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
About Employment in Hong Kong

Working Hours

There is no official work hour maximum. The standard is 47 hours weekly.

Maternity/Paternity Leave

Maternity leave: 10 weeks at 80% rate
Paternity Leave: 5 days of after childbirth

Vacation Days

For 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 days

No 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 Security

Pension: 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/Severance

One 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.
To learn more, contact us now.

Contact Sales

0203 6915303
contactus@topsource.co.uk

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