Hong Kong: Reduction of Business Registration Levy

It was gazetted on 10 June 2022, that the business registration levy will be reduced from HKD250 per annum to HKD150 per annum.

Subject to the passing of the Business Registration Ordinance (Amendment of Schedule 2) Order 2022 (Order) by the Legislative Council on 15 June 2022, the new levy rate will apply to incorporation applications lodged on or after 17 June 2022. For registration of non-Hong Kong companies, the new levy rate applies to business registration certificates with the date of commencement on or after 17 June 2022 (i.e. the date of commencement of business in Hong Kong is on or after that date).

This reduction of the business registration levy comes in addition to the waiving of the business registration fee for 2022/23 as announced for this year’s budget. The IRD’s updated business registration and levy fee table can be viewed here.

Marbury clients who have already been billed for their business registration fees for the coming financial year will see a credit item on their October annual invoice (where applicable). Whereas our clients who are incorporating or commencing business from 17 June onwards will be charged according to the new levy of HKD150.

For more information, please contact your usual Marbury advisor or info@marburys.com.