OUR EXPERTISE
Your Professional Payroll Provider
Payroll Processing
IBC provides comprehensive payroll services to our clients including local and international companies. IBC also provides individual and tailored payroll solutions to suit your business needs.
New Joiners and Leavers Administration
Gross to Net Salary Calculation
Final Payment Calculation in Accordance with Statutory Requirements
Statutory Average Daily Wage Adjustment Calculations As Per Employment Amendment Ordinance
Statutory Minimum Wage Calculation
Payment Processing:
1. Bank File Preparation
2. Payroll Remittance
Payslip Distribution
Pension Administration:
MPF/ORSO
IBC offers a full range of pensions administration solutions and services to our clients. Facing increasingly complex pension schemes, IBC is dedicated to providing professional and all-around pension administration advice and services to you.
Calculating Statutory and Voluntary Monthly MPF/ORSO Contributions
Acting as a Contact Person to Liaise with the Trustees on Pension Matters
Appointed as the Authorized Signatory of the Company on Pension Matters
Receiving Pensions Correspondences on Company's Behalf
Submitting the Monthly Pensions Statements
Ensuring That Contributions Payments Are Made Timely Before the Statutory Deadlines to Avoid Penalties
Employees' Pensions Enrollment and Termination Notification to the Trustee
Tax Compliance: Employer's Returns
IBC understands that compliance is difficult to many local and international companies, and therefore IBC provides tax compliance services to help you ensure compliance with the latest Ordinance to avoid incorrect filing, fines, penalties, or even potential lawsuits.
Annual Employer's Return of Remuneration and Pensions (Form IR56B) and Declaration (Form BIR56A)
Notification of Remuneration Paid to Persons Other Than Employees (Form IR56M)
Notification of Commencement of Employment (Form IR56E)
Notification of Cessation of Employment (Form IR56F)
Notification of Departure from Hong Kong (Form IR56G) and Withhold Final payments Whenever Necessary
Working Visa Application
It is very common for a company recruiting an expat to be relocated to Hong Kong. However, applying Hong Kong working visa can be a very prolonged process, sometimes may be quite stressful if certain criteria set by Immigration Department are not met. IBC definitely walks you through the working visa process step by step.
1. Assistance to Apply for a New Hong Kong Working Visa
2. Assistance to Apply for a New Hong Kong Training Visa
3. Assistance to Renew a New Hong Kong Working and/or Training Visa
4. Change of Sponsorship of Employment Visa
5. Transfer of Endorsement
Professional visa consultation
(Trainer should apply for working visa instead of training visa)
Assistance to complete and review forms and documents in strict compliance with Hong Kong immigration policy
Preparing and drafting reply letters to answer the query of Immigration Department and/or other related authorities
Replying the query of Immigration Department and/or other related authorities on behalf of the applicant
Employees’ Compensation Insurance
Setting up an Employees' Compensation Insurance is compulsory, when an employer employs any employee in any employment under the Section 40 of Employees’ Compensation Ordinance. IBC provides the Employees' Compensation Insurance setup and renewal services to the clients to avoid contravention of the Ordinance and protect your employees.
Assistance to Set Up a Employee Compensation Insurance (ECI)
Arranging Compensation Insurance Renewal
Company Incorporation & Company Secretarial Services
Hong Kong is one of the most business-friendly cities in the world, and however, setting up a company in Hong Kong can be hard, especially if you don't know where to start. Our experts own professional knowledge and experience in providing company registration and other company secretarial services.
Company Registration and Incorporation
Appointment and Change of Company Secretary, Director or Auditor
Filing of Annual Return
Distribution of Dividends
Maintenance of the Significant Controller Register
Preparation of the Annual General Meeting (AGM) Documents
Other Value-added Services
Our experts own extensive experiences in various HR and Payroll advisory services including but not limited to