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Where should I setup a bank account in Lantau Island?

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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," mentioned another expat when asked about moving to Lantau Island, Hong Kong.

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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.


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Allianz CareAllianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

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William Russell
William Russell

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