Why And How Hong Kong Seeks Entice Foreign National Talent
Globalization has ended in a seemingly endless trend of migration of people around the world. This includes the international movement of highly skilled workers, including specialists, researchers, business executives, managers and intra-company transferees.
Much within the motivation within the part of your professionals may be the allure of the economic opportunities abroad that are greater compared to those available in their home nations. As a result in this particular migration dynamic, the countries on the receiving end of the movement of these people the newest benefits of innovation stimulation, a greater pool of skilled human capital and the exchange of intellectual anticipating the waves. These migrants also bring new money into america with these kinds of.
Consequently, the nation's immigration agencies of developed economies find themselves in a battle appeal to talent to their shores and indulge in implemented migration programmes which facilitate the admission of this skills within their countries. This includes making it much easier for foreign students stay behind upon the realization their formal education and take up employment or establishes or join in businesses.
Hong Kong is no exception. In the 2003 Report of the Task Force on Population it was stated that "Hong Kong must have the capacity to draw on the best and the brightest your region and world-wide, like the populous and fast-developing Mainland".
In the principle Executive's 2005 Policy Address, Mr Donald Tsang made it very clear:
"Like other world cities, Hong Kong must attract talent from around the globe... the larger the pool of talent, the easier it is for a in order to attract investment, thereby promoting economic development and increasing employment".
This notwithstanding, Hong Kong has quite a few of "pull factors" which work to entice the highly skilled, well educated and consummately professional to be and get ready the HKSAR. These include excellent employment opportunities, good pay, a low tax rate and easy and efficient visa application procedures. Geography, climate and cuisine also play a major part too! Moreover, Hong Kong has fabulous telecommunications, easy travel, excellent security and long-established racial tolerance.
Admission of highly skilled immigrants has always been part of the fabric of Hong Kong society. Whilst the dynamic towards Mainland talent has, obviously, developed positively since 1997 your One Country, Two Systems arrangements of the 1984 Sino-British Joint Declaration, the immigration policy on entry for employment of foreign professionals, which is well known as the typical Employment Policy, has visited place for more than half a century.
Employment visas are issued to professionals "who possess special skills, knowledge, or experience worthwhile to and not readily accessible in Hong Kong". Investment visas are issued to people that are prepared to create a "substantial contribution to the economy of Hong Kong". "Quality Migrants" and "Mainland Talents and Professionals" each have their own immigration programmes designed specifically with them in head. Moreover, anyone graduating from a Hong Kong tertiary education institute is now effectively granted an employment visa post graduation almost as 'of right' under the "Immigration Arrangements for Non-Local Graduates".
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