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How do Hong Kong companies pay their employees and buy insurance?

Released Date: Aug 30,2022 Article Source: HUANZE

If employees have overseas accounts, they can be paid directly by the Hong Kong company. If it is inconvenient for the mainland staff to receive payment, the Hong Kong company can first pay the Hong Kong company director, and then the director will forward the salary to the relevant staff.

If the employee has an offshore account, then it can be made byHong Kong companyDirect payment of wages; If it is inconvenient for the mainland staff to receive payment, the Hong Kong company can first pay the Hong Kong company director, and then the director will forward the salary to the relevant staff. If it is inconvenient for the mainland staff to receive payment, and the Hong Kong company and the domestic company are related companies, the domestic company can do it for themHong Kong companyPay salaries to domestic staff. Hong Kong companies cannot directly buy mainland social insurance for mainland employees working in the mainland. They can entrust domestic affiliated companies to buy it on behalf of them, or entrust human resources companies to help buy it on behalf of them.

If theHong Kong companyAre based in Hong Kong and can be covered by Hong Kong Labour Insurance and MPF. In order to enjoy Hong Kong pension and medical benefits after retirement.

MPF isHong Kong company(hireMaster) pay5%.hireEmployee contribution5%(If wages exceed at the end of each month HK$7,100,the hireNo MPF is required). hireThe principal usually deduct MPF from the employee's salary each month. Employers start making MPF contributions from the month of employment, as required by law, in each month10If you submit your MPF contribution information late5%Fine.

How do Hong Kong companies pay their employees and buy insurance?

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