Hong Kong has introduced a groundbreaking update to its investment visa program, now recognizing Bitcoin (BTC) and Ethereum (ETH) as valid proof of wealth for applicants. This move aligns with the city’s progressive stance on cryptocurrency regulation and positions it as a leading hub for digital asset adoption.
Key Details of the Visa Program
- Wealth Requirement: Applicants must demonstrate a net worth of HK$30 million** (~$3.8 million), which can include crypto assets**.
- Verification Process: Cryptocurrency holdings require a signed valuation report from a chartered public accountant.
- Investment Restrictions: Post-approval, the HK$30 million investment must be in traditional assets (e.g., stocks, real estate); cryptocurrencies are excluded.
Why This Matters
Hong Kong’s decision reflects its strategy to attract high-net-worth individuals (HNWIs) while integrating blockchain technology into its financial ecosystem. The program offers:
- Residency Opportunities: A pathway for crypto holders to gain Hong Kong residency.
- Regulatory Clarity: Clear guidelines for using digital assets in visa applications.
- Global Competitive Edge: Distinguishes Hong Kong from jurisdictions lagging in crypto-friendly policies.
👉 Explore how Hong Kong is leading in crypto innovation
Verification Process for Crypto Assets
Chartered accountants in Hong Kong have adapted services to meet the demand for crypto asset verification. The process involves:
- Documentation: Submission of transaction histories, wallet addresses, and ownership proofs.
- Valuation: Use of specialized methods to assess BTC/ETH market value at the time of application.
- Certification: Issuance of a signed report confirming the assets’ authenticity and value.
"This program bridges traditional finance and the crypto economy, setting a precedent for other global financial centers."
Program Impact and Trends
- Application Volume: Over 750 applicants as of February 2025, signaling strong interest.
- Hong Kong’s Crypto Hub Status: Complemented by licensed crypto platforms and clear regulatory frameworks.
- Future Outlook: Potential expansion to include other digital assets or DeFi-related investments.
👉 Learn more about crypto-friendly visa programs worldwide
FAQs
Q1: Can I use other cryptocurrencies besides BTC/ETH?
A1: Currently, only Bitcoin and Ethereum are accepted for wealth proof.
Q2: Are crypto holdings liquidated for the post-approval investment?
A2: No. The HK$30 million investment must be in traditional assets; crypto cannot be used.
Q3: How long does the verification process take?
A3: Typically 2–4 weeks, depending on accountant workload and documentation completeness.
Q4: Does Hong Kong tax crypto gains used for the visa?
A4: Hong Kong has no capital gains tax; crypto profits remain untaxed.
Q5: Can family members be included in the application?
A5: Yes, spouses and dependent children under 18 are eligible.
Conclusion
Hong Kong’s updated investment visa program marks a milestone in crypto adoption, offering a unique opportunity for BTC/ETH holders to leverage their assets for residency. While post-approval investments remain traditional, the inclusion of digital assets underscores the city’s commitment to financial innovation.
For further details, consult Invest Hong Kong or a qualified chartered accountant.
### **Keywords**:
- Bitcoin (BTC)
- Ethereum (ETH)
- Investment Visa Program
- Hong Kong Residency
- Cryptocurrency Regulation
- Wealth Verification
- Chartered Accountant
- High-Net-Worth Individuals (HNWIs)