StashAway | Investing, redefined

How do I qualify for PI status?

The following prescribed thresholds apply in order to be eligible to be treated as a PI:

  1. any trust corporation having been entrusted under the trust or trusts of which it acts as a trustee with total assets of at least $40 million HKD or its equivalent in any foreign currency; 
  2. any individual (either alone or with his spouse or children on a joint account) having a portfolio of at least $8 million HKD or its equivalent in any foreign currency;
  3. any corporation or partnership having either a portfolio of at least HK$ 8 million or total assets of at least $40 million HKD or its equivalent in any foreign currency; and
  4. any corporation whose sole business is to hold investments and which is wholly owned by an individual who (either alone or with his spouse or children on a joint account) falls within the description in paragraph (b) above.