Global Services
UK Services
Hong Kong
| Currency | Hong Kong Dollar |
| Payroll Frequency | monthly/date decided between employer and employee |
| Capital | – |
| Date Format | Yyyy年Mm月Dd日; Dd-Mm-Yyyy |
| VAT | 0% |
Employer of record Services
TopSource offers complete payroll, EOR and contractor management services for Hong Kong. TopSource provides Employer of Record services to global companies establishing a presence in Hong Kong that do not wish to be burdened with the complications of Hong Kong employment regulations.
TopSource serves as an outsourced Global Employment Solutions provider. We provide comprehensive employment services such as payroll, payroll related compliances, leave and attendance administration, HR management, and assistance with employer compliances.
If you have an established presence in Hong Kong, our payroll bureau services are available. But if you are seeking to avoid the complications of a subsidiary—or wish to establish a presence quickly an convert to a subsidiary later—our EOR service is ready to support you today.
Services we offer
| Payroll Processing | |
| • Payroll bureau solutions for your Hong Kong entity | |
| EOR | |
| • Employment solutions/leasing | • Providing documents associated with employment |
| • Employee on-boarding process and documentation | • Monthly salary calculation |
| • Salary disbursement to employee’s account | • Pay slip generation (If applicable) |
| • Employee statutory benefits administration and deduction | |
| Supplementary services | |
| • Foreign exchange and money transfer services for payment of employees and 3rd parties | |
Company formation in Hong Kong
We can help with company registration, company incorporation along with all the necessary documentation in Hong Kong. We can also assist foreign companies to smoothly setup a company anywhere in Hong Kong.
Statutory Compliances
We offer high-quality corporate statutory compliance services in Hong Kong. Our services meet highest standards and meet all your compliance requirements.
- Minimum Wage
The minimum wage is HK$37.50 hourly
- Taxes
Employer 5.00% – Mandatory Provident Fund Employee 5.00% – Mandatory Provident Fund 2.00% – Up to 50,000 6.00% – 50,000 – 100,000 10.00% – 100,000 – 150,000 14.00% – 150,000 – 200,000 17 – Over 200,000
Working HoursThere is no official work hour maximum. The standard is 47 hours weekly. |
Maternity/Paternity LeaveMaternity leave: 10 weeks at 80% ratePaternity Leave: 5 days of after childbirth |
Vacation DaysFor the first 2 years employees are entitled to 7 days per year, for each year following employees accrue one day until the maximum of 14 days per year is reached. |
Sick daysNo more than 120 paid sick days can be accumulated. Sick pay is granted at a rate equivalent to 4/5ths of the average daily wages earned by the employee in the prior 12 months, or time since hire if the employee has been with the company for less than 12 months |
Pension/Social SecurityPension: Both the employee and the employer (when covered by the MPF system) each contribute 5% of the employee’s relevant income to an MPF scheme, subject to minimum and maximum relevant income levels.Social Security: Both the employee and the employer (when covered by the mandatory provident fund system) contribute 5% of the employee’s relevant income to an MPF scheme. Maximum contribution of 1,500 HDK monthly by each party. |
Termination/SeveranceOne months’ notice is required, alternatively the employer can offer a payment in lieu of notice. The amount of the payment is the number of days in the notice period and multiplied by the average daily wage of the employee.Advance notice is one month. Severance is calculated by multiplying the employee’s last month’s wages (x2/3) and the period of employment in the company and is commonly referred to as long term service pay rather than severance pay. |
Founded in 1989, Payroll Bureau has a wealth of experience and over the past 30+years has established itself as one of the most efficient, reputable & trustworthy payroll companies in the UK. We are now part of the TopSource Group and have access to even more expertise than before. We only use HMRC accredited systems and are a BACS approved bureau.
Our experienced payroll bureau runs large and often complex payrolls on behalf of scores of businesses, some with hundreds of employees. We are now part of the TopSource Group, and we pride ourselves on a personalised and flexible service. When last-minute amendments are required – as they frequently are – our focus is on delivering a fast and accurate response.
With 20 years of experience, Practical Payroll Solutions is one of the UK's leading payroll companies offering a range of managed payroll services for large businesses. We are now part of the TopSource Group and provide flexibility in the way we can deliver your payroll be it - weekly, fortnightly, lunar or monthly. We are a payroll company that works around your needs.
TopSource India provides end-to-end payroll, leave and attendance management solutions to small, mid and large businesses across all industries in India. We provide our services and operational support from our facility in Pune. Our account management teams are locally based and work directly with clients to ensure accurate delivery of our services.
TopSource was founded in December 2003 as a UK company focussed on providing payroll & accounting services to mid-market companies in the UK. Our teams in the UK provide account management & work directly with clients to ensure accurate delivery of our services. We are SSAE16 and ISO 9001 certified and we have also International payroll BSI 25999 Business Continuity Planning.
