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A Comprehensive Guide for Moving to Hong Kong
Hong Kong is a coastal island near China. It functions under national law but has several unique provisions. With the sixth-highest GDP in the world, Hong Kong welcomes expats from all over the world. It is home to numerous global corporations involved in technology, advertising, human resources, finance, and other industries. Hong Kong is among the top 10 immigration destinations, promising a luxurious metropolitan lifestyle close to nature.
Do you want to migrate to Hong Kong? Are you looking for a moving company in Hong Kong?
In this post, we’ll explain everything you need to know about the country, including how to move there, the fees, and everything else.
Benefits of relocating to Hong Kong
The following are the benefits of moving to Hong Kong:
- Experience a lively culture.
- Exceptional educational opportunities
- High-quality public transit system
- A large expat community
- Lots of enjoyable things to do and see.
- One of the safest areas in the world
- Lots of natural landscapes
- Free Economy
To minimize the stress of your move to Hong Kong. Contact us, as we are a top moving company in Hong Kong!
| Category | Information |
|---|---|
| Capital | Brussels |
| Population | 1.16 crores Approx |
| Official Languages | German, Dutch, and French |
| Currency | Euro |
| Popular Cities | Brussels, Antwerp, Bruges |
How to Move to Hong Kong
Now that you’ve decided to move to Hong Kong, there are a few details you should be aware of. First and foremost, you will need a visa to relocate there [which we will address in the following article], and you will also require movers and packers in Hong Kong to assist you in moving your stuff.
We do that process at ISS for you, so you only have to worry about one thing when migrating. Our crew is highly qualified and will complete the job flawlessly.
Visa Requirements To Move To Hong Kong
Visitors from over 145 countries are permitted to visit Hong Kong without a visa or work permit for a duration of 7 to 180 days. However, if you are seeking for storage in Hong Kong, it suggests you intend to relocate there, thus you will require a visa based on your trip reasons.
Following is a list of visas on which you can visit Hong Kong:
– Work Visa
A work visa allows you to enter a nation solely to work. You must have received a work offer from a Hong Kong company to apply for this visa. You must complete the application and submit the relevant documentation, but your employer must also complete a form to assist you in obtaining this visa.
– Student Visa
This visa is intended for individuals who wish to relocate to Hong Kong to study. You must have an acceptance letter from a reputable Hong Kong educational institute to apply for this visa. You must complete the application form and send it to the visa center and the necessary documentation.
– Investment Visa
An investment visa is a sort of visa that allows people to come to Hong Kong and start a business. This highly thorough procedure may take longer because you must document practically every facet of your organization.
If your company will only operate in Hong Kong’s established markets, you may not be eligible for this visa.
The following are the documents required for the application of a visa for Hong Kong, depending on the type of visa you are applying for:
Work Visa
- Your recent photograph
- Proof of your abroad address.
- Valid documents for travel, such as a passport
- A copy of your academic credentials.
- Copy of your job contract and letter of appointment from your employer.
- Documents concerning the background of the company where you are hired, their services, and products/operations.
Student Visa
- Your recent photograph
- Letter of acceptance from the Hong Kong Education Institute.
- A duplicate of your ID card from that institution.
- Valid documents for travel, such as a passport
- Copy or evidence of your Hong Kong accommodation.
- Copies or proof of your financial stability, such as bank statements.
- Test scores, such as IELTS or TOEFL
- If you are under 18, you must have a guardian or sponsor, as well as a consent document signed by both of your parents.
Investment Visa
- Your recent photograph
- Valid documents for travel, such as a passport
- Copy or evidence of your Hong Kong accommodation.
- Copies or proof of your financial stability, such as bank statements.
- Proof of your abroad address.
- A complete two-year business plan outlining all of your planned business operations, investment finance, potential job creation in Hong Kong, the establishment of warehouses or offices in Hong Kong, and all necessary documentation.
- A copy of your Business Registration Certificate for the registration of your business or firm.
We, at ISS, think that client pleasure is the only way to succeed.
| Type of Visa | Fees |
|---|---|
| Work visa | HKD 190 |
| Student visa | HKD 190 |
| Investment visa | HKD 190 |
The following is the process for applying for a visa to Hong Kong:
– The first step is to decide the type of visa you require for your migration to Hong Kong.
– Once you’ve determined that, you’ll need to obtain the visa application form online or at the office.
– Read the form and requirements at least twice before entering any information.
– Carefully fill out the application form and double-check all of your entries.
– Attach all of the relevant documentation.
[Note: If the documents are in a language other than English or Chinese, the applicant must get them translated and attach the translated version to the visa application.]
– Fill out the consent form [if any] and attach it to your application.
– If you have a spouse or children under the age of 18, you must also complete their visa form as part of the dependent visa.
– Complete the application and pay all fees associated with the form and service.
– Wait for the results [Note: You can follow the status of your visa application if you like], which could arrive within 4 to 8 weeks of submission.
Cost of Relocating to Hong Kong
When moving to Hong Kong, the cost of relocation will include visa fees, travel expenses, the cost of a Hong Kong mover, and much more. It also depends on your specifications. However, the following are some of the usual costs you might expect to cover while moving to Hong Kong.
| Type of Expense | Cost on Average |
|---|---|
| Visa | HKD 190 per person |
| Accommodation [3-bed apartment, not including deposits taxes and fees] | HKD 45,000 per month |
| School | HKD 106,500 per year + HKD 10,000 deposit |
| Pet registration [you can contact us for pet relocation to Hong Kong] | HKD 432 + HKD 102 for every additional pet |
Housing and Warehousing in Hong Kong
Hong Kong is one of the world’s most developed economies, although it is far cheaper than the other major economies. Nonetheless, finding suitable housing within your budget might be challenging for expats. If you have not decided on a property before moving, we can arrange warehousing in Hong Kong for your possessions.
Housing costs and bills in Hong Kong vary according on the size and location of your residence. If you’re looking for a three-bedroom apartment, the monthly rent can easily exceed HKD 100,000 in upscale neighborhoods. However, if you are seeking for economical accommodation, you can locate a great property for under HKD 30,000.
Mid-Levels in Hong Kong are popular among expats with young children because of their accessibility to schools and other expat communities. Discovery Bay is another one of these areas. You may easily locate housing in these locations for roughly HKD 40,000 to 50,000 per month for a three-bedroom apartment.
The prices listed do not include rent deposits, management fees, or any taxes. If you have yet to find lodgings, we can assist you in storing your stuff in Hong Kong storage units.
For a better understanding, consider the following table:
| Type of Apartment | Cost on Average |
|---|---|
| Studio apartment | HKD 10,000 – 15,000 |
| One-bed apartment | HKD 12,000 – 20,000 |
| Two-bed apartment | HKD 20,000 – 30,000 |
| Three-bed apartment | HKD 30,000 – 50,000 |
| Buying a one-bed apartment | HKD 5,000,000 – 8,000,000 |
| Buying a two-bed apartment | HKD 6,500,000 – 10,000,000 |
| Buying a three-bed apartment | HKD 11,200,000 – 36,000,000 |
| Buying a home | HKD 10,000,000 – 90,000,000 |
HealthCare System In Hong Kong
Hong Kong boasts world-class healthcare services and healthcare advancement has progressed significantly. In 2018, Hong Kong ranked #1 in the global Bloomberg Health-Efficiency Index. Given that this occurred before the pandemic, it is safe to assume they have only grown larger.
One good news for those foreigners considering relocating to Hong Kong is that the city’s healthcare system provides rebates. This means that anyone with a Hong Kong smart ID card can use these facilities for free or for a little cost. Residents and non-residents can both use this smart card.
Dentistry is not covered by this subsidy system, however, you should buy insurance because it can be quite expensive.
Taxation In Hong Kong
Hong Kong’s tax rules are relatively lower than those of other wealthy countries. The income taxes imposed on workers in Hong Kong are separated into two categories:
Progressive rates range from 2% to 17% for workers earning more than HKD 135,000 annually.
A typical rate of 15 percent
You must pay for one of these categories, whichever is lower. You must conduct your tax assessment and the whole tax can be paid in two installments: in January and April.
Education In Hong Kong
If you are taking your children to Hong Kong as dependents, you will need not only movers in Hong Kong, but also knowledge of the education system. To enroll your child in a good school, anticipate to pay roughly HKD 106,500 each year (Primary Years 1-2), plus a HKD 10,000 deposit.
Work Market In Hong Kong
Once you’ve moved into your new home with the help of international movers in Hong Kong, you should look for a job.
What is the work market like in Hong Kong?
As a commercial and industrial hub, Hong Kong has plenty of career opportunities for both residents and expats.
Expat salary expectations
If you have a few years of job experience, you may expect a decent wage in Hong Kong. The minimum wage on the island is HKD 37.5, although the average salary is significantly higher, at HKD 19,000 for men and HKD 15000 for women.
Best Cities To Live In Hong Kong
Here are some of the nicest places to live in Hong Kong:
Mid-Levels
Mid-levels are Hong Kong’s most desirable neighborhood. It is organized into three distinct areas, each with its own characteristics. This region has the most spacious flats and is conveniently located near several of Hong Kong’s top international schools.
The Peak
The Peak is Hong Kong’s second-best neighborhood to reside. This region contains a variety of residences and is close to hiking trails. Summers in Hong Kong can be tough, but the temperature at The Peak is quite mild.
Pok Fu Lam
Pok Fu Lam ranks third in Hong Kong’s greatest areas. It is one of the oldest areas, situated in the western corner. It is conveniently located between the beaches and the central station, ensuring you do not miss out on any of Hong Kong’s attractions.
Have Any Questions?
What relocation services does ISS offer in Hong Kong?
Can ISS assist with immigration processes for moving to Hong Kong?
How do I ensure the safety of my belongings during the move with ISS in Hong Kong?
Is it possible to track the progress of my relocation with ISS in Hong Kong?
What sets ISS apart from other relocation companies in Hong Kong?
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