Posted by Michael Bolduc at April 16th, 2009

I am in Hong Kong right now opening an investment account. The biggest reason to open an account here is because you don’t pay capital gains tax on the profits you make from your investment (Not Applicable for Residents of Canada or America).  You may need to research your country to see if you can invest in Hong Kong. By avoiding capital taxes you can compound your money much, much faster.

Opening an account was very simple. All I needed was my passport and proof of my address. The entire process took less than one hour, and I was immediatelly given an ATM card with a password, and Internet access to my accout, along with the ability to trade stocks.

Another opportunity is to invest in Emerging markets in China. The biggest opportunity to get large returns on your ivestment will be in China. Buying ETF’s may be your passport to financial success.

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