What do I need to know before retiring in China?
When we asked people what advice they would give someone preparing to move to China, they said...
"Lousy weather - cold, windy winters and very polluted. Hot sticky summers. Little to do aside from eating out and shopping malls. However, there is an airport close by and a train station - and Beijing is 2 hours away," mentioned another expat when asked about moving to Tianjin, China.
"Before retiring in China, expats should ensure that they understand applicable visa requirements for long-term residency and have the correct documents in order. It is also important to learn about the language and culture of the country as well as insurance for health and other risks, and the availability of bank accounts and international investments. Additionally, expats should research the local cost of living to determine what expenses are involved in living in China. Furthermore, expats must also be aware of any tax liabilities associated with retiring in the country," commented one expat who made the move to China.
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SJB GlobalSJB-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. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Other Questions:
- What do I need to know before moving to China?
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What do I need to know before retiring in China?
If you live in China, newcomers to China would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.