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There are no legal restrictions on capital flows to and from Hong Kong.
The easiest way is transfer money to Hong Kong is to have a Hong Kong bank account opened, and then to proceed with an international bank transfer. Alternatively, you can withdraw money from a cash dispenser in Hong Kong, or send a cheque to have it cleared in Hong Kong. This latter option can be lengthier though (up to several weeks), and your home country bank may restrict you from doing this.
Your bank is likely to charge you for transfers to a Hong Kong account and international cheques, although fees may vary. You might wish to check the applicable charges and restrictions at your bank.
Alternatively, you can use the services of a money transfer company. This can be helpful if you do not have a Hong Kong bank account yet. To save money, you can also use a price comparison website specialised in money transfers. Typically, your charges are largely passed on to the applicable foreign exchange rate. See Foreign Exchange for Expats in Hong Kong.
Hong Kong may be viewed as a tax haven by your home country. Therefore, you might wish to check if your home country has any restrictions or controls on money transfers to Hong Kong.
Sections in FINANCIAL CONSIDERATIONS IN HONG KONG:
» Money Transfers for Expats in Hong Kong
» Foreign Exchange for Expats in Hong Kong
» Banking for Expats in Hong Kong
» Pensions for Expats in Hong Kong
» Investment for Expats in Hong Kong
» Wealth Management for Expats in Hong Kong
» Property Investment for Expats in Hong Kong
» Insurance for Expats in Hong Kong
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If you are considering moving to Hong Kong or are soon to depart, you can find helpful information and advice in the Expat Briefing dedicated Hong Kong section including; details of immigration and visas, Hong Kong forums, Hong Kong event listings and service providers in Hong Kong.
From your safety to shopping, living in Hong Kong can yield great benefits as well as occasional drawbacks. Find your feet and stay abreast of the latest developments affecting expats in Hong Kong with relevant news and up-to-date information.
Working in Hong Kong can be rewarding as well as stressful, if you don't plan ahead and fulfill any legal requirements. Find out about visas and passports, owning and operating a company in Hong Kong, and general Hong Kong culture of the labour market.
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