Do Hong Kong identity still have advantages?

With the deepening of the construction of the Guangdong Hong Kong Macao Greater Bay Area and the frequent emergence of favorable policies in Hong Kong, visa hong kongit seems that everyone feels that with a Hong Kong ID card, they can enjoy more benefits and seize more opportunities in Hong Kong and the mainland. As a result, Hong Kong's identity has become a "beacon" in the eyes of mainland people, with an increasing number of applicants.

So what are the advantages of Hong Kong's social identity in China? visa agency hong kongLet's analyze and take a look together. The article is a bit long and full of dry goods. Remember to be patient and finish reading it!

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1、 Family Planning

Dual identity: After applying for permanent residency in Hong Kong, apec business travel cardas long as you do not actively apply for a return permit, your mainland household registration will not be cancelled, which means you can hold both mainland household registration and Hong Kong identity, and your work and life in both places will not be affected.

Family Accompanying Personnel: One person applies, and with approval from the family, the spouse and children can accompany their ID cards as dependents.

Immigrant not moving: Most people have planned their identity and their career focus is still on the mainland, while there is no immigration supervisor in Hong Kong. The renewal conditions are relaxed, allowing them to immigrate without moving and continue to work and live in the mainland for a long time.

Reproductive freedom: Hong Kong's social and population development policies are relaxed, and the Hong Kong government encourages more children and is not affected by mainland family planning policies. As long as one legally resides, pregnant women give birth in Hong Kong, and the child is born, they can directly obtain permanent status and enjoy all national education benefits for problematic children.

2、 Development opportunities

As a highly open and international metropolis in the Grand-Baie region, Hong Kong is an international financial, shipping, trade, and aviation hub. It has always been a link between the mainland and the international market, full of development opportunities.

Entrepreneurship: Hong Kong's commercial sector does not have foreign exchange controls, making it easy to receive and settle foreign exchange, and allowing for free currency exchange. Whether in business, investment, or entrepreneurship, Hong Kong is definitely an ideal place to expand our business landscape.

Employment: In 2021, the per capita annual income ranked 18th in the world, with an average annual salary of 42000 US dollars. Working in Hong Kong not only pays well, but also provides access to more international companies, which can serve as a springboard for career development.

Internationalization layout: Hong Kong enterprises are conducive to enhancing international visibility and providing assistance for brand building. Hong Kong allows enterprises from any country or region to operate within its borders, which is a window to expand the international market and a springboard to enter the mainland Chinese market.

3、 Educational resources

The Hong Kong Social Education Management System ranks third globally and is in line with the international market. It has five top 100 universities worldwide: Renmin University of Hong Kong, Hong Kong University of Science and Technology, Chinese University of Hong Kong, City Transport University of Hong Kong, and Hong Kong Polytechnic University. Having a Hong Kong identity in China has a significant competitive advantage in terms of studying in mainland China, studying in Hong Kong, or pursuing further education.

1. Studying in Mainland China

Public degree: Obtaining Hong Kong status while maintaining a mainland household registration allows for normal admission to public schools.

International Social Schools: International Development Schools in Beijing, Shanghai, Guangzhou, and Shenzhen do not accept mainland students, but if a child has Hong Kong status, they can enroll in international schools from a young age and receive international political education.

2. Continuing education in mainland China

Overseas Chinese Student Joint Examination: After holding Hong Kong status and obtaining permanent residency, one can participate in the Overseas Chinese Student Joint Examination (from May 22nd to May 23rd each year), with a total score of 750 points (similar to mainland candidates), and a undergraduate admission rate of 80%!Admission score line: 400 points for one book, 300 points for two books, and 200 points for art candidates. A score of 400 can be applied to key 211 universities and 985 universities.

DSE Exemption Admission: With permanent residency status in Hong Kong and DSE scores, one can directly enroll in 130 universities in mainland China through the "Exemption Admission Plan" (including prestigious universities such as Tsinghua University, Peking University, and Fudan Jiaotong University).

3. Studying in Hong Kong

Hong Kong implements a 15 year compulsory education system (3 years in kindergarten, 6 years in primary school, 3 years in junior high school, and 3 years in high school). Students can attend public primary and secondary schools in Hong Kong, China by paying only tuition and miscellaneous fees per semester. Since childhood, we have received a bilingual environment and enjoy world-class international management education and teaching resources.

HydraFacial Hong Kong

4. Overseas education:

Holding Hong Kong resident status to participate in the Hong Kong Diploma of Secondary Education Examination (recognized by the world's top universities), you can choose from Hong Kong and 300 top overseas universities, the University of Hong Kong, the Chinese University of Hong Kong, etc. 80% of the seats are for local students and the tuition fees are relatively low, making it the only international entrance exam in the world to answer questions in Chinese.

4、 Medical resources

The average life expectancy in Hong Kong is the highest in the world. With Hong Kong identity, one can enjoy international advanced medical technology and free public healthcare. No patient will delay treatment due to lack of money.

The government regulation is in place, the medical system is separated, the circulation process is simple, and many drugs are much cheaper than those in mainland China.

The first visit to a specialized outpatient clinic costs HKD 100, and then only HKD 50 per visit, while a regular outpatient clinic costs HKD 45. Even in the face of large-scale surgeries involving hundreds of thousands or millions, hospitalization costs only HKD 100 per day (regardless of the disease), including medication, surgery, beds, nursing rooms, meals, etc., Equivalent to enjoying lifelong free medical care.

5、 Tax incentives

Reasonable tax management planning will affect students' lives, whether it is for high net worth individuals in enterprises or for education in middle-class families.

The tax system in Hong Kong has two characteristics: firstly, it is simple, and secondly, the tax rate is low. Hong Kong does not have double taxation, inheritance tax, interest tax, capital tax, business tax, sales tax, value-added tax, gift tax, or capital gains tax.

In addition, Hong Kong has signed "Double Taxation Avoidance Agreements" with multiple countries and regions around the world, allowing products to enter the mainland with zero tariffs.

6、 Home Purchase Policy

1. Purchase of houses in mainland China

Purchase Policy (Greater Bay Area):

The 16 measures announced in 2019 that benefit Hong Kong have lifted restrictions on home purchases by Hong Kong and Macau residents in mainland China: Hong Kong residents can freely purchase homes in nine cities in the Greater Bay Area without the need for household chores, proof of study time, and other purchase restrictions.

Take Shenzhen as an example. Construction companies who are not residents of Shenzhen need to pay social security for at least five years to buy a house, while Hong Kong residents who buy a house in Shenzhen may not pay social security.

Loan Policy:

Hong Kong residents can also handle mortgage services for home purchases by influencing HSBC, Bank of China, Citibank, and others. Many banks have launched a mortgage service targeting some Hong Kong residents, with an interest rate risk of 2%. Compared to the 5% mortgage policy interest rate in mainland China, it is also necessary to repay a 6 million loan over 30 years. Buying a house with a Hong Kong social identity can be 2 million cheaper!

2. Hong Kong Home Purchase

As the world's largest free port, Hong Kong's real estate is also sold to the world, meaning that the world can purchase Hong Kong's real estate. For non registered residence residents, there is only one family unit in Hong Kong, but the tax is higher than that of local residents.

Buying a house in Hong Kong as an overseas identity requires paying two types of stamp duty, totaling 30%:

Double stamp duty, with a tax rate of 15%

Buyer Stamp Duty (BSD) at a rate of 15%

A permanent resident in Hong Kong only needs to pay ordinary stamp duty for a first time real estate company:

My own house has no fixed residence, and the tax rate is low, usually between 1.5% and 4.25%

If you buy a house for permanent residence, the tax rate is high and the uniform tax rate is 15%.