JAM Asia Pacific’s Post

British seven-time snooker world champion Ronnie O’Sullivan has been granted residency in Hong Kong under the Quality Migrant Admission Scheme. O’Sullivan cited several reasons for his decision, including: Low tax rates: Hong Kong has a relatively low tax system, with a maximum income tax rate of 16.5%. This was a significant factor in his decision to relocate. Food and culture: the snooker star praised Hong Kong’s food and culture, stating that he enjoys his time in the city and has made good friends there. Snooker popularity: O’Sullivan noted that snooker is a popular sport in Hong Kong, and he has had many positive experiences playing in the city. As a resident of Hong Kong, O’Sullivan will be subject to the city’s tax laws. However, as a non-domestic source income earner, he will only be taxed on his Hong Kong-sourced income; this means that his income from international snooker tournaments and endorsements will not be taxed in Hong Kong.

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