International Movers to Hong Kong

Hong Kong

Moving to Hong Kong can be both a daunting and exciting experience. Hong Kong is a major international financial center and also an important trade and cultural hub

Hong Kong was a major manufacturing center before WWII. Today however, 90 per cent of its GDP comes from its service sector, while manufacturing now accounts for a mere 9 per cent. The country is one of the world’s largest financial hubs and is said to be one of the Four Asian Tigers in terms of its rapid industrialization and impressive growth rates. Today, he Hong Kong Stock Exchange is ranked sixth in the world.

The Hong Kong dollar is linked to the US dollar which has ensured its strength and even in today’s economic crisis; it remains stronger than many other currencies.

Here are some of the things you should know before moving to Hong Kong:

  • Hong Kong does not require withholding on employment income, so taxpayers pay tax in lump sums as opposed to on a monthly basis. In addition to this, the first installment of tax paid will include a provisional amount for the next tax year. This means you can expect your first tax bill to be very high.
  • All Hong Kong residents are required to carry a Hong Kong ID card with them at all times. If you are stopped by the police and you don’t have one on your possession you may be prosecuted.
  • Even though Hong Kong is part of China, you need a separate visa to cross the border. Cars cannot be taken from Hong Kong to China (and vice versa) without an approved license plate.
  • Hong Kong has 17 public holidays per year, but if the holiday falls on a Saturday it is not carried to the Monday.
  • The majority of homes and apartments in Hong Kong do not have an oven as most Chinese cooking is done on a hob.

Astro Movers provides International Moving Services to Hong Kong that covers everything you need to know about moving to Hong Kong.

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