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
We act as your Employer of Record in Hong Kong. Hong Kong’s status as a global financial hub and gateway to China makes it an attractive location for international businesses, yet, navigating its unique tax system and labor laws can be complex. To help, an Employer of Record (EOR) in Hong Kong acts as your local expert, ensuring a seamless setup process and ongoing compliance with regulations.
Company incorporation in Hong Kong is often thought of as the first choice for expansion that offers you more control, but it’s essential to understand the comparative advantages that come with choosing to use an Employer of Record in Hong Kong, such as:
Avoid the complexities of navigating Hong Kong’s unique tax system and labor laws. An Employer of Record streamlines the setup process, ensuring compliance from the start.
Hong Kong’s regulations can be intricate. Employer of Records possess the expertise to ensure your business remains compliant with local tax laws, labor regulations, and social security contributions.
An EOR acts as your legal employer in Hong Kong, minimizing your risks associated with employment regulations and ensuring compliance.
Offload HR tasks like onboarding, payroll processing, and tax administration to your Employer of Record. This allows you to focus on achieving your business goals in Hong Kong.
For smaller teams or companies with temporary needs, Employer of Record services can be more cost-efficient than establishing a local subsidiary as you avoid upfront incorporation costs and ongoing administrative burdens.
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.
Working with an Employer of Record in Hong Kong streamlines the expansion process for businesses of all shapes and sizes in 3 simple steps:
The journey begins with a collaborative discussion between you and the Employer of Record. They’ll delve into your specific goals for Hong Kong, including the number and roles of employees you plan to hire and your desired timeline. This initial consultation ensures the Employer of Record understands your vision and tailors their services to navigate Hong Kong’s unique tax system and labor laws.
Whether you’re building a new team in Hong Kong or transferring existing staff, the Employer of Record handles the legalities. This includes visa and work permit applications, ensuring compliance with Hong Kong’s regulations. Their expertise allows them to act as your legal employer in Hong Kong from day one, eliminating the need to establish your own entity and saving you significant time and resources.
Once your employees are operational, the Employer of Record takes over the ongoing HR and payroll functions in Hong Kong. This includes processing salaries, managing employee benefits, and taking care of Mandatory Provident Fund (MPF) contributions.
The Employer of Record acts as your HR liaison between you and your Hong Kong team, handling any administrative tasks or employee concerns. By outsourcing these complexities, you gain peace of mind, allowing you to focus on growing your business in Hong Kong.
Hong Kong’s business environment is known for its efficiency, but its labor laws can have hidden complexities. Here’s a breakdown of key points and how an Employer of Record in Hong Kong can help you navigate them:
Navigating these intricacies in-house can be time-consuming and requires ongoing monitoring of legal updates. Instead, partnering with an EOR in Hong Kong allows a team of experts to act as your local representatives, ensuring your business remains compliant with labor laws and protects you from potential risks.
Selecting the right Employer of Record in Hong Kong is crucial for a successful market entry. Here are 5 key factors to consider:
In Hong Kong, the terms EOR (Employer of Record) and PEO (Professional Employer Organization) are often used interchangeably. Both handle employment responsibilities for a fee, but Employer of Records typically provide a wider range of HR and payroll functions while acting as your legal employer in Hong Kong.
Costs depend on the services offered, the number of employees you have, and their location. INS Global charges a set percentage of your payroll, allowing you to scale and expand into Hong Kong in a cost-effective way.
The corporate tax rate in Hong Kong is a flat 16.5%, making it a competitive location for businesses. There are also various tax benefits and incentives available depending on your industry and business activities.
Faster market entry, reduced compliance burden with Hong Kong’s unique tax and labor laws, cost-effectiveness, access to local HR expertise, and minimized risk are all key advantages of partnering with an Employer of Record in Hong Kong.
Yes, Employer of Records in Hong Kong handle payroll processing, ensuring adherence to tax and social security regulations. They can also manage employee benefits administration, including MPF contributions (retirement savings scheme) for your employees as part of the standard process.
Absolutely. An Employer of Record streamlines the hiring process, eliminates the need to establish your own entity, and ensures you comply with Hong Kong labor laws thanks to their local expertise. This allows you to focus on growing your business and reaching your target market in Hong Kong faster, while minimizing risk for your projects and employees.
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