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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (40239)10/26/2003 9:45:20 PM
From: TobagoJack   of 74559
 
Hello Elmat, The sale of residency has moved forward a notch.

Now anyone with HKD 6.5 mm (USD 833k) to invest in a business, blue chip index fund, or apartment in Hong Kong for 5 years can obtain HK residency. The value must be topped up if falls under HKD 6.5 mm upon appliaction in 5 year's time.

Hong Kong's attractions?
Freedom, 15.5% tax on domestic-sourced active income, 0%tax on offshore-sourced active income, and no taxes on domestic/offshore capital gains, dividend and interest income.

Chugs, Jay
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