Where should I setup a bank account in Lantau Island?
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," said another expat in Lantau Island, Hong Kong.
Other Questions:
- What do I need to know before retiring in Lantau Island?
- What do I need to know before moving to Lantau Island?
- How do I find a place to live in Lantau Island?
- What is a typical expat home or apartment like in Lantau Island?
- What is the average cost of housing in Lantau Island?
- How do I meet people in Lantau Island?
- What should I pack when moving to Lantau Island?
- Where should I setup a bank account in Lantau Island?
- Will I be able to find a job in Lantau Island?
- What is life like in Lantau Island?
- What do people like (and dislike) about Lantau Island?
- What type of social life can someone expect in Lantau Island?
- What is the social scene like in Lantau Island?
- What advice to expats in Lantau Island have about housing?
- What are medical services in Lantau Island like?
- Are healthcare and health insurance expensive in Lantau Island?
- Is the cost of living in Lantau Island high?
- What are the visa & residency requirements in Lantau Island?
- Why do people move to Lantau Island?
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.