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I originally didn't intend to stay in Hong Kong, but now I've changed my mind. I'm going to stay in Hong Kong for seven years to get permanent residency.
1. I feel that it is no longer safe in mainland China. Mainland China is not a place where private ownership is clearly defined.
2. I hope my next generation will be global citizens, and having a Hong Kong passport will allow them to hold dual citizenship and simultaneously align themselves with both the East and the West.
So I did some research on how to renew my visa, and only after that did I realize that Hong Kong's so-called "Highly Skilled Migrant Admission Scheme" is a program specifically designed to exploit the middle class in mainland China.
Mainland Chinese people generally find it difficult to find jobs in Hong Kong. To find work here, one needs to be fluent in both English and Cantonese, and also have local work experience.
Even if you can find a job, if the salary is less than 50,000, you'll live a life worse than a pig or a dog.
The only way to guarantee contract renewal is through self-employment, which means starting your own company.
What kind of business do we do, or what local projects do we invest in?
The actual cost over seven years is enormous, at least one or two million, which is simply beyond the reach of the middle class.
In addition, living in Hong Kong is a hassle. If I lived on the main island, a 100-square-meter apartment would cost at least 40,000 to 50,000 HKD in rent.
Even if they go to give birth, and the child is born to a Hong Kong resident, they can return to the mainland.
Even if children in mainland China had to attend DSE international schools, it wouldn't be something the middle class could afford.
In conclusion, if you don't have money, don't bother; it's just a waste of money. 👏👏👏
One last question: Is there any crypto exchange/project team that would offer me a job in Hong Kong?!
Overseas passport + Chinese travel document, just wait until you turn 18 before making a choice.
Hong Kong investment immigrants can directly buy BTC/ETH ETFs.
I initially considered getting a dual passport through Hong Kong's talent recruitment program, but then I realized it would take seven years, and it wouldn't be a guaranteed pass, plus I'd have to go to Hong Kong – too much trouble, so I gave up.
It seems more suitable for those studying in Hong Kong, where time flies by.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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