Bartra Wealth Advisors have a limited number of final Irish Immigrant Investor Programme (IIP) approved investment slots available, with a restricted quota and timeframe. These slots are open to clients who have an immediate intention to apply for the IIP. Contact us now to secure your opportunity.

Bartra Wealth Advisors’ Survey Finds Over 80% of Respondents Consider Emigrating Overseas

To understand the intent and views of the people of Hong Kong on emigrating overseas, Bartra Wealth Advisors (‘Bartra’), a subsidiary of Ireland’s market leading real estate developer and the first Irish immigration investment advisory in Hong Kong, conducted an online survey on emigration. From 1,200 responses, the survey found that 84% of respondents are currently considering or will consider emigrating overseas, among which the majority are high-income individuals including office workers, business people and professionals.

Survey immigration

According to the survey, among the respondents who intend to emigrate about 85% of respondents claim that they will not leave Hong Kong within a year of obtaining an approval of their application to emigrate. The survey also found that over 50% of respondents’ decision to emigrate is in order to improve their living environment, while approximately 30% want their children to obtain a better education. To obtain a foreign residency/citizenship and political factors each account for 20%. As the people of Hong Kong gain a better understanding of Ireland, the country has increased in popularity as a destination for relocation, more so than other European countries and Malaysia. Currently, the top three destinations are the UK, Taiwan and the US. Meanwhile, the top three areas of concern for Hongkongers deciding to emigrate are the associated costs, the ease of application and language. Over 40% of respondents have considered obtaining residency by immigration investment, for which they care most about the security, return, and duration of the investment project, according to the findings of the survey.

Survey Countries

Jeffrey Ling, Bartra Wealth Advisors Regional Manager, said, “Although the UK is still the top pick for relocation for the people of Hong Kong, uncertainty increased after Brexit which may affect the politico-economic environment in the UK. As a member of the European Union and part of the Common Travel Area with the UK, Ireland, an English-speaking country, is a gateway to both the UK and EU countries with promising business prospects; it is the first choice for many companies looking to relocate their headquarters. Moreover, this survey reveals that Hong Kong people require a great deal of flexibility around application and residency requirements via investment immigration, and they show a high degree of concern about the robustness and security of the investment projects. Both of these requirements are met by the Immigrant Investor Programme (‘IIP’) qualified projects that Bartra offers.”

Survey Timeline

Since the desire of high-net-worth clients to immigrate is strong and their top choice remains the UK, Bartra recommends they ensure a full understanding of the local investment market performance before immigrating. Wealth and investment management firm Harris Fraser was specially invited to conduct market analysis and share views on investment opportunities and wealth management trends. Cyrus Chan, Harris Fraser Investment Strategist, said, “With widespread vaccination programmes underway, the global economy is expected to recover faster than expected. However, although the UK and the EU came to an agreement for Brexit last year, relevant implementation details still need to be clarified. The troubled British economy may rebound, and the Irish economy will benefit from it. In addition, with the structural changes in the global economic environment, the wealth management needs of high-net-worth clients increase accordingly. Currently, more popular investment strategies include yield enhancement strategy, financial leverage, Euro asset allocation and focus on the healthcare sector.”

Airport lobby

The pandemic has disrupted the relocation plans of many people in Hong Kong. According to the survey, Hongkongers require more time as well as a high degree of flexibility when planning for emigration. Jay Cheung, Bartra Wealth Advisors Marketing Director, said, “In the current climate, investment immigration services and products need to have three advantages: 1) high flexibility and fast-track process; 2) product safety and strong demand; 3) ability to add value and integrate with wealth management services.

By investing in Ireland’s Immigrant Investor Programme (‘IIP’), application will be approved within 4-6 months, and applicants are only required to reside one day per year in Ireland to maintain their residency; in other words, they can obtain a foreign residency without relocating. Many of Bartra’s clients have already been granted permanent residency of Ireland, but have remained living and working in Hong Kong. In addition, Bartra commands unrivalled creditability in Irish immigration consultancy services. The Social Housing and Nursing Home projects Bartra offers to Hong Kong clients planning to obtain permanent residency in Ireland can be achieved in three or five years, and both guarantee 100% investment capital protection. They each have an approval and renewal rate of 100%. In addition, the Nursing Home project has an annual return of 4% paid on maturity, which is fitting of a high demand healthcare sector. As for the ability to integrate wealth management services, apart from cash, IIP applicants can use stocks, funds, cash value of insurance policies, properties, or even parking spaces and valuable paintings and collectibles etc., for asset requirement approval. Some clients will seek advice from financial services to pledge/refinance their assets to fund investment immigration in the current low interest environment so as to obtain residency without exiting from existing investments.

Press Conference Feb 2021

Pictures are Bartra’s press conference in early February.

Hong Kong’s Most Outstanding Enterprise Awards 2020 – Bartra Wins Most Trusted Immigration Investment Services Award

Bartra is delighted to have once again been recognised by the industry at CORPHUB’s Most Outstanding Enterprise Awards in Hong Kong. Following our success at last year’s ceremony where we took home four awards, this year we were named Most Trusted Immigration Investment Services by the prestigious professional platform, which seeks to highlight enterprises on the rise and celebrate their achievements in various sectors.

At Bartra, we strongly believe that what makes us successful is our business model. As the only Irish developer with a physical office in Hong Kong that offers investors direct investments into our safe, transparent, fixed asset projects, along with the opportunity to gain Irish residency, we are the leading IIP provider and the strongest player in the market.

We pride ourselves on our 100% success and renewal rate, our robust projects in qualifying Social Housing and Nursing Homes projects, and our unmatched expertise in the IIP. Compared to other European immigration programmes, our Social Housing project offers a 100% repayment guarantee and the exit strategy is simple and straightforward without any of the hassle related to liquidation or concerns around market performance. Investors in our Nursing Homes projects enjoy the same simple and straightforward exit strategy, and receive a 20% return (4% interest each year) upon exit of the  Euro1 million, five-year investment on top of obtaining Irish residency. This ensures that our IIP is not only cost-free but includes an excellent return which investors can put towards a property purchase or their children’s education. The safety of the investment coupled with the excellent return makes the IIP one of the most attractive investment migration programmes in the world.

To find out what makes Bartra’s business successful, watch the exclusive interview with our Regional Manager, Jeffrey Ling, below (in Cantonese).

Or read the interview here.

Keen to learn more about beginning your immigration journey to one of the world’s most enticing destinations – Ireland with the expertise of a best-in-class Irish developer? Contact us today!

Irish education – a future for your children

Hong Kong’s education and employment environments have become increasingly competitive, which may have contributed to the surge in interest in emigration. A growing number of parents are seeking alternatives to schools in Hong Kong, with more than 50% of parents expressing an interest in sending their children overseas for secondary and tertiary education, according to Prudential’s Hong Kong Parents Savings Gap Survey in 2019. Fast-track immigration has become an attractive option, as parents eagerly try to create a better future for their children. And interestingly, parents are shifting their interests from the UK to Ireland.

Bartra Wealth Advisors’ Hong Kong Regional Manager Jeffrey Ling said: “As a father of two kids, I know exactly how most Hong Kong parents feel. A high-quality learning environment and a good education system are the cornerstones that lead children to success. Ireland’s education system is among the best in the world and has been highly valued by the local government for many years. The primary goal of the Irish education system is to provide a broad spectrum of cultural, artistic, sporting, psychological and spiritual development as well as to prepare children for academia. Educational programmes at primary and secondary levels are designed to fulfill and develop a wide array of talents and to support childhood development mentally, artistically and physically. Compared to traditional education in Hong Kong, parents are increasingly willing to allow their children to receive an education in Ireland.”

It is worth noting that Irish graduates have a wealth of job opportunities; plenty of the world’s leading companies are located in Ireland with six top growing sectors that include IT services, accounting and auditing, innovation- and intellectual property-related enterprises, green sector jobs, business and financial services, and medical and pharmaceutical. There are also jobs in industries such as food and wine. Studies in medical care, social work, computing, engineering, accounting, animation and game design are in particular demand locally. In 2019, the Organisation for Economic Co-operation and Development (OECD) noted that Irish graduates are the most productive employees in the world among international companies. Employers, both national and international, affirm the quality of graduates from the Irish education system.

The Irish education

Hong Kong and Ireland have strong links in many areas, particularly education. Both are English speaking and have similar systems influenced by Britain. In fact, Hong Kong has more than 6,000 graduates from Irish Universities and the education sector in Hong Kong has long-established Irish links; tens of thousands of people in Hong Kong have studied in Catholic schools run by Irish priests. According to the Irish International Education Center (IIEC), an increasing number of Hong Kong parents are keen to send their children to study in Ireland. Established in 2012, the same year the Hong Kong DSE was implemented in Hong Kong, the IIEC is committed to and specialises in promoting Irish education. It has organised regular visits to Ireland and summer camps for students to experience the culture and study atmosphere in Ireland, and hosts regular seminars and information sessions for different stakeholders including students, parents, teachers, careers staff and school principals.

To learn more about studying in Ireland, watch the second episode in our video series Immigration Insights with Bartra Wealth Advisors, where Jeffrey Ling talks to Anthony Cheng, Director of the IIEC, about the most popular schools in Ireland, fees and budgeting, recognition of the HKDSE in Ireland, the best study years to transfer, and the leading degree programmes.

The UK and Ireland are home to some of the world’s most renowned and reputable schools at a secondary/boarding and tertiary level. By enrolling in a secondary or boarding school in the UK or Ireland, successful IIP applicants and their children will be close to top-tier universities in both countries and can conveniently visit university campuses and meet with faculty members and current students, which aids their decision-making process on which university will be most suitable.

In addition to attending world-class English universities, children who become citizens of Ireland can qualify as local university students and pay ‘home rate’ tuition fees instead of overseas rates.

For local, or ‘home’ university students, the typical tuition fee for an undergraduate degree at an English university is a maximum of £9,250 per year. Conversely, international students who plan to attend university in the UK and who are neither Irish nor British citizens have to pay the overseas rate, which could be as much as £26,000 a year. Without access to the ‘home’ rate, international students need to spend nearly three times more for the same undergraduate degree at the same university.

Similar to the UK, universities in Ireland follow a tuition fee structure whereby local students pay a local rate and international students pay an overseas rate. For instance, at the University College of Dublin and the National University of Ireland, Galway, charges for local students are €6,700 and €6,000 a year respectively for an undergraduate degree. An international student will pay  €16,480 and €12,750 respectively for the same undergraduate degree at these two institutions – more than double that of their local classmates.

In addition to lower tuition fees, Ireland offers eligible university students funding support for their studies under the Free Fees Initiative. Qualifying students pay a contribution of just €3,000 per year, effectively receiving 50% off their fees, though one of the requirements is for students to be a national of either an EU Member State, a state which is a contracting state to the EEA Agreement, the Swiss Confederation, or the UK.

college library

To learn more about Irish education, why not read our recent article What is it like to attend secondary school in Ireland.

Ireland is the only English-speaking country remaining in the EU following Brexit and, as such, Irish education will be highly sought after in the coming years, especially for students from EU countries who want to enjoy an English education and improve their language skills. If Ireland becomes the centre of EU education, it will be more effective in connecting with top colleges in various countries (including well-known universities in the UK). For students considering their options for further studes, enrolling in Irish universities offers plenty of opportunities. Generally speaking, Irish universities require IELTS scores of 6.0 to 6.5, and DSE scores of 44333 to meet the entry threshold, and they offer a diverse range of courses, from environmental science and veterinary medicine to creative arts and game design.

The IIP is more than a residency; it is a future for your children

The goal of many parents is to provide a better quality of life for their children and future generations. Investors keen to maximise opportunities for their children’s education and obtain residency rights in both the UK and Ireland should consider the Ireland Immigrant Investor Programme (IIP). The programme’s ability to provide educational benefits, such as a wealth of choice in top-tier secondary and tertiary schools and tremendous cost savings on university tuition fees, makes it the optimal pathway to an elevated lifestyle and opportunity-abundant future.

Ireland Immigration

A country’s economic stability and quality of life are key deciding factors when selecting an immigration destination; it’s not just the broader career prospects. Finer details such as the study environment for children, the local tax system, healthcare services, the real estate market, affordability and cultural inclusiveness are among the important considerations – and Ireland is one of few countries that appeals across the board.

If you are interested in learning more about the Immigrant Investor Programme (IIP) and the education system in Ireland, get in touch now.