Is the MPF mandatory in Hong Kong?
MPF is compulsory for all the employees in Hong Kong who have signed a contract for at least 60 days and for the self-employed persons whose age ranges between 18 and 65 years.
What is the retirement age of Hong Kong?
There is no statutory age for retiring in Hong Kong. However, the government is working towards increasing the retirement age of the civil servant from the 55-60 range to 60-65 depending on the entry [...]
What are the benefits of social security in Hong Kong?
Social security can act as insurance for medical expenses and as a saving scheme to help retired persons and those who are old.
What is Hong Kong’s MPF?
Hong Kong’s MPF – Mandatory Provident Fund (強制性公積金) is a compulsory saving scheme that serves as pension fund for Hong Kong residents.
Can I use my home as the local registered address for my Hong Kong company?
Yes, you may use your home address to conduct small businesses.
What is the minimum paid up capital if I want to start a company in Hong Kong?
The minimum amount of capital required to start a business in Hong Kong is 1 HKD.
Which industries should I consider for start-up in Hong Kong?
Hong Kong is currently working towards improving its technology. Therefore, as a start-up, you should consider the innovation industry and other tech-related industries. Otherwise, business consultant, and professional services like accounting, law, [...]
What can make an industry bad for start-up in Hong Kong?
Some of the factors that might make an industry bad for start-up are a huge amount of capital, competition, and difficulty in penetrating the market.
Does Hong Kong have an export tax on items exports from HKSAR?
No, Hong Kong does not have an export tax on items exports from HKSAR.
Does Hong Kong have importation and exportation restrictions?
Yes, Hong Kong does impose importation and exportation restrictions on the goods or products moving in and out of the country for safety purposes.