ABSCPA - Hong Kong Company Incorporation, Offshore Company Formation

• Please find attached employment contract provided by Labour Department : Sample Employment Contract;
• Note on how to prepare contract : Notes for preparing an employment contract ;
• For detail, please refer to Frequently Asked Questions;

• Both employer and employee needs to contribute MPF ;
• For detail, please refer to Mandatory Provident Fund Schemes Authority - FAQS ;
• Generally
  1. Employer and employee each needs to contribute 5% to the fund ;
  2. Employee contribution - each month, employer needs to deduct 5% from salary amount and move it to the fund ;
  3. Employer contribution - each month, employer needs to contribute another 5% to the fund ;
• Service providers, include :
  1. HSBC service = HSBC - MPF ;
  2. Manulife service = Manulife - Employee Benefits (MPF & ORSO);

• This is optional in Hong Kong to provide medical or life insurance to employee;

• This is compulsory – if you start operation office in Hong Kong;

If you have Hong Kong bank account, banker can quote the fee to you and help you setup this;