Multiplier is the top pick for Hong Kong — owned entity, full MPF handling, bilingual English/Cantonese/Mandarin support, and $199/mo cheaper than Deel. Deel is the better choice for financial services and professional services firms where employment agreements involve complex bonus structures, garden leave clauses, and IP assignment. Hong Kong’s Employment Ordinance is employer-friendly by Asian standards — most major providers perform well here, so price and sector-specific expertise are the deciding factors.
Hong Kong remains one of Asia’s premier financial and business hubs — common law employment framework, low tax rates, world-class banking. EOR is widely used for financial services, tech, and professional services firms entering or expanding in HK without a local entity.
Why Companies Use EOR in Hong Kong
- Fast market entry: EOR onboarding takes 3–7 business days
- MPF complexity: The Mandatory Provident Fund requires employer registration, trustee selection, and monthly contribution management — handled natively by top EOR providers
- Employment Ordinance compliance: Annual leave, 17 statutory holidays, sickness allowance, and severance calculations require precision
- Entity alternatives: Setting up a Hong Kong company is relatively fast (1–2 weeks) but costly for small headcount. EOR is cost-effective for under 8–10 employees.
Top EOR Providers for Hong Kong
| Provider | HK Entity | MPF Handling | Bilingual (EN/ZH) | Monthly Fee | Rating |
|---|---|---|---|---|---|
| Multiplier | Owned | Full | Yes | $400/mo | 4.7 |
| Deel | Owned | Full | Yes | $599/mo | 4.8 |
| Remote | Owned | Full | Partial | $599/mo | 4.7 |
| G-P | Owned | Full | Yes | $599+/mo | 4.5 |
| Payoneer WFM | Owned | Full | Limited | From $199/mo | 4.3 |
1. Multiplier — Best Overall for Hong Kong
Multiplier’s owned HK entity and bilingual (English/Cantonese/Mandarin) HR support make it the top-rated value option for Hong Kong hiring.
Hong Kong-specific strengths:
- Owned HK entity — not a partner or agent model
- Full MPF registration and contribution management (5% employer, 5% employee, capped at HKD 1,500/mo each)
- Employment Ordinance compliant contracts: annual leave, sickness allowance, statutory holidays
- Handles both Part I (manual/non-manual) and executive-level employment terms
- Bilingual employee communications and contracts
Best for: Default choice — best price, solid compliance, bilingual support.
2. Deel — Best for Finance and Professional Services
Deel’s deep HK financial services network gives it specific advantages for fintech and professional services firms where employment agreements are more complex — discretionary bonuses, 1–3 month notice periods, and garden leave clauses are standard, not exceptions.
Hong Kong-specific strengths:
- Fast onboarding (3–5 business days)
- HKD payroll with competitive FX rates
- Long-form employment contracts with garden leave and IP assignment clauses
- MPF trustee management via HSBC Mandatory Provident Fund
Best for: Financial services, fintech, legal, or professional services hiring in HK.
3. Payoneer WFM — Budget Option
For lower-cost professional hiring — tech support, operations roles — Payoneer WFM’s entry pricing makes it the budget leader in Hong Kong. Compliance is solid. Platform UI is less polished than Deel or Multiplier.
Best for: Cost-sensitive hiring of non-executive roles.
Hong Kong Employment Compliance Snapshot
| Obligation | Employer Rate | Employee Rate |
|---|---|---|
| Mandatory Provident Fund (MPF) | 5% of relevant income | 5% of relevant income |
| MPF cap | HKD 1,500/mo max | HKD 1,500/mo max |
| MPF minimum | 0 (below HKD 7,100/mo) | 0 (below HKD 7,100/mo) |
| Salaries Tax | — | 2–17% (or 15% standard) |
| Minimum wage | HKD 40/hour (2023, review pending) | — |
| Annual leave | 7 days (after 1 year), up to 14 | — |
| Statutory holidays | 17 days/year | — |
| Maternity leave | 14 weeks | — |
| Paternity leave | 5 days | — |
| Sickness allowance | 80% of wages (after 4 qualifying days) | — |
MPF — Key Points for EOR Users
The Mandatory Provident Fund (MPF) is Hong Kong’s occupational retirement scheme:
- Both employer and employee contribute 5% of relevant income, each capped at HKD 1,500/month
- Employees earning below HKD 7,100/month are exempt from contributing (employer still contributes)
- MPF contributions are made to a registered trustee (e.g., HSBC, BOCI-Prudential, AIA)
- Contributions are due within the first 60 days of employment
- Voluntary contributions above mandatory amounts are tax-deductible for employees up to a cap
Your EOR registers with an MPF trustee on day one and manages all monthly remittances.
Severance and Long Service Payment
Hong Kong has two types of statutory termination payments — both calculated by your EOR:
Severance Payment: Payable when the employer terminates due to redundancy. Calculated as 2/3 × last month’s wages × years of service, capped at HKD 390,000. Requires 2+ years of continuous employment.
Long Service Payment: Payable after 5+ years when the employee resigns or is dismissed (non-misconduct). Same formula as severance. MPF benefits may offset the payment.
Frequently Asked Questions
Is Hong Kong EOR more expensive than Singapore EOR? EOR fees are roughly similar — both start around $400–600/mo. Salary levels in HK tend to be higher than most other Asian markets, which pushes total employment cost higher even if the EOR fee is identical.
Do I need to file corporate taxes in Hong Kong if I use an EOR? No. You have no legal entity in Hong Kong. Only the EOR provider (as the legal employer) has tax obligations. Your employees file personal salaries tax independently. You invoice the EOR for services rendered.
How does Hong Kong’s territorial tax system affect my EOR employees? HK taxes income earned in or derived from HK. Employees of an HK EOR entity pay Salaries Tax only on HK-sourced income. Straightforward for locally-based employees. Cross-border remote workers may have more complex situations — flag these to your EOR before onboarding.
How many statutory holidays are required in Hong Kong? 17 statutory holidays per year under the Employment Ordinance — Lunar New Year (3 days), Ching Ming, Labour Day, Buddha’s Birthday, Tuen Ng, HKSAR Establishment Day, Ghost Festival, National Day (2 days), Chung Yeung, Christmas (2 days), and others.
Can an EOR employ an expat on a work visa in Hong Kong? Yes, but the EOR must be the visa sponsor. Most top providers support Employment Visa sponsorship for Hong Kong. Processing time is typically 4–8 weeks via the HK Immigration Department.
