What are the good aspects living in Hong Kong?
Hong Kong has been attracting expatriates from all over the world for many decades, enticed by its vibrant lifestyle and the unique blend of Eastern and Western cultures. Naturally, individuals who plan to make this city their home are eager to learn about the quality of life and what they can anticipate upon arrival. While Hong Kong is known for its bustling atmosphere and fast-paced lifestyle, it is important not to overlook the fact that there are abundant green spaces and tranquil places to unwind, which may exceed some people's expectations.
High income and low tax rates
Financial packages for most expats in Hong Kong are considerably attractive comparing to other regions in Asia.
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Hong Kong is considered a leading tax haven due to its laws that limit taxation.
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Personal income pays taxes of between 2% and 17% (Click here for more info) , depending on salary, while residents who earn income beyond the island's borders pay no tax on those earnings. It's considered one of the lowest in Asia.
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No taxes charged on capital gains, interest, or dividends; there are also no net-worth or public benefit taxes.
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No sales tax.
Large expat community
Hong Kong is renowned for its thriving expat community, which contributes to an easier settling-in process for newcomers. In certain areas, the majority of residents are expats, and traces of British influence can still be seen. There is an abundance of Western restaurants, bars, and a wide range of activities available, making it relatively easy to make new friends.
Plenty of things to do
What do people go at weekends and holidays?
Hong Kong, being a truly cosmopolitan city, offers a plethora of entertainment options and excellent restaurants that cater to the desires of expats. While these activities can be enjoyed individually, Hong Kong also provides a wide range of opportunities for spending quality time with family and friends.
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1. Stunning beaches
There are some excellent beaches in Hong Kong such as Repulse Bay, Tai Long Wan, Big Wave Bay, Shek O Beach and Cheung Sha Beach.
3. Shopping & Nightlife
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Hong Kong has been well known as shopping parades where it is filled with glamorous malls to bustling street markets.
On the doorstep of the Central business district Lan Kwai Fong is one of the most popular nightlife hot spots in Asia. It is home to around 100 restaurants, bars, clubs and shops.
2. Hiking and sports
A lot of the new visitors to Hong Kong are amaze by the amount of greenery available. There are thirty-eight hiking trails in Hong Kong. Hiking is very popular in the city, a lot of the trails can be reached by public transport.
4. Less than 5 hours to some of most coveted destinations
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China, Indonesia, Japan, South Korea, Indonesia, Thailand, Singapore, Vietnam, Malaysia and Taiwan etc.
Low levels of crime
Hong Kong is recognized for its low crime rates and overall peaceful environment. The city operates under the British legal system, which ensures a fair trial and is widely acknowledged for its low levels of corruption. While it is generally safe to venture out at night, it is always advisable to exercise vigilance, as is the case in any location.
Transport links
Hong Kong has a highly developed transport network, encompassing both public and private transport. Based on Hong Kong Government's Travel Characteristics Survey, over 90% of daily journeys are on public transport, the highest rate in the world. Additionally, traveling to neighboring regions such as mainland China and Macau is relatively straightforward, and these destinations are popular choices for weekend getaways among expats.
Education and healthcare
Hong Kong's universities have demonstrated exceptional performance in relation to its population and GDP when compared to other developed countries and regions. Considering its territorial area, Hong Kong boasts the highest concentration of world-class universities compared to any other location worldwide.
Among the 22 local degree-awarding institutions in Hong Kong, three are ranked within the top 50 globally and three are ranked within Asia's top 10 according to the latest University Rankings by Quacquarelli Symonds. In 2019, three of our universities were also ranked within the top 100 in the world by the Times Higher Education survey.
Hong Kong's healthcare system secures the top position in the region for good reason. According to Bloomberg's index, Hong Kong is ranked first in Asia and has the most efficient healthcare system in the world. Similar to many other countries, Hong Kong offers both private and public healthcare options. However, what sets Hong Kong apart is the exceptional level of service provided within its healthcare system.
Across every region and district of Hong Kong, there is a significant concentration of clinics, hospitals, and Traditional Chinese Medicine (TCM) clinics. These facilities offer 24-hour emergency services, and the doctors are internationally trained and specialized in their respective fields.
In the public healthcare system, Hong Kong residents benefit from heavily subsidized healthcare costs, ensuring minimal financial burden. The quality of service provided in exchange for these low costs is top-notch, as Hong Kong's medical facilities are equipped with state-of-the-art technology, and medical professionals undergo extensive training. Many doctors in Hong Kong have graduated from renowned medical institutions in the United States and other countries. The private healthcare sector in Hong Kong offers similar quality of service, but at significantly higher costs.