Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan Mo-po delivered the 2023/24 budget speech on 22 February 2023. It does not mention any waiver of business registration fee this year. Therefore the total fee for application or renewal of one-year business registration certificate shall be resume back to HKD2,150.
There are two types of business registration certificate, namely 1-year certificate and 3-year certificate. The amount payable under a certificate depends on the commencement date of the registration certificate. For local companies falling within the one-stop company incorporation service, the amount payable for the first registration certificate depends on the date of making the related incorporation submission to the Companies Registry and the commencement date of the registration certificate is the date of incorporation. For renewal of certificates, the amount payable is determined by reference to the commencement date of the relevant renewal certificate. For a new business other than a local company, the commencement date of its first registration certificate is its date of commencement of business, not the date of application for business or branch registration.
The fee for the business registration certificate of a Hong Kong company is divided into two parts: the business registration fee and the levy. As the business registration fee does not have any waive in the budget, the fee for the business registration certificate for companies and branches from 1 April 2023 shall be:
Business Registration Certificate(Starting from 1 April 2023) | |||||
1-year certificate | 3-year certificate | ||||
Fee | Levy | Total | Fee | Levy | Total |
2,000 | 150 | 2,150 | 5,200 | 450 | 5,650 |
Business Registration Certificate for each Branch(Starting from 1 April 2023) | |||||
1-year certificate | 3-year certificate | ||||
Fee | Levy | Total | Fee | Levy | Total |
73 | 150 | 223 | 189 | 450 | 639 |
Kaizen suggests you consult the professional advice of tax advisors before taking actions.
Should you have any questions in relation to the proposals, please feel free to contact our CTAs in Hong Kong.
颜汉彬 Benjamin HP Yen
Tax Partner
T: +852 2270 9768
王嘉欣 Vicki Wong
Manager of Taxation Department
T: +852 2270 9725
麥慧妍 Cathy Mak
Manager of Registration & Compliance Department
T: +852 2270 9757