Hong Kong Draws Back Expats With 15% Tax Rate and Finance Jobs

1 articles · Updated · Bloomberg · Aug 6

Hong Kong is attracting expatriates back after its Covid-era outflow, with returnees citing stronger hiring, a faster pace of life and lower taxes.
15% salaries tax and no levy on investment gains or dividends have sharpened the city’s appeal against rivals, including Amsterdam, where one returnee said bonuses were taxed at 50%.
Finance and related professional roles are a key pull factor, reviving one of Hong Kong’s traditional advantages as global banks and funds keep major operations there.
Middle East conflict has also made alternatives such as Dubai less attractive for some expats, adding to Hong Kong’s draw as it tries to rebuild its international talent base.