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Innovare Hong Kong is based in Hong Kong and is a wholly owned member of the Innovare Group.
Hong Kong has come a long way since the UK handover and has mixed the Eastern and Western economies and has positioned itself as an Asian powerhouse. However, most organisations venturing into Hong Kong face roadblocks that often make the processes we take for granted elsewhere a challenge here. Basic necessities like employment of a foreigner, administering of payroll, paying taxes are not that straightforward.
The Innovare Group provides a full contract management model in Hong Kong specific to your requirements operating in multiple industries. We usually refer to this model as the Employee of Record (EOR) model. Some of the characteristics are elaborated below.
We are able to assist whether you or your consultant is an expatriate, local or permanent resident in Hong Kong.We have a team of payroll, immigration and compliance specialists ready to provide professional advice in terms of contracting.
How Innovare Hong Kong can assist:
Immigration laws in most countries in Asia Pac often hold a local entity responsible for the entry, wellbeing, good behaviour and eventual exit of the individual. This also ensures that local immigration and employment laws are adhered to. This host company will be the technical employer of the individual.
We assist with the sponsorship of the work visa. Please speak to your Innovare sales contact person who will determine the appropriate visa for you or your consultant.
All income derived from work performed in Hong Kong is subject to tax payment, regardless of payment location based on the reported monthly payroll. We shall deduct the respective tax amount each month accordingly and subsequently paid annually to the Hong Kong Tax Office.
Hong Kong wages attract an employer social security premium of 5% of the salary. Employee premium contribution is 5% of the salary as well. Maximum contribution is HKD1,500 per month.
Innovare’s insurance policy in Hong Kong (subject to terms and conditions) includes Professional indemnity insurance and Public liability insurance and is inclusive in our management fee. Workman compensation insurance is charged at cost.
Needless to say, all Employee of Record consultants are required to have adequate medical insurance to cover them throughout the entire contract. Medical insurance is a must for locals and expatriates working in Hong Kong.
Should you need assistance in Asia Pacific, we would be pleased to hear from you.
Contact us for a discussion and a quick quote.
Travel and entry requirements:
Quarantine and Health Requirements:
Updated as at 5 January 2021:
Disclaimer: Due to COVID-19, there has been a constant change in terms of work permit process, timeline, travel restrictions, quarantine period, medical tests as well as insurance requirements etc. All these requirements can change by the respective authorities in both country of work and candidate’s home country from time to time. The process, timeline and costs that Innovare provides is a guideline and is subject to change if any process is being changed. While every reasonable effort has been made to ensure its accuracy at the time of communication, Innovare cannot guarantee nor be liable for such change in timeline or costs arising from any pandemic related factors so please take note of the potentially volatile situation during this period.
