Employment contract in Hong KongMPF contribution (Mandatory Provident Fund) - Both employer and employee needs to contribute MPF ;
- For detail, please refer to Mandatory Provident Fund Schemes Authority - FAQS ;
- Generally
- Employer and employee each needs to contribute 5% to the fund ;
- Employee contribution - each month, employer needs to deduct 5% from salary amount and move it to the fund ;
- Employer contribution - each month, employer needs to contribute another 5% to the fund ;
Employee insurance - This is optional in Hong Kong to provide medical or life insurance to employee;
Office and Labor insurance - 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;