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To: elmatador who wrote (28606)	2/9/2003 8:17:09 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Elmat, <<How the taxman treats a foreigner (expat type person) opening one of those accounts?>> There are no taxes in Hong Kong for interest, dividend, capital gains, and offshore (non-HK) generated income. The better banks sometimes require a letter from an "introducer" (existing client) before taking a new depositor. Otherwise all you need is to bring along your passport and initial deposit of USD 250 or equivalent in any acceptable currency. We are free, do not care much for rights, and we believe in capitalism, of the pure variety, without safety nets :0) Chugs, Jay