- Country Guide
- Hong Kong
Hong Kong
Last Update by Cecilia, 28 Nov 2024
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Exchange Rate
22 Jan 2025
Cost of Living
Indicative value for a working adult in a city: Hong Kong
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (HKD) |
|---|---|
| McDonalds Set Meal | 50 |
| Monthly Train and Bus Tickets | 500 |
| 3 Bedrooms Rental (City Center) | 36,000 |
| 3 Bedrooms Rental (Outskirt) | 24,500 |
Current Inflation Rate
2.2%
Wage
Minimum Wages
- HKD40 per hour
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (HKD) |
|---|---|
|
Entry-Level
Fresh Graduate
|
20,000 |
|
Mid-Level
5 Years
|
30,000 |
|
Experienced & Managerial Level
10 Years
|
40,000 |
|
Specialized & Senior-Level
15 Years
|
60,000 |
Annual Salary Growth
3.5%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| MPF | 5%, capped HKD1,500 per month | 5%, capped at HKD1,500 per month | All staff |
Other Benefit
Other common employment benefits in Hong Kong include:
- Private Medical and Dental Insurance: HKD500 per month
Income Tax
Residents
-
Tax period: 1 Apr - 31 Mar year ended of previous year.
Tax filing start date: 1 Apr of the following year.
Tax filing due date: 31 May of the following year.
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 50,000 | 2% |
| 50,001 - 100,000 | 6% |
| 100,001 - 150,000 | 10% |
| 150,001 - 200,000 | 14% |
| 200,001 and above | 17% |
Non-residents
- Same rate as residents
Working Hours
Statutory
No regulation for working hours
Typical practice
40 hours per week, 9am to 6pm, Monday - Friday
Overtime
No statutory requirements for paid overtime
Employment Contract
Permanent
Contract Format
Written in English and Chinese.
Payroll Currency
HKD
Probation
1 - 3 months
Termination
Refer to the employment contract signed
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | 1 day | As per the termination letter in writing or email | As per the termination letter in writing or email |
| Notice Period - Regular | 1 month or as per Employment Contract signed | As per the termination letter in writing or email | As per the termination letter in writing or email |
| Severance Pay | Not Applicable | Eligibility for Severance Payment (SP) and Long Service Payment (LSP) SP: must at least work for 24 months under a continuous contract LSP: must at least work for 5 years under a continuous contract Calculation: (last month wages (capped at $22,500) x 2/3) x reckonable years of service | Eligibility for Severance Payment (SP) and Long Service Payment (LSP) SP: must at least work for 24 months under a continuous contract LSP: must at least work for 5 years under a continuous contract Calculation: (last month wages (capped at $22,500) x 2/3) x reckonable years of service |
Public Holiday
17 days
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 29 Jan - 31 Jan | Chinese New Year |
| 04 Apr | Tomb Sweeping Day |
| 18 Apr - 19 Apr | Good Friday |
| 21 Apr | Easter Monday |
| 01 May | Labor Day |
| 05 May | Buddha's Birthday |
| 31 May | Dragon Boat Festival |
| 01 Jul | Hong Kong Special Administrative Region Establishment Day |
| 01 Oct | National Day |
| 07 Oct | Mid - Autumn Festival |
| 29 Oct | Chung Yeung Festival |
| 25 Dec - 26 Dec | Christmas Day |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
7 working days -1st and 2nd year of service 8 working days - 3 years' service 9 working days - 4 years' service 10 working days - 5 years' service 11 working days - 6 years' service 12 working days -7 years' service 13 working days - 8 years' service 14 working days - over 9 years' service |
All staff with minimum 3 months' service |
| Sick Leave |
1st 12 months - 2 days per month after 12 months - 4 days per month Can be accumulated and capped at 120 days. |
All staff with continuous contract. |
| Maternity Leave |
14 weeks + 4 weeks for illness/ disability due to pregnancy or confinement |
All expectant mothers with permanent contracts and 40 weeks continuous service |
| Paternity Leave | 5 working days per birth | All expectant biological fathers with permanent contracts and 40 weeks continuous service |
Reference
- https://www.numbeo.com/cost-of-living/in/Hong-Kong
- https://www.gov.hk/en/residents/taxes/taxfiling/taxrates/salariesrates.htm
- https://www.labour.gov.hk
- https://www.labour.gov.hk/eng/public/wcp/ConciseGuide/02.pdf
- https://www.labour.gov.hk/eng/public/ConciseGuide.htm
- https://www.labour.gov.hk/eng/legislat/content2.htm
- https://www.labour.gov.hk/eng/public/wcp/ConciseGuide/09.pdf
- https://www.labour.gov.hk/eng/public/wcp/ConciseGuide/11.pdf
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Contact UsCountry Guide - Hong Kong
Last updated: 28 Nov 2024
Exchange Rate
Currency (HKD)
- 1 CNY = 0.185 HKD
- 1 USD = 1.32 HKD
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Hong Kong
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (HKD) |
|---|---|
| McDonalds Set Meal | 50 |
| Monthly Train and Bus Tickets | 500 |
| 3 Bedrooms Rental (City Center) | 36,000 |
| 3 Bedrooms Rental (Outskirt) | 24,500 |
Current Inflation Rate
2.2%
Wage
Minimum Wages
- HKD40 per hour
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (HKD) |
|---|---|
|
Entry-Level
Fresh Graduate
|
20,000 |
|
Mid-Level
5 Years
|
30,000 |
|
Experienced & Managerial Level
10 Years
|
40,000 |
|
Specialized & Senior-Level
15 Years
|
60,000 |
Annual Salary Growth
3.5%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| MPF | 5%, capped HKD1,500 per month | 5%, capped at HKD1,500 per month | All staff |
Other Benefit
Other common employment benefits in Hong Kong include:
- Private Medical and Dental Insurance: HKD500 per month
Income Tax
Residents
-
Tax period: 1 Apr - 31 Mar year ended of previous year.
Tax filing start date: 1 Apr of the following year.
Tax filing due date: 31 May of the following year.
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 50,000 | 2% |
| 50,001 - 100,000 | 6% |
| 100,001 - 150,000 | 10% |
| 150,001 - 200,000 | 14% |
| 200,001 and above | 17% |
Non-residents
- Same rate as residents
Working Hours
Statutory
No regulation for working hours
Typical practice
40 hours per week, 9am to 6pm, Monday - Friday
Overtime
No statutory requirements for paid overtime
Employment Contract
Fixed Term
Probation
Optional, typically 1 - 3 months
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | 1 day | 1 day | As per the termination letter in writing or email |
| Notice Period - Regular | 1 month or as per Employment Contract signed | As per the termination letter in writing or email | As per the termination letter in writing or email |
| Severance Pay | Not Applicable | Eligibility for Severance Payment (SP) and Long Service Payment (LSP) SP: must at least work for 24 months under a continuous contract LSP: must at least work for 5 years under a continuous contract Calculation: (last month wages (capped at $22,500) x 2/3) x reckonable years of service | Eligibility for Severance Payment (SP) and Long Service Payment (LSP) SP: must at least work for 24 months under a continuous contract LSP: must at least work for 5 years under a continuous contract Calculation: (last month wages (capped at $22,500) x 2/3) x reckonable years of service |
Permanent
Probation
1 - 3 months
Termination
Refer to the employment contract signed
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | 1 day | As per the termination letter in writing or email | As per the termination letter in writing or email |
| Notice Period - Regular | 1 month or as per Employment Contract signed | As per the termination letter in writing or email | As per the termination letter in writing or email |
| Severance Pay | Not Applicable | Eligibility for Severance Payment (SP) and Long Service Payment (LSP) SP: must at least work for 24 months under a continuous contract LSP: must at least work for 5 years under a continuous contract Calculation: (last month wages (capped at $22,500) x 2/3) x reckonable years of service | Eligibility for Severance Payment (SP) and Long Service Payment (LSP) SP: must at least work for 24 months under a continuous contract LSP: must at least work for 5 years under a continuous contract Calculation: (last month wages (capped at $22,500) x 2/3) x reckonable years of service |
Public Holiday
17 days
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
7 working days -1st and 2nd year of service 8 working days - 3 years' service 9 working days - 4 years' service 10 working days - 5 years' service 11 working days - 6 years' service 12 working days -7 years' service 13 working days - 8 years' service 14 working days - over 9 years' service |
All staff with minimum 3 months' service |
| Sick Leave |
1st 12 months - 2 days per month after 12 months - 4 days per month Can be accumulated and capped at 120 days. |
All staff with continuous contract. |
| Maternity Leave |
14 weeks + 4 weeks for illness/ disability due to pregnancy or confinement |
All expectant mothers with permanent contracts and 40 weeks continuous service |
| Paternity Leave | 5 working days per birth | All expectant biological fathers with permanent contracts and 40 weeks continuous service |
Reference
- https://www.numbeo.com/cost-of-living/in/Hong-Kong
- https://www.gov.hk/en/residents/taxes/taxfiling/taxrates/salariesrates.htm
- https://www.labour.gov.hk
- https://www.labour.gov.hk/eng/public/wcp/ConciseGuide/02.pdf
- https://www.labour.gov.hk/eng/public/ConciseGuide.htm
- https://www.labour.gov.hk/eng/legislat/content2.htm
- https://www.labour.gov.hk/eng/public/wcp/ConciseGuide/09.pdf
- https://www.labour.gov.hk/eng/public/wcp/ConciseGuide/11.pdf
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000