Payroll Management & MPF Services in Hong Kong

Managing payroll and Mandatory Provident Fund (MPF) contributions in Hong Kong requires precision and compliance with the Employment Ordinance and MPF Schemes Ordinance. Echo Olesen Global provides comprehensive payroll processing and MPF management services for businesses of all sizes.

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TCSP Licensed ยท TC010076

What's Included

Monthly payroll calculation and processing
Salary payment coordination
MPF contribution calculation and remittance
Employer's Return (IR56B) preparation
New employee MPF enrollment
MPF trustee management
Leave and attendance management
Payslip generation and distribution
Year-end payroll reconciliation
Employment contract advisory

Our Process

01

Setup

We set up your payroll system, enroll employees in MPF schemes, and establish processing schedules.

02

Monthly Processing

We calculate salaries, deductions, and MPF contributions accurately each month.

03

MPF Remittance

We ensure MPF contributions are remitted to the trustee within the statutory deadline (10th of the following month).

04

Reporting

We provide monthly payroll reports and handle all employer tax return filings with the IRD.

Frequently Asked Questions

What is the MPF contribution rate in Hong Kong?
Both employers and employees are required to contribute 5% of the employee's relevant income to an MPF scheme, subject to minimum and maximum income levels. The minimum relevant income level is HK$7,100 per month, and the maximum is HK$30,000 per month (maximum contribution of HK$1,500 per month from each party).
What are the penalties for late MPF contribution?
Employers who fail to contribute or make late contributions to MPF schemes are subject to a surcharge of 5โ€“10% of the outstanding amount, plus potential prosecution. Echo Olesen Global ensures all MPF contributions are made on time.
Real Client Cases

Payroll Management & MPF Services in Hong Kong โ€” Case Studies

Real results from international clients who trusted Echo Olesen Global for their Hong Kong business needs.

๐Ÿ‡บ๐Ÿ‡ธ
Technology Company
United States ยท Software Development
8 โ†’ 15 StaffSeamless Payroll Scale
Challenge

A US tech company expanding into Hong Kong needed to hire 8 local employees but had no knowledge of Hong Kong's salaries tax, MPF contribution requirements, or employer return obligations.

Our Solution

Echo Olesen Global set up a complete payroll system, enrolled all employees in MPF schemes, calculated monthly salaries tax withholding, and prepared the annual employer's return (IR56B) for the Inland Revenue Department.

Outcome

Payroll running smoothly from day one. Zero compliance issues in the first year. The client expanded to 15 employees within 12 months with our payroll service scaling seamlessly.

๐Ÿ‡ฌ๐Ÿ‡ง
Professional Services
United Kingdom ยท Legal & Compliance
100% AccuracyMPF Compliance
Challenge

A UK law firm's HK office had been managing payroll internally but made errors in MPF contribution calculations, resulting in underpayments and potential MPFA penalties.

Our Solution

We conducted a payroll audit, identified and corrected all MPF contribution errors, made the necessary catch-up contributions, and took over the payroll function with a dedicated payroll specialist.

Outcome

All MPF arrears settled without MPFA penalties. Payroll accuracy improved to 100%. The firm's HR team reported significant time savings from outsourcing the function.

Client Reviews

What Our Clients Say

5.0
Google Reviews
๐Ÿ‡บ๐Ÿ‡ธUnited States
Verified

โ€œEcho Olesen set up our entire HK payroll and MPF system from scratch. Their team is knowledgeable about local requirements and the process was seamless. Monthly payroll is always processed accurately and on time.โ€

Catherine Wong
HR Director, TechForward Asia
April 2024
Payroll & MPF
๐Ÿ‡ฌ๐Ÿ‡งUnited Kingdom
Verified

โ€œAfter MPF errors with our previous provider, Echo Olesen cleaned up the mess and took over our payroll. Their accuracy is excellent and they handle all the IRD employer returns. Great service.โ€

Richard Foster
Operations Manager, Foster & Associates HK
June 2024
Payroll & MPF
๐Ÿ‡ฆ๐Ÿ‡บAustralia
Verified

โ€œManaging payroll for our HK team from Australia was complex. Echo Olesen handles everything โ€” salary calculations, MPF contributions, tax withholding, and employer returns. Reliable and professional.โ€

Jessica Turner
CFO, Turner Pacific Ltd
August 2024
Payroll & MPF
๐Ÿ‡จ๐Ÿ‡ฆCanada
Verified

โ€œEcho Olesen's payroll service is efficient and accurate. They handle all the complexity of HK salaries tax and MPF, and I receive a clear payroll summary every month. Excellent support for our HK operations.โ€

Eric Dubois
Country Manager, Dubois International
October 2024
Payroll & MPF

Get Expert Advice

Our licensed advisors are ready to help you with Hong Kong payroll MPF management in Hong Kong โ€” whether you're based overseas or already in the city.

Free Consultation โ†’
TCSP License: TC010076
Response within 24 hours

Why Trust Us

TCSP Licensed by Companies Registry
Physical office in North Point, HK
50+ professional team members
Remote service for overseas clients
No middlemen โ€” direct service
Transparent pricing policy
Echo Olesen Global
Typically replies within 1 hour
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