Hong Kong senior executives of financial companies and their overseas affiliates who are fully vaccinated can now apply for an exemption from the three-week compulsory quarantine, the markets watchdog said.
A maximum of two senior executives per each financial company licensed by the city’s Securities and Futures Commission (SFC) and two of their overseas affiliates who need to travel in and out from Hong Kong for managing the company can apply for the exemption, according to the statement released late on Friday.
To apply for the exemption, they need to provide a copy of their identity card or passport photo page, details of the trip and a Covid-19 vaccination record and send it to SFC at least five days before the business trip.
SFC issues licenses to companies such as asset managers, investment banks and securities brokerages.
Those who breach the conditions will lose their exemption and will be sent to the compulsory quarantine center for compulsory quarantine for 21 days. Once convicted, they will receive six months’ imprisonment and a fine of HK$5,000.
Hong Kong has one of the world’s strictest Covid-19 quarantine restrictions. Currently, crew members of aircraft and government officials are among those exempted from the compulsory quarantine.
The Hong Kong government and financial regulators have previously warned the slow take up of vaccinations in the city could undermine its status as a financial center.
Around 1,319,725 people have received their first vaccination dose, around 20.1% of the city’s population.
The total number of confirmed COVID-19 cases in Hong Kong is at 11,838, according to the Centre for Health Protection.
Open a bank account, become a citizen, create an offshore company; all in Vanuatu. It is so beautiful to visit there. Now you will have an excuse. Read all about how to do these things at https://tradeboard.biz.