How long must the investment be maintained and what continuing ownership, investment or physical-presence conditions are important?
For the designated public-sector-project undertaking PRC, the page requires a Governor’s certificate of undertaking, a Cabinet Action Minute approving receipt of the contribution and a Treasury receipt or written payment confirmation. It does not state a minimum post-grant investment-holding period. The government page lists revocation grounds, including ordinary residence outside the Islands for a continuous five years or more unless an endorsement authorises it, inability to support self and dependants, and breaching a no-work endorsement.
See recorded sources
Limits of the record- The current PRC page specifies contribution evidence and general revocation grounds but does not establish an additional route-specific physical-presence duration after grant.
- Current TC Border Control PRC page, project route section
Undertaking and Investment in a Designated Public Sector Project
Undertaking and Investment in a Designated Public Sector Project - Fee $25,000
Immigration Regulations 13(2) (h)
A.You are of good character and in good health
Evidence Required:
Police Certificate issued in the last six months, and
Two character reference letters, and
Medical certificate issued in the last six months.
B. Undertaking from the Governor
Certificate of Undertaking issued by the Governor
C. You have made the following investment
Not less than $1,000,000 contribution in a designated approved public sector project in the Islands.
Evidence Required:
Cabinet Action Minute confirming approval for receipt of contribution in the named project.
Treasury payment receipt and/or written confirmation of receipt of contribution from the Permanent Secretary Finance or a public officer designated by him/her.
FEES
Submission of Application
$150
Non-refundable
Certificate of Undertaking
$1,500
Non-refundable Application Fee
PRC Application
$25,000
Endorsements
$200 per dependent is r
efundable if doesn’t qualify or not approved.
If granted, the applicant
will not
have permission to work in the Islands. Dependents will need a work permit or government stamp to work.
- Current TC Border Control PRC revocation section
Can a Permanent Residence Certificate be revoked?
Yes. Please refer to the following reasons.
The application for the Certificate was false in a material particular or failed to disclose a material fact.
The person to whom the Certificate was granted has been convicted in the Islands of an offence (other than an offence under the Road Traffic Ordinance which does not involve death or injury.
The person to whom the Certificate was granted has been convicted of a criminal offence in any other country and sentenced to a term of imprisonment of not less than twelve months.
The person to whom the Certificate was granted has become unable to support himself and his dependents.
The person to whom the Certificate was granted has a mental illness or disorder that makes him a danger to society and the Governor considers it to be in the public interest to revoke.
The person to whom the Certificate was granted has a communicable disease that makes him a danger to society and the Governor considers it to be in the public interest to revoke.
The person to whom the Certificate was granted has breached a condition endorsed on his Certificate requiring him to take up residence in the Islands within a certain period of time.
Except where authorised by an endorsement on his Certificate, the person has, subsequent to the grant of the Certificate, ordinarily resided outside the Islands for a continuous period of five years or more.
Having been granted a Certificate containing an endorsement prohibiting him from engaging in any gainful occupation, the person has engaged in a gainful occupation.
For any other reason the Governor considers that it is not in the public interest that the person continues to reside on the Islands.