Lots of interesting stuff here.
Originally posted by drjoker at 3/2/08 05:41
Since it is an island ...
Well, that's news to the millions of us living in Kowlloon and the New Territories.
almost everybody is in international trade making foreign-earned income. ...
I don't actually know what the percentages are but I am certain this description doesn't fit the vast majority of people living in HK.
There are also lots of retirees in HK, too. Retirees who live off their investments ...
Nobody in their right mind would come to HK to retire - it's way too expensive - people leave when they retire, unless they have family here.
the HK currency is undervalued. This means that your foreign dollars go a long way here. . ...
I've no idea what that means. Financial gobbledegook by the sound of it. I assume your talking about Australian dollars or Canadian dollars - anything but USdollars.
However, rents are relatively low ...
Are you out of your mind? Rents are horrendous and going up.
If you have more than 1 million dollars to invest in HK, they'll give you an HK passport and you'll be eligible for free government health care....
Who the hell wants a HK passport? All the locals want a foreign passport. And you don't need a HK passport to be eligible for the [almost] free health care - you just need to be a permanent resident. I tried the government health care with my bad knee - they made an appointment with a specialist - dated one year later. Since I can't work without 2 good knees I went private and had the operation within 1-week. Excellent treatment, but very, very expensive. Next time, I'll go to India for the operation. Don't come unless you have great health insurance.
Unless you want to start your own business or retire, stay away....
Retire - forget it. Own business - depends what it is. Competition is fierce.
drjoker - I hope your business is not advising people about HK because I don't think you know what you're talking about. Do you even live here?
clitty is correct - the best way to come to HK is on an expat contract. Except for the ... "plenty of cheap labour to exploit". That's China bro - not Hong Kong.