A. BNO & British Nationality Law Updates

Official information from the UK Government：

Hong Kong Holders of BNO could apply for British Nationality.

Application Period：starting from 31 Jan 2021

Requirement of Staying：have spent no more than 180 days outside the UK in any 12 months in the previous 5 years

Application fees：£180 to apply to stay for 30 months, £250 to apply to stay for 5 years

Immigration Health Surcharge：For each adult this will be: £1,560 if you’re applying to stay for 30 months £3,120 if you’re applying to stay for 5 years For each child under the age of 18, this will be: £1,175 if you’re applying to stay for 30 months £2,350 if you’re applying to stay for 5 years

Information from the UK Government：

https://www.gov.uk/guidance/hong-kong-british-national-overseas-visa-applications?fbclid=IwAR3cMJJMZYq72DjxSBsIErs7I5QAojjqPbcLPWzAAR5tleC2OJHRabxlucQ

B. Life in UK

Comparing with Hong Kong:

1. Clothing

more or less the same

2. Food

rice lower than HK for 13%，meat lower than HK for 50%，vegetables lower than HK for 20-50% in average
McDonald’s, Coke more expensive than HK for 50% in average
medium restaurant more expensive than HK for 20% in average

3. Housing

Income would be more than HK for 25% in average
Rent a flat – lower than HK for 10% in average
Utility bill – more expensive than HK for 60% in average
Phone Bill & online bill – more expensive than HK for 80% in average

4.Transportation

Public Transportation – more expensive than HK for in average 200% in average
Buying Cars – more or less the same with HK
Fuel – lower than HK for 30%

C. UK Property Market Situation

UK Market：Low exchange rates for pounds, supply is lower than demand, low interest rates

Manchester City Property Market：The development in the northern area and basic infrastructure help to increase population, Media City attracts white-collar worker

Michigan：famous developer, strong rent management, low First installment – only HK450,000