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New FAQ on Amendments to the Rules for Capital Investment Entrant Scheme
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Frequently Asked Questions (FAQs)

New Amendments to the Rules for Capital Investment Entrant Scheme 

 
Q1:What are the amendments?
 
A1:

The amendments to the Scheme are as follows:

 

  1. the threshold of investment (and Net assets/Net equity requirement) is raised from $6.5 million to $10 million and will be reviewed once every three years;


  2. real estate is suspended temporarily as a class of Permissible investment asset (PIA) ; and


  3. insurers authorized to carry on Class C business as specified in Part 2 of the First Schedule to the Insurance Companies Ordinance are allowed to act as financial intermediaries (FI).


 

Newsflash

Did you know that there are a wide range of funds available under CIES?