GeographicalArea: 1,104.3 sq. km - Hong Kong comprises Hong KongIsland, Kowloon, the NewTerritories, and numerous small islands.
Terrain and Climate: Hilly to mountainous, with steep slopes and natural harbor, subtropical monsoon; cool and humid in winter, hot and rainy from spring through summer, warm and sunny in fall
Population: 6.96 million (2007)
7,018,636 (July 2008)
Ethnicity: Chinese 95%, Filipino 1.6%, Indonesian 1.3%, other 2.1% (2006 census)
Capital:
Government: limited democracy Type: Special Administrative Region (SAR) of China, with its own constitution (the Basic Law).
Branches: Executive--Administration: Chief Executive selected in March 2007; Executive Council, serving in an advisory role for the Chief Executive. Legislative--Legislative Council (Legco) elected in September 2004. Judicial--Court of Final Appeal is highest court, other lower courts.
Major Languages: Chinese (Cantonese) 89.2% (official), other Chinese dialects 6.4%, English 3.2%
Major Religion: About 43% participate in some form of religious practice. Christian, about 9.6%.
Life Expectancy: 82.4 yrs
Monetary Unit:Hong Kong dollar (HKD)
Exchange Controls and Taxation: Investments are tax-free, but there are some exchange controls and there is taxable corporate income at 16%
Stamp Tax: Stamp duty is charged on some legal binding documents
Main Exports: electrical machinery and appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones, printed material
Compulsory Education: The system features a non-compulsory three-year kindergarten followed by a compulsory six-year primary education, a three-year junior secondary education, a non-compulsory two-year senior secondary education leading to the Hong Kong Certificate of Education Examinations and then a two year advanced course
GDP: $42,000 (2007)
Annual Growth Rate: 6.9%
Major Industry: Restaurants and hotels - 29.0%, finance, insurance, real estate, and business services - 14.3%, manufacturing - 4.2%
Communication: general assessment: modern facilities provide excellent domestic and international services
Number of Banks: Six Major Banks - 133 licensed banks, 39 RLB, and 35 DTC in Hong Kong. Of the 207 authorized institutions (AI), 182 were owned by interests from 30 foreign countries. In addition, there were 84 representative offices of foreign banks - * restricted license banks (RLB) and deposit-taking companies (DTC)
Head of State:chief of state: President of China Hu Jintao (since 15 March 2003) head of government: Chief Executive Donald Tsang (since 24 June 2005)
cabinet: Executive Council consists of 15 official members and 16 non-official members elections: chief executive elected for five-year term by 800-member electoral committee
Radio: AM 5, FM 9,
Television: 55 (2 TV networks, each broadcasting on 2 channels) (2007)
Time Zone: UTC + 8 (HKT)
Airport: 2
Bank List (partial)
Bank of China Hong Kong
Bank of East Asia LTD
Hang Seng Bank LTD
Hong Kong Branch
Hong Kong & Shanghai Banking Corporation (HSBC)
Standard Chartered Bank
Hong Kong
Full Name:Hong Kong Special Administrative Region
GeographicalArea: 1,104.3 sq. km - Hong Kong comprises Hong KongIsland, Kowloon, the NewTerritories, and numerous small islands.
Terrain and Climate: Hilly to mountainous, with steep slopes and natural harbor, subtropical monsoon; cool and humid in winter, hot and rainy from spring through summer, warm and sunny in fall
Population: 6.96 million (2007)
7,018,636 (July 2008)
Ethnicity: Chinese 95%, Filipino 1.6%, Indonesian 1.3%, other 2.1% (2006 census)
Capital:
Government: limited democracy Type: Special Administrative Region (SAR) of China, with its own constitution (the Basic Law).
Branches: Executive--Administration: Chief Executive selected in March 2007; Executive Council, serving in an advisory role for the Chief Executive. Legislative--Legislative Council (Legco) elected in September 2004. Judicial--Court of Final Appeal is highest court, other lower courts.
Major Languages: Chinese (Cantonese) 89.2% (official), other Chinese dialects 6.4%, English 3.2%
Major Religion: About 43% participate in some form of religious practice. Christian, about 9.6%.
Life Expectancy: 82.4 yrs
Monetary Unit:Hong Kong dollar (HKD)
Exchange Controls and Taxation: Investments are tax-free, but there are some exchange controls and there is taxable corporate income at 16%
Stamp Tax: Stamp duty is charged on some legal binding documents
Main Exports: electrical machinery and appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones, printed material
Compulsory Education: The system features a non-compulsory three-year kindergarten followed by a compulsory six-year primary education, a three-year junior secondary education, a non-compulsory two-year senior secondary education leading to the Hong Kong Certificate of Education Examinations and then a two year advanced course
GDP: $42,000 (2007)
Annual Growth Rate: 6.9%
Major Industry: Restaurants and hotels - 29.0%, finance, insurance, real estate, and business services - 14.3%, manufacturing - 4.2%
Communication: general assessment: modern facilities provide excellent domestic and international services
Number of Banks: Six Major Banks - 133 licensed banks, 39 RLB, and 35 DTC in Hong Kong. Of the 207 authorized institutions (AI), 182 were owned by interests from 30 foreign countries. In addition, there were 84 representative offices of foreign banks - * restricted license banks (RLB) and deposit-taking companies (DTC)
Head of State:chief of state: President of China Hu Jintao (since 15 March 2003) head of government: Chief Executive Donald Tsang (since 24 June 2005)
cabinet: Executive Council consists of 15 official members and 16 non-official members elections: chief executive elected for five-year term by 800-member electoral committee
Radio: AM 5, FM 9,
Television: 55 (2 TV networks, each broadcasting on 2 channels) (2007)
Sometimes a person needs to be introduced to a subject and gain education to gain confidence to reassure themselves that they are making the right decision. Just as we believe that insurance is your first wave of defense, we believe that education will become one of your best assets and a tool for protection! Take this course and you are on your way to protection!
You Will Learn the Following
►Asset Protection Basics
►Key Definitions for Your Understanding of the Tools Available
►How You Can Use Trusts to Your Advantage
►Irrevocable versus Revocable Trusts
►How the Law Pertains to Asset Protection
►The Safety Net Cuba Clause
►How to Choose a Jurisdiction for Maximum Benefits
►The Lesson Curriculum is as follows.
Lesson 1 - Asset Protection Theory
Lesson 2 - Definition of Terms
Lesson 3 - Rules of Asset Protection
Lesson 4 - Practice and use of your Trust
Lesson 5 - Trusts and Taxes
Lesson 6 - Types of Trusts
Lesson 7 - Irrevocable Trust
Lesson 8 - Security From The Law
Lesson 9 - The Cuba Clause
Lesson 10 - Jurisdiction Selection.
