Majority of applicants are elderly people born in China looking to invest NT$6 million: MOEA

Taiwan News
Date: 2019/11/07
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – A majority of Hong Kong citizens looking to immigrate to Taiwan by investing in the island are elderly people born in China, the Ministry of Economic Affairs (MOEA) said Thursday (November 7).

As doubts surge about the future of the former British territory under Chinese rule, more citizens have been looking for a way out, focusing on Taiwan as a country with a similar culture but with stronger democratic institutions.

Hundreds of retired Hong Kong citizens born in China have applied for a migration program with private brokers requiring a minimum investment of NT$6 million (US$197,000), the Liberty Times quoted the MOEA.

The elderly people occupy over 70 percent of the applications, but most of them have not presented specific investment plans, officials said.    [FULL  STORY]