Hong Kong
Make employment in Hong Kong easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Hong Kong, all in one easy-to-use platform.
- Capital City
Hong Kong
- Currency
Hong Kong dollar ($, HKD)
- Languages
Cantonese and English
- Population size
7,500,700
Facts & Stats
- Capital City
Hong Kong
- Currency
Hong Kong dollar ($, HKD)
- Languages
Cantonese and English
- Population size
7,500,700
- Ease of doing business
Very easy
- Cost of living index
$$$$ (39 of 139 nations)
- Payroll frequency
Monthly
- VAT - standard rate
0%
- GDP - real growth rate
-1.2% (2019)
Hong Kong is a special administrative region of the People’s Republic of China, nestled just off its southeastern coast.
For a territory of less than eight million, Hong Kong hosts a vibrant economy built on one of the world’s strongest financial services labor markets, a robust tourism sector, and a leading professional services sector.
Combined with its 4th place ranking on the human development index and a GDP that is several times the size of comparative nations, Hong Kong offers an attractive option for companies looking to build a presence in Asia with strong global connections.
Grow your team in Hong Kong with Remote
Looking to employ workers in Hong Kong? Companies hiring in Hong Kong must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.
Remote can employ your team in Hong Kong on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Hong Kong team. You can also pay contractors now in Hong Kong with Remote.
Risks of misclassification
Hong Kong, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Hong Kong may lead to fines and penalties for the offending company.
Employing in Hong Kong
Since its enactment in 1968, the Employment Ordinance has served as the comprehensive body of statutes guiding employment relationships in Hong Kong, covering everything from wage protections to union privileges.
Common questions during the hiring process may be regarding minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Hong Kong.
Minimum Wage
From May 1st 2023, the minimum wage has been fixed at HK$ 40 per hour. It will be reviewed every two years.
Payroll Cycle
For customers of Remote, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
Onboarding Time
We can help you get a new employee started in Hong Kong fast. The minimum onboarding time we need is only 5 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
18 Public holidays
Want to see and manage all holidays? Sign up for our free HRIS!
Effortless HR in Hong Kong: Take the Tour
Competitive benefits package in Hong Kong
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity,” which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
Our benefits packages in Hong Kong are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Fair Pricing in Hong Kong
Employer of Record
Hire and pay your global team
Starting at $599/month
for annual plans
Top features
Satisfaction guaranteed
No deposits or hidden fees
Zero onboarding or offboarding fees
Compliant equity incentives support including withholding and reporting
Built-in security and compliance
Fast onboarding (average 2-3 days)
Flexible, localized benefits
Contractor Management
Compliantly onboard and pay contractors
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with contractors in 200+ countries
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
Consolidate your multi-country payroll
$50
per employee/month
Top features
Reduce costs by centralizing payroll management
Ensure local compliance for every country
Direct support from in-house local payroll experts
Accurate, on-time, compliant payroll to level-up your employee experience
Tax and labor authority reporting handled for you
Top features
Guided onboarding and offboarding
Employee profile and document management
Time and attendance (time off and tracking)
Expense management and reimbursement
Employee self-serve on the platform and mobile app