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Repulse Bay, Hong Kong | Where should I setup a bank account in Repulse Bay? | Expat Exchange
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Where should I setup a bank account in Repulse Bay?

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We asked expats in Repulse Bay what banks they use and there advice about banking. They advised...

"Expats considering retirement in Repulse Bay should be aware that it is one of the most expensive areas in Hong Kong, known for its luxury residential properties. The cost of living is high, including groceries, dining, and healthcare. The official language is Cantonese, but English is widely spoken due to the high expat population. The healthcare system in Hong Kong is excellent, with both public and private options available. However, private healthcare can be expensive, so it's advisable to have comprehensive health insurance. Repulse Bay is known for its beautiful beach, making it a popular spot for both locals and tourists. It's also home to a number of high-end restaurants and shops. Public transportation in Hong Kong is efficient and reliable, with options including buses, trams, and the MTR (Mass Transit Railway). Taxis are also readily available. Hong Kong has a subtropical climate, with hot, humid summers and mild, dry winters. Typhoons can occur between May and November. Hong Kong's tax system is relatively straightforward, with low personal income tax rates. However, it's recommended to seek advice from a tax professional to understand potential liabilities. Hong Kong is a safe city with a low crime rate, but like any major city, it's important to take standard precautions. Finally, while Hong Kong is politically part of China, it operates under a "one country, two systems" principle, which means it has its own legal system and more freedoms than mainland China. However, recent political tensions have led to protests and changes in the city's autonomy, which could impact the expat experience," said another expat in Repulse Bay, Hong Kong.

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Where should I setup a bank account in Repulse Bay?

If you live in Repulse Bay, newcomers to Repulse Bay would love to hear your answer to this question.


SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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William Russell
William Russell

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