Hong Kong, which is in the center of the Asia-Pacific region and has a highly developed international trade sector, offers a variety of business options. Although entering this market can result in significant earnings, the procedure can be expensive and time-consuming. Our PEO services guarantee that your start in Hong Kong will be quick, easy, and compliant.
Hong Kong’s economy is heavily dependent on the services industry, with financial services and tourism being two booming sectors. Hong Kong has developed into a hub for start-ups and multinational corporations as a result of the presence of numerous cutting-edge international businesses working in eCommerce, FinTech, and software development there.
Hong Kong is a desirable nation that may provide your business with several prospects to succeed because to its highly developed free-market economy and reputation for its low tax rates.
What does a PEO UK do?
You can launch your international growth via a PEO. By working with a PEO in Hong Kong, you can start doing business within days without having to establish up a legal organization with all the associated tax registrations and onerous paperwork.
We at Bradford Jacobs set out to learn everything there is to know about Hong Kong payroll, taxes, labor laws, and other local legislation. You can easily and affordably begin your global expansion by using our resources.
As your activities grow and your workforce is enforced, we can offer specialized support for payroll, tax, HR, and compliance challenges.
You may quickly hire new foreign talent for your organization if you’re prepared to start your global success with us. We can find talent that satisfies your demands and preferences on all levels thanks to our connections and network. Your new employee can help your company in Hong Kong in days rather than months without the need for you to establish a subsidiary there.
But most importantly, we make sure your business complies with all laws and regulations because breaking them can result in serious penalties. Your preferred applicant is engaged by one of our agencies in Hong Kong and continues to be under your daily supervision.
How a Employer Of Record India operates
We recognize that your company is unique and not like any other. Solutions that support your international ambitions, goals, and business strategy are necessary. Therefore, because we are aware that no two businesses are the same, our PEO services offer a consultative approach and a customized solution.
Employer of Record (EOR) companies collaborate with PEOs. Your new workforce could be employed by this organization. With the help of our EOR firms in Hong Kong, you may manage workers locally without worrying about human resource (HR) services, taxes, payroll, hiring, firing, or adjusting to shifting local laws and employment practices.
These responsibilities will be entirely assumed by the EOR.
We come to an agreement and create a contract between you and Bradford Jacobs when you hire us as a PEO. Additionally, we reach an arrangement with your new employee in Hong Kong and have them sign an employment contract.
Your new workforce’s everyday activities and tasks will be entirely under your direction. Despite the fact that we serve as your employee’s legal employer, he or she works for your company as a member of your team.
You wish to send a current employee on assignment or find new talent in Hong Kong.
After the candidate is chosen, Bradford Jacobs, acting through our Hong Kong entity, becomes their EOR. We ensure adherence to employment agreements, payroll, human resources, tax laws, and any necessary visas or work permits.
Without the dangers, hassles, or costs associated with establishing your own subsidiary, your business may quickly establish itself in a new market on a global scale and in a privileged position.
While we handle all paperwork relating to the employee’s registration for employment, you will have daily control over them. Our advisers educate your employee with their entitlements, benefits, and holiday rules.
The employee sends us all signed declarations and finished timesheets. We will send you an invoice, and once payment is received, we will take off any authority contributions and transfer the remaining funds to the employee’s account.