Opportunities with a work visa in Hong Kong. Analysis of types and prospects for employment
Hong Kong is one of the largest financial centres not only in Asia but in the entire world. The open market economy, ideal infrastructure, high standard of living, high-quality health care system, safety, and many other positive factors attract a large number of foreigners to this region, including to find a job in Hong Kong.
Of course, there are some not-so-pleasant moments for labour migration to Hong Kong. For example, the exorbitant accommodation prices in Hong Kong, the language barrier (about 90% of the locals communicate mostly in the Cantonese dialect), the hectic pace of life, and high competition in the labour market. Nevertheless, employment in Hong Kong is a good opportunity to migrate and stay in Asia forever.
Features of employment in Hong Kong
Hong Kong has one of the purest capitalist economies in the world. The territory's economy is based on a free market, low taxation, and government non-interference in the economy.
Hong Kong is a freely convertible Hong Kong dollar, which has been pegged to the U.S. dollar since 1983. Continuing the policy of the British administration, the Hong Kong government prioritizes the free market and the private sector in managing the economy. Singapore's economy depends on product exports, especially in areas such as consumer electronics, information technology, pharmaceuticals, and financial services. Multinational corporations play an important role in the economy. Singapore is attracting large investments in pharmaceuticals and medical manufacturing and will continue efforts to develop Singapore as a financial and high-tech centre in Southeast Asia.