Money answers for Hong Kong
Each question has a short answer. The link opens the full card, then the official page.
What protects a bank deposit in Hong Kong?
If a Deposit Protection Scheme member bank fails, the scheme pays an eligible deposit up to HK$800,000 for each depositor at that bank, and you do not apply or pay for that cover.
What does a bank ask for to open an account in Hong Kong?
Hong Kong banks do not use one shared checklist to open an account, and each bank sets its own list from its own risk assessment.
How long can opening a bank account take in Hong Kong?
The Hong Kong Monetary Authority says a bank completes customer due diligence before it opens an account, so that it understands the person's background and needs.
When do I file a tax return in Hong Kong?
If the Inland Revenue Department sends you a tax return for individuals, form BIR60, you must complete it and send it back even when you have no income to report.
Who pays rates on a property in Hong Kong?
Rates are a tax on property in Hong Kong, charged every quarter in advance as a percentage of the rateable value of that property.
Does a part-time job in Hong Kong still need MPF?
Enrolment in an MPF scheme does not follow the 468 hours rule in the Employment Ordinance, so the hours worked in a week do not decide it.
Who must join an MPF scheme in Hong Kong?
Except for the people the law lists as exempt, an employee or a self-employed person aged 18 to 64 must join an MPF scheme in Hong Kong.
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Money
Plain answers to everyday money questions, with official links. Not advice.
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