Employer’s Return in Hong Kong: Filing Obligations, Reportable Remuneration, and Compliance Controls
This article targets employers, foreign investors, HR teams, payroll teams and finance teams seeking guidance on Hong Kong Employer’s Return obligations. The primary keyword should appear in the H1, introduction, meta title, meta description and one or two H2-adjacent paragraphs. Secondary keywords should be distributed naturally across sections on BIR56A, IR56B, IR56E, IR56F, IR56G, offshore employment, IRD employer filing and payroll record-keeping.
Mandatory Provident Fund Obligations in Hong Kong: Key Considerations for Overseas Companies Hiring Local Employees
Hong Kong’s Mandatory Provident Fund (MPF) regime is a core component of the territory’s employment regulatory framework. For companies hiring local employees, MPF obligations extend beyond monthly contributions to encompass employee enrolment, payroll administration, workforce planning, termination liabilities, and compliance with evolving regulatory requirements. This guide examines the legal framework governing MPF participation, recent developments including the abolition of the MPF offsetting arrangement and the implementation of the eMPF Platform, and the key considerations for businesses operating in Hong Kong.
Hong Kong Introduces New Capital Investment Entrant Scheme
Hong Kong’s new Capital Investment Entrant Scheme (New CIES) is set to attract high-net-worth investors, reinforcing the city’s status as a global financial hub. Launched on March 1, 2024, the scheme enables international and Chinese investors to gain residency in Hong Kong by investing in specific asset classes. To help you leverage the New CIES, this article provides an overview of the eligibility criteria, the range of investment assets that fall within scope, and details regarding the application procedure.
Hiring Employees in China: Compliance Guide for Foreign Companies
Foreign investors hiring employees in China must account for more than salary and recruitment. This article explains the main legal and compliance considerations for local hiring, including employment structures, labour contracts, probation, working hours, statutory leave, individual income tax, social insurance, housing provident fund contributions, foreign employee rules, termination obligations, and employer cost planning under China’s current labour and social security framework.
Your Guide to Employee Termination in Hong Kong
Managing employee termination in Hong Kong can be a sensitive and difficult task. This article will provide you with an overview of the key aspects of employee termination in Hong Kong. It covers important topics, such as the legal grounds for termination, notice periods, procedural requirements, and unfair grounds for dismissal.
Hong Kong: Abolition of the Mandatory Provident Fund Offsetting Mechanism
On 9 June 2022, Hong Kong’s Legislative Council passed the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill (“the Amendment Bill”) to abolish the MPF offsetting mechanism. This article provides a summary of the main legislative changes and details the government’s proposed measures to tide over businesses during the transition period.
Protecting China Employees’ Personal Information: Key Points for HR Management
China’s Personal Information Protection Law (“PIPL”) came into effect on 1 November 2021. Accompanying the PIPL, the Cyberspace Administration of China (“CAC”) also published draft Measures for the Security Assessment of Outbound Data for public consultation. In most cases, multinational companies with operations in China will involve some communication going back and forth between China […]