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Orient Expat Friends
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  • Posts

    • Moving to Hong Kong with baby
      By cheesindave · Posted
      My advice is come here yourself and have a good look around. Or when you arrive stay in a serviced apartment at first and then have a good look around for an apartment/house until you find something you like. You'll probably find homes here are quite different to the US. Personally I prefer living in the New Territories as I prefer a quieter life in a rural village. As Mars said Stanley is nice, but very expensive. Also if you are travelling through Aberdeen tunnel regularly it quickly becomes a pain. You generally get a lot more for your money in the New Territories, if travelling to HK Island is not an issue I'd look at places like Sai Kung/Clearwater Bay. It really depends on what you are looking for and what your budget will be.
    • If I set up a company in Hong Kong can I get a residence permit?
      By cheesindave · Posted
      Incorrect, the Capital Investment Visa scheme no longer exists in Hong Kong and the minimum investment was HK$10 million. http://www.immd.gov.hk/eng/services/visas/capital_investment_entrant_scheme.html For an investment visa, whilst there is no official minimum investment you must prove that the applicant is in a position to make substantial contribution to the economy of the HKSAR.  http://www.immd.gov.hk/eng/services/visas/investment.html It is well known in the business community here that the financial investment is a minimum of HK$7 million to obtain an Investment Visa (even though the gov do state no minimum investment) and show that you are going to be hiring locals and contributing substantially to the local economy. (ie HK$7m) I know this as fact as I looked into the process with lawyers when I was setting up a company in HK. I also have a number of friends running various businesses in HK. Unless you have a good deal of money to invest it is anything but simple for someone without HKID to set up and work for their company in HK.
    • Registering an overseas marriage to protect spouse's assets if you die
      By kamikaze · Posted
      The thing is, if the husband registers the marriage, the spouse doesn't lose her rights as a wife the day he dies. In practice it may be difficult for her to get immovable assets in the husband's home country, but her rights to pensions are at least protected. In Thailand, individuals cannot set up a trust.
    • Registering an overseas marriage to protect spouse's assets if you die
      By Stocky · Posted
      Another option.
    • Registering an overseas marriage to protect spouse's assets if you die
      By hesaidshesaid · Posted
      FYI.  I don't know how the legal system works in different countries but you may want to look into setting up a trust versus a will in case of death.  In the U.S., a trust allows you to bypass probate court and therefore avoid some costs and taxes.  I would consult an attorney or do some research online.  A trust is a little costlier to set up but may be a savings in the long run.