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Fees Reduction on Annual Return and e-Incorporation of Companies

Time:   25.08.2020

The Companies (Fees) (Amendment) Regulation 2020 will come into operation in Hong Kong on 1 October 2020. The registration fees for annual returns (except for late delivery) charge by the Companies Registry (“CR”) will be waived for 2 years, from 1 October 2020 to 30 September 2022. It reduce the fee payable by 10% for electronic incorporation of companies, including registration of non-Hong Kong companies, to encouraging the wider use of its electronic services.

The fees payable after the implementation of the proposals are set out at below.

  1. Waiver of registration fees for annual returns which are delivered on time

    Type of Companies

    Existing fee

    from 1 October 2020 to 30 September 2022

    Private company

    $105

    Waive

    Public company

    $140

    Waive

    Guarantee company

    $105

    Waive

    Non-Hong Kong company

    $180

    Waive


  2. Reduction of fees for applications delivered in electronic form

    Item

    Fee item

    Existing fee

    Reduced fee

    Part 1 – Fees payable in relation to company having share capital

    1.

    For registration of a company having share capital, re-registration of an unlimited company as a company limited by shares or registration of an eligible company as an unlimited company

    $1,425

    $1,280

    2.

    For lodging of the relevant forms and accompanying documents for registration or reregistration

    $295

    $265

           Part 2 – Fees payable in relation to company limited by guarantee

    1.

    For registration of a company limited by guarantee or registration of an eligible company as a company limited by guarantee –



    (a)   with 25 members or less

    $170

    $155

    (b)   with members exceeding 25 but not exceeding 100

    $340

    $305

    (c)   with members exceeding 100

    $340 plus $20 for every additional 50 members (or less) after the first 100 members, subject to a maximum sum of $1,025

    $305 plus $18 for every additional 50 members (or less) after the first 100 members, subject to a maximum sum of $925

    2.

    For registration of any subsequent increase in the number of members in the company, in respect of every 50 members (or less) of that increase

    $20 (but the sum of the fee payable for that increase,

    the fee paid on the registration of the company, and the fee paid for any previous increase in the number of members of the company, must not exceed $1,025)

    $18 (but the sum of the fee payable for that increase, the fee paid on the registration of the company, and the fee paid for any previous increase in the number of members of the company, must not exceed $925)

    Part 3 – Fees payable in relation to registered non-Hong Kong company

    1.

    For registration of a non-Hong Kong company

    $1,425

    $1,280

    2.

    For lodging of the relevant form and accompanying documents for registration

    $295

    $265


See also:

1、 【Hong Kong Company Incorporation Package #HKLC05 Completed Package】
        https://kaizencpa.com/Services/info/id/29.html

2、 【The Companies (Fees) (Amendment) Regulation 2020】
        https://www.legco.gov.hk/yr19-20/english/subleg/negative/2020ln062-e.pdf

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