Relocating to Hong Kong?

Fancy moving to HK? Here’s everything you need to know! 

Hong Kong is one of the most attractive places for expats and immigrants as it offers a competitive business environment that includes a professional work environment, free trade, low taxation, and minimum government intervention. Right from culture to food to people, everything about Hong Kong is attractive! So, here we have provided you with all the information you would need if you decide to relocate to Hong Kong.

Pre-arrival checklist

Relocating to Hong Kong

References: 

https://www.expatexplorer.hsbc.com/survey/files/pdfs/country-reports/HK.pdf
  1. Geography
  • Hong Kong is a coastal city and a major international port, situated at the southeastern tip of China.
  • Hong Kong is mainly divided into four areas: Hong Kong Island, Kowloon, the New Territories, and the Outlying Islands.
  • Hong Kong offers the best of East and West in terms of jobs, business opportunities, lifestyle, as well as varied geography that consists of the concrete jungle, lush greenery within, and outside the city with plenty of options for outdoor activities, such as parks, hiking, barbeque, beach fronts, and more. 
  1. Climate
  • The climate in Hong Kong is fairly good. The temperature is below 10 degrees Celsius in the winter and above 31 degrees Celsius during summer. It rains here from late March until September. However, every year Hong Kong witnesses typhoons; details about the same have been provided in the emergency section.
  • The best time to visit Hong Kong is between November and May.
  1. Language
  • The government requires immigrants to exhibit proficiency in the English language to be allowed to reside in Hong Kong.
  • The same is also applicable to individuals with children. For a child to be enrolled in the Hong Kong education system, knowing English is mandatory.
  • If you do not speak English or Cantonese, it is difficult to survive in Hong Kong. Both local Cantonese (traditional Chinese) and English are used widely in professional environments, including all government offices. 
  • However, it is advisable to learn Cantonese if you intend to stay longer and blend into the local culture professionally and personally.
  • Basic Cantonese can be found under local language in the Hong Kong culture section of this book. You can later join online or classroom training.
  1. Currency
  • Hong Kong dollar, under the linked exchange rate system, is pegged to the US dollar at a fixed rate, i.e., HK$7.80 to 1 US$.
  • Hong Kong Monetary Authority (HKMA) authorizes three banks (HSBC, Bank of China, and Standard Chartered) to issue banknotes only when these banks deposit an equivalent in U.S. dollars with HKMA.
  1. Consumption Tax
  • Hong Kong is considered a shopping and investment paradise, as there is neither sales tax nor capital gains tax nor VAT. 
  • However, there are other taxes mentioned in the accounting and taxation section. 

For more details visit the website: https://www.hkma.gov.hk/eng/key-functions/money/hong-kong-currency/notes/

  • Measurement
  • Hong Kong has three main systems of units of measurement, and all are currently used:
  1. The Chinese units of measurement of the Qing Empire (not used in mainland China)
  1. British Imperial units
  1. The metric system

For example, length:

–           Metric Units: 1 kilometre = 1,000 metres. 1 metre = 3.28 feet (approx.)

–           Imperial Units: 1 mile = 1,760 yards. 1 yard = 0.91 metre (approx.). 1 foot = 1/3 yard. 1 inch = 1/36 yard.

–           Chinese Units: 1 chek = 0.37 metre (approx.). 1 tsun = 0.1 chek. 1 fan = 0.1 tsun.

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