For those considering to recruit staff or to pay themselves a monthly salary from their Hong Kong company, the tendency is to focus on How To Pay Employees, Directors and/or Shareholders. However, it is just as necessary if not more so, to understand the essential administrative requirements involved in hiring and retaining an employee. With that said, new and prospective employer’s can use the Employer’s Timeline below as a guide to ensure they meet their obligations as an employer at the right time, avoiding unnecessary delays, complications, and even penalties. Now whereas handling the matters set out below may not be tricky, it does take time and requires some expertise to get things right. Accordingly, employers may want to consider obtaining the assistance of a service provider for the same.
Need help with payroll and/or handling an Employer’s Return or Profits Tax Return? Click below.