Hong Kong Local Employment Solution
| Population | About 7.2 million |
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| Language | Chinese (Cantonese) and English |
| Time Zone | GMT + 8 |
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| Currency | 1 Hong Kong Dollar (HKD) = 100 cents |
* Click here for the latest rate of exchange.
No Entry Visa required for most foreign visitors for periods between 14 and 90 days.
Entry Visa required for all foreign nationals to work, study, establish or join in any business or to take up residence in Hong Kong.
Mandatory HK ID Card for foreign nationals with permit to stay in Hong Kong for more than 180 days.
Click here for latest IATA travel requirements for Hong Kong.
Mandatory Work Permit for foreign nationals wishing to work in Hong Kong.
Both Non Residents, working in Hong Kong for less than 180 days in the financial year, and Residents, working in Hong Kong for 180 days or more, are liable for taxes only on their income in Hong Kong.
Tax Rates
Progressive up to 17%
Mandatory Provident Fund (MPF): maximum contribution is HKD 15,000/year or HKD 1,250/month
Both employer and employee have to contribute 5% of the gross salary (maximum base for the contribution is HKD 25,000/month).
Exemption to MPF for foreign nationals working in Hong Kong for less than 13 months, or who are covered by approved overseas retirement schemes.
81-88%
The income retention depends amongst others on the duration of the assignment, contract rate, marital status and taxation and social security agreements between Hong Kong and the foreign nationals' country.Please contact Access Financial for more information.
Tel: CH +41 22 365 4620 | UK +44 7017 3110 | CYP +357 25 820 640
E-mail: info@accessfinancial.com