Savings Tips

3 Reasons Why Hong Kong is Among the Best Cities on Earth

Hong Kong boasts one of the world’s lowest crime rates, excellent economic opportunities with low taxes, and a vibrant nightlife, making it a top-tier global city.
Nayana R July 18, 2018
The dazzling Kowloon skyline showcases Hong Kong’s vibrant nightlife, with shimmering lights reflecting on the harbour, capturing the city’s energy.
Stunning Hong Kong skyline illuminated at night! Picture: Envato

Lowest Crime Rates

Hong Kong is a city where one of the world's lowest crimes is recorded. The city is full of life, and it is statistically proven that Hong Kong ranks 3rd in the cities with the least number of homicides in the world. The intentional rate of homicide in Hong Kong is in the ratio of 0.2 people in 1 million for the last one and a half decades. Considering the population of 7 million compressed within a region of a little more than one thousand square kilometres, it is an astonishing achievement. You can evaluate this by comparing it with the top 2 cities on the same list ie Monaco and Palau. Monaco is a small city with a population of merely 35000, and Palau, on the other hand, does not have more than 20000 people living within its territory. Now consider the figure of 0.2, along with the population of over 7 million and over a span of 15 years; Hong Kong does justify its position as one the leading city of the world with high life expectancy and minimal crime rates.

Excellent Economic Opportunities

If you consider Hong Kong from a financial point of view, it is one of the most stable and safe places for conducting business. Hong Kong is rightly known as the gateway to the Chinese market. The real defining factor which makes the Hong Kong class apart from the rest is the low taxes, which means you can keep most of your earnings with yourself. The basic salary tax deduction of 15-17%, along with no sale tax and value-added tax, is rarely seen. Moreover, the taxes have not been defined by the local or foreign enterprises and apply the same parameters for all to flourish. what is even more surprising is that even after giving away all kinds of taxes that most governments apply, Hong Kong is still able to get a surplus amount every year. The heftiest part of it is collected through property and share tradings. So, it is the place where you can work, earn and keep your money.

The Hong Kong skyline is one of the most iconic and breathtaking cityscapes in the world.
Vibrant city life captured from a high vantage point! Picture: Envato

The Exuberance of a Joyous Life

If you want to see an ideal nightlife, visit Hong Kong’s party area after 9 pm on any given day. Yes, Hong Kong people live their lives to the fullest and love to party for no reason. There are more than 100 bars and clubs on Short Street, which is known for its nightlife. The neon lights blur the night sky of Hong Kong, and as soon as you see those lights, you can easily assume that happy hours have started. First-time visitors are often left awestruck with vibe and exuberance of the nightlife in Hong Kong. Leave aside the nightlife and parties, Hong Kong still has so much fun to offer that a person can never get fed up with his life. Now you know the reason behind the low Homicide rate! For more insights into Hong Kong's nightlife and events.