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Asia's New Tax-Friendly Residence Program

2024-02-24 Education
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Nomad Capitalist
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Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Get on the waiting list and join us for the next Nomad Capitalist Live: https://nomadcapitalist.com/live/ The Hong Kong Government’s budget for the 2023/24 fiscal year has announced the reintroduction of the Capital Investment Entrant Scheme (CIES) as a measure to attract new capital in the city. It is not yet clear whether the scheme will be introduced with the same criteria of the previous one, suspended in January 2015 due to concerns about the impact on Hong Kong’s property market, or if there are going to be major changes. From investment opportunities to tax benefits, learn why Hong Kong's CIES could be your gateway to a tax-efficient lifestyle in the heart of Asia. 00:00 Start 00:13 Hong Kong's Residence Program 1:30 Shifts in Residency Options in Asia 3:52 Reintroduction of the CIES 5:45 Potential Benefits and Drawbacks 9:15 Investment Options 11:05 Comparison with Other Residency Programs Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best." Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home. Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far. If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Top Comments (10)

@rayversen 2024-02-24

Never wise to put your money in place where people are running away from

139 3 replies
@azureone78 2024-02-24

The fact that they're bringing this back smacks of desperation. Hong Kong used to be one of the greatest cities on earth until the communists wrecked it. With the new National Security Law, I would question how safe my money would be there. I'd rather not entrust it to the tender mercies of the CCP, especially when you have the safety of Singapore so close by.

76 3 replies
@fgafootball 2024-02-24

Most running away from HK mostly to UK if they can. Has nothing to offer for lifestyle either, its ok for a weekend there, but not to live. Singapore even though very expensive or even Malaysia much better.

64 16 replies
@R._L. 2024-02-24

Thinking Andrew may be a bit nostalgic about the good old days. Under the new regime, Hong Kong appeared to simply have changed, retaining only the shell of its former glory. That said, the information is appreciated. Perhaps as part of a possible, well-structured, plan F...

64 2 replies
@Technoanima 2024-02-24

Would you accept Citizenship program by Cuba? Oh hell. No.

48 2 replies
@Milkshakespear0 2024-02-24

As much as I love china and these chinese culture I am a bit wary when it comes about money and withdrawing your money out of China.

41 1 replies
@raul0ca 2024-02-24

Anything that can be rolled out quickly can be rolled back even more quickly. These things are traps for suckers with money

14 1 replies
@makeyoufamoushongkong285 2024-02-24

The largest non-war / non-famine related mass migration in recent times. Including my extended family and myself. Those who must remain have ‘migrated’ their assets and hold contingency passports. Great for money laundering though, lots of shady Russians / North Korean / Myanmar / Iranians moving in these days. Interesting neighbours for sure.

11
@Tee55118 2024-03-08

Fascinating look at risk/benefit analysis on a noteworthy player in international capitalism.

2
@orionvassi 2024-02-25

Stayed in HK for a month a few years back. It was pretty cool but I'd only want to live there if I had tons of money.

2

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