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SALARY PAYMENT IN Hong Kong Dollars (HKD, $)
CONTRACT LANGUAGES Chinese / English
PAYROLL TAX 5% + 1,500 HKD
PAYROLL CYCLE Monthly
TIME TO HIRE 12 hours
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Hire and pay talents
with Horizons in
180+ countries
Hong Kong
Healthcare in Hong Kong is provided for free by the public sector. Employees are not required to contribute to the cost of healthcare. The services provided are excellent, but waiting times can be extensive. Employers may choose to offer private medical insurance to alleviate this issue.
Employees in Hong Kong are eligible for the Mandatory Provident Fund (MPF), which is a retirement savings scheme. Both employees and employers must contribute 5% of an employee’s salary to the fund, up to a maximum of HK$1,000 per month. The retirement age in Hong Kong is 65 for men and women.
Disability is covered by social security and is a means-tested benefit, paid monthly. To be eligible, an employee must have been employed for at least 26 weeks and be assessed as having a disability that prevents them from working. There are also specific grants provided which cater to certain recipients’ needs.
People who are unable to find work in Hong Kong may qualify for CSSA (Comprehensive Social Security Assistance). Applicants must have been resident for a minimum of one year.
CSSA is means-tested and the applicant’s total monthly household income of the applicant and his/her family must be insufficient to meet their total monthly needs as recognized under the Scheme.
Your business can easily hire employees in Hong Kong without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
Employers are required to contribute to social security via the MPF, but there is no further requirement to provide other employee benefits such as healthcare or additional private pensions.
We can offer a group medical plan (with NHGP HK) with AXA Hong Kong for local and expatriate employees.
Headquarters
71 Robinson Road #13-153
Singapore 068895
+65 3158 1382
Europe
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
Americas
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
71 Robinson Road #13-153
068895, Singapore
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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