busy on your job? That's another clue that you must be an government employee because government employee got nothing to do.

  10. #10

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    Quote Originally Posted by sigp226
    Spending hours to write this? Don't you get busy on your job? That's another clue that you must be an government employee because government employee got nothing to do.
    It was a copy-paste. He should give Hemlock some credit

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