
In recent years, Hong Kong has attracted a lot of mainland talent, with more than 300,000 applicants in two years. In particular, the high-end talent pass program received 85,000 applications. The main reasons for these applications include:
1.Development Opportunities
1.1 Freedom of funds
No foreign exchange controls, simple tax system, low tax rate & no double taxation.
1.2 Employment opportunities
Hong Kong has many international companies, with high salaries & many career advancement opportunities. Hong Kong’s monthly salary ranks 23rd in the world and 5th in Asia. The median monthly income of employed persons is HK$21,200.
1.3 Entrepreneurial environment
First, the profit tax for the first 2 million of corporate profits is 8.25% & the portion exceeding that is taxed at 16.5%. Second, Hong Kong has signed double taxation avoidance agreements with 51 tax jurisdictions. Third, general goods imported into Hong Kong are exempt from import duties (with certain exceptions for special goods).
2.Life Planning
2.1 Travel freedom
Hong Kong passport holders can travel to 170 countries visa-free & the residency requirements are lenient. The Hong Kong SAR passport ranks 18th in terms of travel freedom.
2.2 Family accompanying
Applicants can bring their spouses children to obtain residency & newborns automatically receive permanent residency in Hong Kong.
2.3 Dual identity
Individuals can retain their mainland household registration, facilitating development in both regions.
3.Educational Advantages
3.1 Free education
All residents can enjoy 15 years of free education with high-quality education.
3.2 Higher education opportunities
Hong Kong residents can enter 132 prestigious mainland universities through a non-examination admission program.
3.3 Overseas study
The Hong Kong DSE examination is recognized by many universities worldwide, providing students with more options.
4.Healthcare System
4.1 Medical level
The survival rate of breast cancer in Hong Kong is 89.8%, second only to American medical centers. In terms of stomach cancer treatment, Hong Kong's five-year survival rate is 13% higher than that of European & American cities. Hong Kong's survival rate for lung cancer & uterine cancer treatment is also among the best in the world.
4.2 High-quality medical care
Hong Kong has a high medical survival rate, with superior healthcare services at reasonable prices.
5.Advantages of Buying House
5.1 Purchasing a house on the mainland
Hong Kong residents can freely purchase property in the Greater Bay Area without needing proof of social security.
5.2 Buying a house in Hong Kong
Properties are sold globally, have strong liquidity & require a low down payment ratio.
6.Conclusion
Hong Kong's advantages in financial flow, employment, entrepreneurship, education, healthcare & housing are attracting more mainland residents to migrate. In the future, it is expected that more talented people will choose to settle in Hong Kong in the long term.
If you would like to know more about Hong Kong's talent programs, please contact Oceanus Strategic. We will publish more interesting articles in the future, so stay tuned.
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