Hong Kong

Last Update by Katie, 29 May 2024

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Exchange Rate

13 Jun 2024


Cost of Living

Indicative value for a working adult in a city: Hong Kong Island

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



Minimum Wages

  • 40 HKD per hour, or 16,300 HKD per month.

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (HKD)
Fresh Graduate
5 Years
Experienced & Managerial Level
10 Years
Specialized & Senior-Level
15 Years
> 100,000

Annual Salary Growth


Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
MPF Relevant income (up to 30,000 HKD ) x 5%, capped at 1,500 HKD Relevant income (7,100 HKD - 30,000 HKD) x 5%, capped at 1,500 HKD All staff

Other Benefit

Other common employment benefits in Hong Kong include:

  • Private Medical Insurance : Around 500 HKD per month
  • Phone Bill Allowance: Around 150 HKD per month
  • Transport Allowance: Around 500 HKD per month

Income Tax


  • Tax period: 1st April - 31st March of the previous year.
    Tax filing start date: 1st May of the following year.
    Tax filing due date: 31st 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%


  • Same rate as residents

Working Hours


No regulation for working hours
40/ 48 hours
8/ 9/10 hours a day, 5 days a week

Typical practice

40/ 48 hours
Monday- Saturday


No statutory requirements for paid overtime

Employment Contract

Fixed Term / Permanent

Fixed-term contracts may be mutually renewed without limitations.
No significant differences between a permanent and a fixed-term contract.


Optional, typically 1 - 3 months


  • During probation:
    - 1st month - No notice required
    - After the first month and before probation ends - As per contract, but not less than 7 days.
  • After probation:
    - As per contract but not less than 7 days.
    - Where contract does not specify: 1 month
  • Severance:
    - Staff are entitled severance with 2 continuous years' service, and a long service payment for employment period of up to 5 continuous years
    - Staff are not entitled to both severance and long service
    - Severance and long service are calculated based on length of service, up to 390,000 HKD for either payment

Public Holiday

13 days

Country Level

Date Name
01 Jan New Year's Day
10 Feb - 13 Feb Lunar New Year's Day
29 Mar - 30 Mar Good Friday
01 Apr Easter Monday
04 Apr Ching Ming Festival
01 May Labor Day
15 May Buddha's Birthday
10 Jun Dragon Boat Festival
01 Jul Hong Kong Special Administrative Region Establishment Day
18 Sep Day after Mid-Autumn Festival
01 Oct National Day of the People's Republic of China
11 Oct Chung Yeung Festival
25 Dec Christmas Day
26 Dec Family Day


Leave Type Entitlement Notes
Annual Leave 7 working days -1st year of service
14 working days -9 years' service
All staff with minimum 3 months' service
Sickness Allowance 120 working days All staff receiving payments under the Employees' Compensation Ordinance
Maternity Protection 14 weeks
+ 4 weeks for illness/ disability due to pregnancy or confinement
All staff with permanent contracts and 40 weeks service before maternity begins
Paternity Leave 5 working days Expectant fathers


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