Given that I have jet-lag (i.e can’t sleep) and PRC Foreign Minister Wang saying that “the missing bookseller was first and foremost a Chinese citizen" and “other countries had "no right to interfere", here’s thought:
My wife and kids hold dual passports (HK and my country) while I hold a passport of my country only. My country is giving me visa-free access to almost anywhere, has an essentially free schooling/university system, essentially free health care system, is stable, has a healthy environment, etc – i.e. it’s a pretty good passport to have if you have only one.
So I am thinking about what happens if my wife and kids give up their HK passports. Aspects considered:
HK Residency: What happens to their residency status if we give up the HK passport? I assume it will be converted into a permanent residency? Is there any impact on my wife or my kids today or in the future to work or live in Hong Kong?
Schooling: Our kids attend international schools now and we don’t rely or intend to send our kids to local high-schools/universities. Should be no impact?
Taxes: My country runs a territorial tax system. No impact?
Property in HK: We own a place here, but I can’t see any impact if we retain the permanent residency. Any issues to buy, sell, rent, rent out?
Traveling: No impact except to China where the whole family now needs a visa (does not seem a major issue to me)
Health Care: We plan to have a private insurance for the rest if our lives and my country offers an essentially free health care system as a fall back option
Retirement: HK will likely be one of 2-3 places where we will rotate to live in. However we could skip HK if needed for above reasons (or will likely do so once we cannot travel anymore)
Am i missing or wrongly assessing anything?