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    The Hong Kong Government announced on 8 April 2020 the second round of Anti-epidemic Fund measures which included an HK$80 billion Employment Support Scheme (“ESS“) to help employers retain employees and avoid redundancies. Details of the ESS are as follows:

     

    Eligibility: The Government will provide a wage subsidy to eligible employers to retain employees and avoid redundancy. All employers who have been making MPF contributions for employees are eligible except for Government employees and employees of statutory bodies and subvented organisations. Employers have to undertake that they will not implement redundancy.

    Amount: The amount of the subsidy will be based on 50% of the monthly salary of the employee capped at HK$18,000, meaning a cap of HK$9,000 per month.

    Duration: 6 months.

    Form of payment of the subsidy: The subsidy will be paid to employers in 2 payments, with the first being not later than June 2020.

     

    The Government will also grant a one-off subsidy to self-employed persons who made contributions.

    Details of how to apply for the subsidy are not yet available.

    More details of the Government announcement can be found here: https://www.coronavirus.gov.hk/pdf/fund/20200408_supplementary_information_en.pdf

    Contact:

    Duncan Abate

    Hong Tran

    Jennifer Tam