Why settle and live in Hong Kong?
If we were to translate “Hong Kong” we would have “perfume port” in the Chinese language. This destination is a major economic center in Southeast Asia.
Before becoming Chinese again in 1997, Hong Kong was a British colony. The peninsula has a singular identity, unique to it and far from resembling China. Hong Kong attracts expatriates from all over the world who come mainly for work. But not only, many other reasons push expatriates to choose Hong Kong as a destination…
Travailler à Hong Kong
Si beaucoup d’expatriés choisissent Hong Kong pour leur carrière, c’est tout d’abord pour les revenus qui y sont élevés. Votre carrière peut être boostée de manière considérable valorisant ainsi votre expérience et votre CV. Il est possible d’évoluer vite ce qui donne plus de motivation pour être productif et réussir professionnellement.
Mais attention, prenez en compte certaines « traditions » à Hong Kong. Les gens travaillent beaucoup à Hong Kong. D’après une étude réalisée par le gouvernement, plus d’un Hongkongais sur dix travaille plus de 60 heures par semaine, et la moyenne est à plus de 50 heures par semaine. De plus, les congés payés sont rares ce qui positionne Hong Kong parmi les pays où on travaille le plus au monde.
Activities and culture in Hong Kong
There are a multitude of islands around Hong Kong, which offers you the choice to entertain yourself or your family. Many theme parks exist such as the famous DisneyLand. Although Hong Kong is known to be expensive, it is still possible to do inexpensive activities that will allow you to enjoy the city to the fullest.
The culture in Hong Kong is cosmopolitan, much like Dubai. Many nationalities live together in absolute peace. It is therefore very easy to make connections and expand your network. On the cultural level, Hong Kong is very marked by the Chinese and British heritage which remains very enriching for the inhabitants and the visitors.
Hong Kong is also a great destination for shopping. Hong Kong has the highest density of stores in the world. The city being a free port, prices are 20 to 30% cheaper than elsewhere! High-tech, computers, DVD, clothing, custom-made clothes, etc… Hong Kong is a real paradise for shopping. We recommend the Kowlooon district (Tsim Tsa Thui) to do your shopping, you won’t be disappointed.
A global financial center
Hong Kong’s location is perfect, at the crossroads between the East and the West. Nicknamed “the Pearl of the Orient”, the peninsula offers a multitude of opportunities thanks to its economic dynamism. It is often referred to as the 3rd largest financial center in the world and you can open a bank account in Hong Kong quite easily. The banking network in Hong Kong is very extensive with many world famous fintechs to develop your business.
Hong Kong has an integrated network of institutions and markets, providing a wide range of financial products and services with a high degree of liquidity to local and international investors.
Taxation in Hong Kong
The taxation in Hong Kong is very soft, especially if you generate income abroad. Having a territorial tax system, only the income derived from activities in Hong Kong is taxable.
Suggested reading: Article on taxation in Hong Kong – put the link
There are no less than one million companies registered in Hong Kong, most of which are foreign-owned.
Hong Kong is considered a leading tax haven because of its laws that limit taxation of the island’s wealthy residents and foreign companies.
Hong Kong has many advantages that push thousands of expatriates every year to take the plunge and move to the island to create a company or to work in a local business. This article gives you four good reasons to move to Hong Kong.
Our firm takes care of all your company creation, bank account opening and is also your secretary. Contact us for more information support@merritt.group
