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Hong Kong is renowned for its education quality in Asia. Once your application for residency in Hong Kong through the “Capital Investment Entrant Scheme” is approved, you are eligible to apply for the Hong Kong Identity Card. Your children are then able to receive high quality bilingual education in the highly internationalized environment of Hong Kong. The Hong Kong SAR Government has allocated abundant resources to assist new arrival students. Moreover, school-aged children can enjoy free education for 12 years provided by the Hong Kong SAR Government.
Up to now, there are 13 institutions in Hong Kong which offer higher education, and the degrees they conferred are world recognized. Universities such as the University of Hong Kong, the Chinese University of Hong Kong and the University of Science and Technology are well-known internationally for their distinguished academic standards. A successful family application under the Capital Investment Entrant Scheme (CIES) means your children are eligible to enroll at these qualified universities as a Hong Kong residents, which is an important platform for students to learn and interact in an internationalized way, enabling them to well articulate to overseas universities in the long run.
The taxation system in Hong Kong has two major characteristics: low tax rate, and simple tax structure. There is no location duty, estate duty, interest tax and investment duty. Comparing to other neighboring countries and cities, Hong Kong residents enjoy the lowest tax rate. The Inland Revenue Ordinance provides for the levying of direct tax mainly under three distinct and separate heads, namely Salaries Tax, Profits Tax and Property Tax. The tax burden of Hong Kong residents is in fact very low since there are no sales tax, withholding tax and capital gains tax, while dividend income and individual heritage are also exempted from taxation.