Payroll and HR in Hong Kong

Payroll and HR in Hong Kong

Local Information

Local Time (LIVE):6:37 AM
Local Currency:$1 = $7.77
Business Language(s):Cantonese and English
Tax Year Dates:April 1st to March 31st

 

Expanding your business internationally to Hong Kong has a multitude of benefits. Being in the heart of the Asia Pacific region, Hong Kong is situated close to China, Korea, Japan, Taiwan and Singapore. Thanks to its proximity to China and its standing as an administrative region of the country, Hong Kong benefits from advantages for cross-border business transactions.

Communication is never a worry in Hong Kong. Despite the predominant language being Cantonese, English is widely spoken in business. Its timezone is also brilliant for global communications with the east and west coast of the US, and internet is unfiltered.

Hong Kong also benefits from having a simple tax system with some of the lowest rates in the world. It has a free trade policy, no trade barriers and no capital gains taxes or goods and services taxes. Whilst there are many tax benefits, there are still payroll and HR considerations to take into account.

When you’re busy with the day to day, it can be very time-consuming to ensure your business remains compliant with international employment laws and legislation. That’s why you need a global expert by your side. IRIS FMP take the hassle out of international payroll and HR, so you don’t need to worry.

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Details correct at time of publication. You should not rely on these details without first seeking professional international advice.

Employer Must-Dos

In Hong Kong, the following reports must be submitted to strict deadlines.

  • Annual Employer’s Return
  • Corporate Tax Return

HR in Hong Kong

What are the regular working hours in Hong Kong?

Usual working hours are from 9am to 6pm, however Hong Kong is renowned for having long work hours, with many working past their end time. It is also not uncommon for employees to work the first half of Saturday.

Payroll in Austria

Termination

To terminate an employee’s contract in Hong Kong, it must meet the grounds for termination specified in the ‘Employment Ordinance’. Contracts can be terminated without notice within the first month of employment, however after the first month they require 7 days’ notice or payment in lieu of notice.

Discover More About International Payroll

Our international payroll guide covers further information on global payroll and HR, as well important considerations to take into account when expanding your business.

Download Our Guide

IRIS FMP’s Hong Kong Payroll and HR Solutions

No matter if you need payroll and HR services in Kowloon or Hong Kong Island, our international payroll and HR experts can help. IRIS FMP will ensure your expanding business remains compliant with Hong Kong’s employment laws and legislation. Here’s what we can help with:

  • Employment Contracts
  • Payroll Processing
  • Handling of payments (salaries)
  • Annual declarations (lodging, apprenticeship & training taxes for concerned companies)
  • Relations with social bodies
  • Regulatory Compliance
  • Tax and Labor Law Consulting
  • Assisting in payroll audit (or payroll department audit)
  • Handling of confidential payroll
  • Assistance in company restructuring plan
  • Assistance in implementation of procedures
  • Assistance with start-up (in link with lawyers)

Maintain Compliance With Your Payroll & HR

We’ll help you with your international expansion to Hong Kong. Speak to one of our experts today.

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