Core Viewpoint - The article discusses the new Hong Kong investment immigration policy that allows high-net-worth individuals to obtain residency by investing in virtual assets, highlighting the importance of stable identity and regulatory environments for cryptocurrency investors [2][12][19]. Group 1: Investment Immigration Policy - Hong Kong's New Capital Investment Entrant Scheme (New CIES) will be implemented in 2024, targeting high-net-worth individuals willing to invest 30 million HKD to obtain residency [2][4]. - The policy has relaxed requirements, with no age limit, educational qualifications, or language proficiency needed, only requiring a significant investment [2][3]. - The investment can include virtual assets like Bitcoin and Ethereum, provided they are audited by licensed accounting firms to confirm the legality of the funds [4][12]. Group 2: Investment Requirements and Process - Applicants must demonstrate a traceable source of funds for the 30 million HKD investment, which can include virtual assets [4][12]. - The investment process involves obtaining preliminary approval before converting virtual assets into cash and investing in approved financial products [12][20]. - From October 16, 2024, applicants can invest in residential properties valued at 50 million HKD or more, with a cap of 10 million HKD counting towards the investment requirement [7][8]. Group 3: Tax and Regulatory Environment - Hong Kong offers a favorable tax environment, with no capital gains tax and a maximum personal income tax rate of approximately 17% [10]. - The asset verification period has been shortened from two years to six months, making it easier for investors to prove the legitimacy of their funds [11][12]. - The regulatory framework for virtual assets in Hong Kong is becoming clearer, with the approval of Bitcoin and Ethereum ETFs, enhancing the investment landscape for cryptocurrency holders [12][20]. Group 4: Market Opportunities - The article emphasizes the potential for high-net-worth individuals to leverage Hong Kong's financial market for global asset allocation while enjoying a stable identity and investment environment [13][14]. - The investment immigration program is particularly attractive for professional investors, as it provides a pathway to secure residency in a mature financial market [16][19]. - The growing acceptance of virtual assets in the investment immigration process positions Hong Kong as a favorable destination for cryptocurrency investors seeking stability and regulatory clarity [12][19].