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

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

"Clearwater Bay is a popular destination for expats retiring in Hong Kong due to its beautiful beaches, hiking trails, and golf courses. Before making the move, there are several things to consider. Firstly, the cost of living in Clearwater Bay is relatively high, with housing being the most significant expense. Expats should be prepared for this and plan their retirement funds accordingly. Secondly, while English is widely spoken in Hong Kong, Cantonese is the primary language in Clearwater Bay. It might be beneficial to learn some basic phrases to help with daily interactions. Thirdly, healthcare in Hong Kong is of a high standard, but it can be expensive. Expats should ensure they have comprehensive health insurance to cover any potential medical costs. Fourthly, Hong Kong has a subtropical climate, with hot, humid summers and mild, dry winters. Expats from cooler climates may need time to adjust to the heat and humidity. Fifthly, Hong Kong's tax system is relatively straightforward, with low personal income tax rates. However, it's advisable to seek professional advice to understand any potential tax obligations in both Hong Kong and your home country. Lastly, while Clearwater Bay is less bustling than central Hong Kong, it's still a busy and vibrant place. Expats should be prepared for a lifestyle change and be open to embracing a new culture and way of life," remarked another expat who made the move to Clearwater Bay, Hong Kong.

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Where should I setup a bank account in Clearwater Bay?

If you live in Clearwater Bay, newcomers to Clearwater 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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