Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
5/5
Expanding into a new market like Hong Kong while hiring local talent can be a daunting process.
INS Global provides payroll outsourcing services worldwide that ensure each of our clients’ global employees is paid in a way that complies with complex local tax and insurance regulations.
Our services provide the safety of compliance and streamline their business practices.
You can focus on achieving your company’s goals while we take care of HR services and make sure your employees are paid accurately, punctually, and following local regulations.
You can ensure punctual monthly payments for all of your employees
By providing payroll outsourcing, recruitment, and contractor management services, a PEO takes care of local HR requirements necessary for your entry into a new market while you concentrate on increased growth
A local PEO agreement covers every aspect of HR services, streamlined into one point of contact.
Organizing payroll in Hong Kong for a non-local company and ensuring that your employees are paid correctly and on time can become a costly and demanding process.
INS Global works with you, simplifying your payroll procedures into one basic agreement with our Hong Kong PEO.
We can act as your EOR in Hong Kong and perform all necessary payroll functions for your business through our local entity.
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
Many aspects of employment in Hong Kong are less regulated than in other jurisdictions, like the EU or the United States.
However, operating payroll will still require paying attention to local regulations for both foreigners and Hong Kong domestic residents.
Additionally, employees must report their income to the Inland Revenue department whenever they file their annual taxes.
Social security obligations in Hong Kong will involve the following rates:
Social security obligations in Hong Kong will involve the following rates:
No, it is necessary to use a local entity abroad to comply with each country labor law.
Foreign companies can either set up a local entity in each country or use the services a local PEO (Professional Employment Organization) to hire the staff on-site directly.
The employer of record is the legal entity liable for the staff employed in a specific country. In practice, a foreign company can either open a subsidiary to become the employer of record of its abroad employees or use a PEO to act as the employer of record.
In general, 1-month is necessary to have an employee based out abroad using an existing PEO as the employe of record. When incorporating a new subsidiary to be the employer of record, the delay varies from 4-12 months.
Level 39, Marina Bay Financial Centre Tower 2, 10 Marina Boulevard
Singapore 018983DOWNLOAD THE INS Expansion Insights
DOWNLOAD THE PDF
