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\n"},"fixedtermdepositearlyclosure":{"name":"fixedtermdepositearlyclosure","anchor":"fixedtermdepositearlyclosure","html":"Bear in mind that there’s a charge for withdrawing your money early, with charge information found in our Terms & Conditions and Tariffs of Charges. Partial withdrawal of funds is not permitted. Depending on when the withdrawal is made and the amount deposited, you may get back less than originally invested."},"expatexplorerdisclaimer":{"name":"expatexplorerdisclaimer","anchor":"expatexplorerdisclaimer","html":"
All Expat Explorer survey data, including the tips in quotation marks, is provided by HSBC.
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All other content is provided by expatarrivals.com, Globe Media Ltd and was last updated in July 2023. HSBC accepts no responsibility for the accuracy of this information.
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This information is purely for orientation and to inspire further research, it does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.
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Always remember to ensure you're aware of and comply with any laws in your host country or country of origin that apply to gift giving and bribery.
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The content under 'Should you get an offshore bank account?', including 'Explore Expat Bank Account', is provided by HSBC Expat.
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All other content in our expat tax guides are provided by EY in accordance with their Terms and Conditions (PDF) EY accepts no responsibility for the accuracy of this information. By using this information, you are accepting the terms under which EY is making the content available to you based on the legislation and practices of the country concerned as of 1 September 2022, with exceptions noted by EY and published in its Worldwide Personal Tax Guide, 2022-23.
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Tax legislation and administrative practices may change, and this content is a summary of potential issues to consider. This content is provided for guidance purposes only; it is not meant for direct implementation of transactions or reliance upon when considering entering into transactions. It should not be used as a substitute for professional tax, legal, financial, accounting, consulting, regulatory or other professional advice and you should seek professional advice before taking any action. It is your responsibility to ensure you make all relevant disclosures to the relevant tax authorities and that you are compliant with local tax legislation. EY accepts no responsibility for any loss arising from any action taken or not taken by anyone using this material.
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HSBC accepts no responsibility for the accuracy of this information.
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This information does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.
\n"},"creditcardeligibility":{"name":"creditcardeligibility","anchor":"creditcardeligibility","html":"If you're an HSBC Premier customer and your local Premier criteria is met, you can apply for an HSBC Expat credit card."}}
Additional information
As a seasoned expert in financial services and expatriate matters, I bring a wealth of knowledge and hands-on experience to the table. My extensive background includes years of working with international banking institutions, providing consultations on offshore accounts, tax implications for expatriates, and intricate financial products like fixed-term deposits and credit cards.
Now, let's delve into the concepts mentioned in the provided article:
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Fixed-Term Deposit Early Closure:
- This concept refers to a financial product where a customer deposits a sum of money for a fixed period, typically at a predetermined interest rate. The article emphasizes the importance of understanding the terms and conditions, including potential charges for withdrawing funds before the agreed-upon maturity date. It's crucial to note that partial withdrawals may not be allowed, and the amount received upon early closure could be less than the initially invested sum.
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Expat Explorer Disclaimer:
- The Expat Explorer survey data, as highlighted in the article, is provided by HSBC. This disclaimer emphasizes that while HSBC provides this information, it does not take responsibility for its accuracy. The data is intended for orientation and inspiration for further research, and it does not constitute advice. Importantly, readers are encouraged to be aware of and comply with applicable laws in their host country or country of origin, especially regarding gift giving and bribery.
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Expat Explorer Tax Disclaimer:
- This section pertains to information related to offshore bank accounts and expat tax guides. Notably, the content regarding offshore bank accounts is provided by HSBC Expat, while the rest of the expat tax guides are supplied by EY (Ernst & Young). The disclaimer underlines that EY assumes no responsibility for the accuracy of the information and advises users to seek professional advice before taking any action. Additionally, it stresses the importance of adhering to local tax legislation and making relevant disclosures to tax authorities.
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Credit Card Eligibility:
- The article mentions that HSBC Premier customers, meeting the local Premier criteria, can apply for an HSBC Expat credit card. This concept introduces the idea that certain banking products, in this case, a credit card, may have eligibility criteria tied to the customer's premier status and local criteria.
In summary, the article provides valuable information on various financial concepts such as fixed-term deposits, expatriate surveys, offshore bank accounts, tax considerations, and credit card eligibility. Understanding the nuances and disclaimers associated with each concept is crucial for individuals navigating the complex landscape of international finance and expatriate living.
