Expats in Hong Kong seldom come to stay for longer than two years which means youre forced to be comfortable with change. Everything needs to be scheduled well in advance, especially with local friends. Additionally, theres a lot of privilege given to people of certain countries, and the opposite for minorities.”
Is Hong Kong good for expats?
Hong Kong is a fantastic destination for expats and their families, with wonderful food, a vibrant culture and so much opportunity. Just make sure you are well prepared, with a job offer secured, international health insurance prepared and an apartment ready to help you settle in quickly.
How long can you live in Hong Kong?
The result is a healthy, long-lived population boasting the highest life expectancy in the world. Narrowly beating residents of Japan and other “blue zones” such as Italy, men in Hong Kong are living, on average, up to 81.3 years and women even longer, 87.3 years, as of 2016.
Do expats pay tax in Hong Kong?
Non-residents working in Hong Kong are liable to salaries tax. Hong Kong observes a territorial basis of taxation; therefore, the concept of expat tax residency has no significance in determining tax liability, except in limited circumstances. Only income sourced in Hong Kong is subject to Hong Kong tax.
How much money do you need to live comfortably in Hong Kong?
You should allow for HK$30,000 to HK$50,000 (US$3,900 to US$6,500) per year for other living costs, including food, leisure, transportation, and personal items, depending on how extravagantly you plan to live.
What is the 183 day rule?
The so-called 183-day rule serves as a ruler and is the most simple guideline for determining tax residency. It basically states, that if a person spends more than half of the year (183 days) in a single country, then this person will become a tax resident of that country.
Do people in Hong Kong pay income tax?
Hong Kong SAR does not impose income tax based on an individuals total income. That is, business or trading profits are taxed under profits tax, income from employment, office, or pension is taxed under salaries tax, and rental income from immovable property is taxed under property tax.
How do I meet expats in Hong Kong?
14 ways to meet new people in Hong KongMeetup. One of the best ways to meet people is through Meetup, a platform with many activities organized by the community. Internations. Couchsurfing. Chamber of Commerce. Sports teams. Volunteer. Friends of friends. Global Social Networking.More items •24 Oct 2020
How much does an apartment in Hong Kong cost?
The average rent for a one-bedroom apartment in Hong Kong can range from 12,000 to 20,000 HKD (1,500 to 2,500 USD) or more per month.