Reminding them is mayhem smi(&%
Yes all. You will need to renew after two years.
Just rent a property, you don't have to buy it, or get a mortgage 🙂jafo said:
Even now, after the massive rains and flooding? 🙄
I agree 100%! I love Hong Kong, too, because it's so close to Shenzhen (+/-15 minutes). The only negative aspect of Hong Kong is the overinflated real estate prices. It's impossible to justify throwing a few million into non-productive assets like this one: https://www.sothebysrealty.com/eng/...-tsftv4/12-fu-kong-shan-road-lantau-island-hk. stupi#21
The worst? From my understanding, we do NOT get a right to live there year-round (residency?) by buying a property that +99.99% of Hongkongers can't afford. Ponder on that for a minute. Hong Kong (and other dastardly countries) allow foreigners to purchase property, but the foreigner can't (legally?) stay there for more than +/-180 days. In essence, the foreigner is charged a +100% "tax" on the property compared to locals. stupi#21
This is madness! 😱
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What do you want the visa for? If you don't want to pay taxes there, your probably won't need it more than once.JustAnotherNomad said:
Seems like it's not possible to renew? You would have to get a different type of visa, so basically have to get a local job or start a local company in HK?
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For that you need to spend time there and pay tax there. Also the use of such certificate is normally highly limited as we discussed earlier in another thread. It merely states that you pay tax there but this does not imply that another country cannot tax you as well.JustAnotherNomad said:
Would be nice to be able to get a tax residency certificate.
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daniels27 said:
It merely states that you pay tax there but this does not imply that another country cannot tax you as well.
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There was a rule change for companies. For individuals, I am not sure.JustAnotherNomad said:
I think you mentioned earlier that being resident would be sufficient for this? Many countries (especially high-tax countries) automatically consider you tax resident under national law once you are formally resident.
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Yes, very very limited. Because the other treaty state can and will challenge the certificate if there is money involved.JustAnotherNomad said:
True, but if there is a tax treaty, it would offer some degree of protection.
In the case of HK, it seems like they don't have a national concept of tax residency - it's only relevant in the context of tax treaties.
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