Hong Kong is making waves in the global financial landscape by recognizing Bitcoin (BTC) and Ether (ETH) as acceptable forms of proof of wealth for its New Capital Investment Entrant Scheme (CIES). This move positions the city as a forward-thinking hub for digital asset holders seeking residency through investment.
Under the updated guidelines, high-net-worth individuals can now include their cryptocurrency holdings when demonstrating a minimum net worth of HK$30 million** (approximately **$3.8 million USD)—a key requirement for the investment visa. While crypto cannot be used for the actual investment commitment, its inclusion as proof marks a significant milestone in the mainstream acceptance of digital assets.
How Cryptocurrency Fits Into Hong Kong’s Investment Visa Framework
The decision to accept Bitcoin and Ether as proof of assets was confirmed by a spokesperson from Invest Hong Kong, the government body responsible for promoting foreign direct investment. This shift reflects Hong Kong’s strategic push to become a leading center for fintech and virtual asset innovation.
Applicants must provide verified documentation showing ownership and value of their digital assets. Specifically, a qualified chartered public accountant must assess and sign off on the valuation of the cryptocurrency portfolio. This ensures transparency, accuracy, and compliance with financial regulations.
Notably, there are no restrictions on the types of assets applicants can use to meet the net worth threshold—meaning a diversified portfolio including real estate, stocks, cash, and now crypto is fully permissible.
However, it’s crucial to understand that while crypto can prove wealth, it cannot fulfill the mandatory investment requirement. Once approved, applicants must deploy the HK$30 million into government-approved instruments such as:
- Publicly traded equities
- Bonds and fixed-income securities
- Authorized investment funds
- Other regulated financial products
Cryptocurrencies are excluded from this list of permissible investments, maintaining a clear distinction between asset verification and capital deployment.
Eligibility Criteria for the Investment Visa
The New Capital Investment Entrant Scheme is open to most nationalities, with a few exceptions. To qualify, applicants must not be:
- Residents of Mainland China
- Nationals of Afghanistan
- Nationals of Cuba
- Nationals of the Democratic People's Republic of Korea (North Korea)
All other individuals—regardless of citizenship—are eligible to apply, provided they meet the financial and procedural requirements.
In addition to proving net worth, applicants must:
- Be at least 18 years old
- Have no criminal record
- Demonstrate good conduct and financial standing
- Nominate a local sponsor who is a genuine Hong Kong resident
The local sponsor can be either an individual or a registered company based in Hong Kong. Their role is to vouch for the applicant and support the application process.
Step-by-Step Application Process
Applying for Hong Kong’s investment visa involves several structured steps designed to ensure legitimacy and compliance.
1. Prepare Documentation
Gather comprehensive financial records, including:
- Bank statements
- Property deeds
- Stock portfolios
- Cryptocurrency holdings (with auditor-verified valuation)
All documents must be recent, accurate, and officially translated if not in Chinese or English.
2. Engage a Local Sponsor
Identify a trustworthy sponsor—a Hong Kong resident over 18—who agrees to back your application. The sponsor must also submit identification and proof of residency.
3. Submit Application
File all required documents through official channels. Upon receipt of complete materials, processing typically takes around four weeks.
4. Approval and Payment
If approved, applicants will be required to make necessary payments related to the visa issuance. Upon confirmation, an e-Visa or entry permit will be issued electronically.
This streamlined process makes Hong Kong one of the more accessible investment migration programs in Asia, especially for tech-savvy investors with substantial digital asset holdings.
Why This Matters: Hong Kong’s Broader Crypto Strategy
While many countries remain cautious about cryptocurrency integration, Hong Kong has adopted a balanced yet progressive stance. The city currently hosts nine licensed virtual asset trading platforms, signaling strong regulatory oversight combined with openness to innovation.
By accepting Bitcoin and Ether as proof of wealth, Hong Kong sends a clear message: digital assets are legitimate components of modern net worth. This policy aligns with its ambition to become a premier fintech and Web3 hub in Asia.
Moreover, the move could attract a new wave of high-net-worth individuals (HNWIs) from the crypto community—entrepreneurs, developers, investors—who may contribute not only capital but also technological expertise and business development.
Frequently Asked Questions (FAQ)
Q: Can I use any cryptocurrency as proof of wealth?
A: Currently, only Bitcoin and Ether are explicitly accepted. While other major cryptos may be considered in the future, applicants should rely on BTC and ETH for now.
Q: Do I need to liquidate my crypto to apply?
A: No. You do not need to sell your holdings. However, you must obtain a formal valuation from a certified public accountant.
Q: Is crypto allowed as part of the mandatory HK$30 million investment?
A: No. After approval, the required investment must be made in traditional, government-approved assets such as stocks, bonds, or funds—crypto is not permitted.
Q: How long does the entire visa process take?
A: With complete documentation, processing takes approximately four weeks. Additional time may be needed for audits or clarifications.
Q: Can I bring my family with me under this visa?
A: Yes. Approved applicants can typically include spouses and unmarried dependent children under 18 in their residency application.
Q: Are there any tax implications for crypto holders applying under this scheme?
A: Hong Kong does not currently impose capital gains tax on cryptocurrency held personally. However, professional traders may be taxed differently. Consult a local tax advisor for personalized guidance.
Final Thoughts: A Gateway for Digital-Economy Investors
Hong Kong’s decision to accept Bitcoin and Ether as proof of wealth underscores its evolving role as a bridge between traditional finance and the digital economy. For crypto-native millionaires and early adopters, this opens a credible pathway to residency in a globally connected financial center.
As regulatory clarity increases and institutional adoption grows, more jurisdictions may follow Hong Kong’s lead. For now, savvy investors have a rare opportunity: leveraging their digital assets to access one of Asia’s most vibrant economies.
👉 See how you can turn your crypto portfolio into global mobility options today.
With over 750 applications already submitted under the New Capital Investment Entrant Scheme, interest is clearly surging. Whether you're building wealth in blockchain or diversifying across asset classes, Hong Kong’s doors are opening wider than ever—powered in part by the rise of digital currency.