Why are the rich so keen on Hong Kong identity?

As a blend of Chinese and Western cultures, Hong Kong is one of the safest, richest and most prosperous regions in the world, with the highest economic freedom in the world.

The culture here is similar to the mainland, the language is similar, the tax rate is low, there is no foreign exchange control, there is a stable financial system and a good business environment, and many advantages attract more and more mainlanders to apply for Hong Kong immigration.

Similarly, it is also an excellent place for many rich and famous people to plan their assets.

After Hong Kong closed the investment immigration channel in 20 14, the most convenient channel for rich immigrants was blocked, but even so, the enthusiasm of the rich for Hong Kong identity has not diminished.

Why do these rich people rack their brains to get Hong Kong citizenship?

In a word, it is basically for the following four interests ▼

1. Rich families who want to preserve their assets;

2. Double parents who pursue the international education environment in Hong Kong;

3. Entrepreneurs and full-time wives who want to have more children;

4. Rich investment products can also better avoid risks and avoid taxes;

The reasons behind this are mainly the advantages of Hong Kong in all aspects, the advantages of the mainland as an offshore financial center facing the world, and the changes in mainland policies.

Changes in mainland policy

First, the inheritance tax that everyone cares about. In fact, news about the government levying inheritance tax will come out from time to time to stir up public opinion. Although the article "Inheritance tax will be levied in 20 16" forwarded before has been refuted by Shenzhen Taxation Bureau, according to consistent experience, when a "rumor" is repeatedly spread, it is very likely to become a reality. Because this is often a momentum, let you have some psychological expectations in advance to meet its arrival. Furthermore, if the "low threshold and high tax rate" in the draft inheritance tax becomes a reality one day, it will affect not only high-net-worth families.

In addition, the marriage law, inheritance law and the property tax being implemented are gradually decomposing the property of the rich, especially those entrepreneurs who are trying to get rich. They have worked hard to create the world and accumulated wealth, but the protection of wealth is still in the primary stage, and wealth will be washed away unconsciously.

This is why many high-net-worth individuals seek the needs of immigrants, which is the first step in the defense of wealth.

Hong Kong's financial advantages

Li Xiaojia, Chief Executive Officer of HKEx, said that in the next 20 years, Hong Kong will be transformed from a mainland financing center into three new centers: a mainland global wealth management center, a leading offshore risk management center and a mainland global asset pricing center.

With the introduction of CRS, we are faced with problems such as financial interoperability, global asset mutual investigation and high taxes.

As a tax haven with the easiest tax burden in the world, Hong Kong has the status of Hong Kong resident, that is, it can legally reduce taxes on CRS as a Hong Kong tax resident. In addition, Hong Kong's position as a global wealth management center and an offshore asset management center can also enable rich investment products to better hedge and avoid taxes. More rich people will allocate some assets to Hong Kong for asset preservation, appreciation and preservation!

International tax haven

The wealth existing in Chinese mainland will face heavy taxes and fees. In the medium and long term, stricter tax collection; Property taxes and other property taxes; Levying taxes such as inheritance tax will aggravate these burdens; In order to maintain economic vitality, the Hong Kong Special Administrative Region will always implement a low tax system.

Internal and external dual identity

Hong Kong and Shenzhen are separated by a river. Because of their Hong Kong status, they can travel to and from Hong Kong and the Mainland as many times as they want. In fact, for many Hong Kong drifters, the convenience of going back and forth between Hong Kong and the Mainland has made them forget the concept of being inside or outside China. When they go to Hong Kong by business car, they can go through customs directly without getting off. If they go by themselves, it only takes three minutes to swipe their cards.

The advantage of having a Hong Kong identity is that it also has a domestic identity, which eliminates all kinds of troubles caused by not having China nationality.

Giving birth in Hong Kong: Education in Hong Kong

Education in Hong Kong is the most cost-effective bilingual education. English has always been a shortcoming of mainland children, and it is also a part that makes many far-sighted parents very anxious. All schools in Hong Kong are bilingual, which is much cheaper than domestic and international schools and is a great educational welfare in Hong Kong. Besides, Hong Kong ranks among the best in the world in terms of all-round quality education for children.

As far as the overall cultural environment of Hong Kong is concerned, in a Chinese-dominated society, the cultural background is similar, even if English teaching is used, it can quickly integrate into the local cultural environment, which is also an excellent "springboard" for students who intend to go abroad for further study in the future.

If you are interested in developing in Hong Kong, don't hesitate. Now is the best time to apply for talents. You need to know more. Welcome to consult us: galactic immigrants.