Offer in Hong Kong

New / Consultant
uboot

New Consultant

PRE
Sohonet
ubootmore
Feb 28 17 Comments

Hello

I joined my current company ~12 months ago, largely for the potential opportunity of a role opening in Hong Kong. As it turns out, the role came through (previous offers of a transfer internally fell through at a previous company), and the offer arrived in my inbox this week.

I feel like there are potentially many areas that I’m not appreciating about emigrating from the UK to Hong Kong and I had a few questions:

Legal – who would you go to, to have a contract reviewed? Peers/google hits have mentioned Expat Contracts, but I’m unsure as to what these are, or how they may be different.
Offer – Seems reasonable, but due to my industry is hard to compare. I work in computer / network security (penetration testing) and would be team lead for the APAC region, mentoring/line managing a small group initially. Broadly: -
Salary ~800k hkd
Housing - ~200,000 per annum, reducing by a 1/3 each year.
Benefits – health, dental, pension, etc, for me and my partner

If anyone is in a similar industry, can you share a view on the above?

Visa – covers work for both my partner and I
Pension – can this be transferred back to the UK if needed?

The offer is currently a promotion, but with my APR in the near future, could be a transfer. If it’s the former, would expectations around increases in salary necessarily map to the HK offer, or should they be viewed independently.

Those of you who have made similar moves, where did you start to get a fuller understanding of what would be required.

Thanks for any insights.

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TOP 17 Comments
  • Expedia / Eng hnAy18
    How much are you making in the UK?
    Your salary is kinda 1M HKD with the housing. 200k can get you a nice 200sqft studio in the central. Are you ready for that?
    Also be prepared for 100 HKD lunches
    Feb 28 10
    • Expedia / Eng hnAy18
      No i literally mean 200sqft. Rent in HK is one of the most expensive per sqft. The buildings are old too.
      Feb 28
    • Expedia / Eng hnAy18
      Is it about the same pre tax or post tax? Only advantage of HK is income tax is low.
      Feb 28
    • New / Consultant
      uboot

      New Consultant

      PRE
      Sohonet
      ubootmore
      OP
      Yes. I understand about the housing prices. Maybe I don’t appreciate the extremities of it. The 200k is what the company pays, we were expecting to add to it, and were not to concerned about living on the island, although that would be nice. Kennedy town starting at about 3500 per month looked ok also.
      Feb 28
    • New / Consultant
      uboot

      New Consultant

      PRE
      Sohonet
      ubootmore
      OP
      It’s about the same before tax. In the U.K. about 40% is removed in taxation, I believe it’s closer to 10 in hk
      Feb 28
    • New / Consultant
      uboot

      New Consultant

      PRE
      Sohonet
      ubootmore
      OP
      Thanks for the replies
      Mar 1
  • Hortonworks
    Sb7Kz8w

    Hortonworks

    PRE
    VersionOne
    Sb7Kz8wmore
    Do you speak Cantonese or mandarin? Otherwise I wouldn’t move there. I also think 800k is low for HK. But I would take it if I had a chance to move to hk to work for 1-2 years just for fun.
    Feb 28 1
    • New / Consultant
      uboot

      New Consultant

      PRE
      Sohonet
      ubootmore
      OP
      We only speak English unfortunately. Yes, we are viewing it as a short term visit, maybe 3 years at the most, then onto a new challenge.
      Feb 28
  • Oscar 🐨koala
    800k in hk is pretty low. But if you like it... it’s a “standard” for IT folks.
    Feb 28 1
    • Expedia / Eng hnAy18
      It's not low. 65k HKD per month is max market rate for ebgineers
      Feb 28
  • Ericsson / Consultant
    Tjilolo

    Ericsson Consultant

    PRE
    Akamai Technologies, Ericsson
    Tjilolomore
    I am living from Hong Kong with 3 years, 800K + house is not the very good package, but it is a better offer for the industry which I am working with as well. 200k per month could be used for renting 2 bedrooms flat from TKO where there are better environment. Feel free to ask me more questions via insightv@me.com
    Sep 9 0
  • Trustwave BjMD36
    Whats your yoe? The offer is pretty good if you have less than 5yoe. Renting a one bedroom in hong kong probably cost you 15k per month (300sqft). If you are single then you will live comfortably with that kind of money.
    Apr 9 0