Document background
An International Assignment Agreement is essential when companies need to temporarily relocate employees to work in different countries while maintaining their employment relationship. This document, governed by Hong Kong law, serves as the primary agreement defining the terms of such assignments, including critical elements such as compensation structures, benefits packages, tax equalization policies, and repatriation terms. It's particularly important in Hong Kong's context as a major international business hub, where cross-border assignments are common and must comply with local employment, immigration, and tax regulations. The agreement helps protect both employer and employee interests by clearly documenting assignment terms, ensuring regulatory compliance, and addressing practical aspects of international relocations.
