Expat Exchange
Free MembershipSign In

Where should I setup a bank account in Lantau Island?

Answer this Question

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

"Expats considering retirement in Lantau Island should be aware of several key factors. Firstly, the cost of living in Hong Kong is high, with housing being particularly expensive. Therefore, it's important to have a solid financial plan in place before making the move. Secondly, healthcare in Hong Kong is of a high standard, but it can be costly. Expats should ensure they have comprehensive health insurance to cover any medical expenses. Thirdly, while English is widely spoken in Hong Kong, Cantonese is the main language. Learning some basic Cantonese phrases can be beneficial, especially when dealing with local businesses or services. Fourthly, Hong Kong has a subtropical climate, with hot, humid summers and mild 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 residents taxed at a progressive rate on their income. However, it's advisable to seek professional advice to understand the tax implications of retiring in Hong Kong. Lastly, Lantau Island is known for its natural beauty and outdoor activities, but it's also close to the hustle and bustle of Hong Kong city. Expats should be prepared for a lifestyle that combines tranquil island living with the convenience and excitement of a major city," remarked another expat in Lantau Island, Hong Kong.

Other Questions:

Where should I setup a bank account in Lantau Island?

If you live in Lantau Island, newcomers to Lantau Island 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

AGS Worldwide Movers
AGS Worldwide Movers

Copyright 1997-2025 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides