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Important Notice

Waiver of Business Registration Fees for One Year
(from 1 April 2016 to 31 March 2017)

The Revenue (Reduction of Business Registration Fees) Order 2016 (”the Order”) was published in the Government Gazette on 24 February 2016. By the Order, the fees payable in respect of business registration certificates and branch registration certificates that commence on or after 1 April 2016 but before 1 April 2017 will be reduced by a sum of $2,000 and $73 respectively. Taking into account of the Order, this Office has not demanded the registration fee for the above period in the renewal certificate and demand note for the business or branch. Levy still remains payable.

Please note that the Order is still subject to scrutiny by the Legislative Council. In the event that the Order is not passed or is amended by the Legislative Council, this Office would notify the proper amount payable for the business or branch.

For further enquiry, please call 187 8088.

Business Registration Office
Inland Revenue Department
March 2016

IRBR202 (2/2016)

A shareholder can sell all or part of his shares to another person. The Stamp Duty Office charges stamp duty for share transfer. The stamp duty is 0.2% of either the net asset of the company or the sale price of the shares, whichever is the higher. Our share transfer service includes:

1. Instrument of Transfer
2. Bought Note and Sold Note
3. Account confirmation letter
4. Preparation and filing of items 1. - 3.

The documents required by the Stamp Duty Office are:

1. A copy of the Certificate of Incorporation
2. A copy of the Articles of Association
3. The latest audited account of the company, if the company has conducted business or had assets
4. The management account less than 3 months old of the company, if the company has conducted business or had assets
5. Government form declaring values of real estate properties, if the company is holding any real estate property
6. A copy of Form NSC1, if any
7. Share transfer documents, if any
8. Share transfer agreement, if any

A company can add a new shareholder by allotting new shares to the shareholder. Our share allotment service includes:

1. Application for shares for each shareholder
2. Directors’ minutes approving the share allotment
3. Company’s minutes authorizing the directors to allot new shares
4. Preparation and filing of the Form NSC1

The following information is needed for documents preparation:

1. the new shareholder’s passport page scan copy showing the name
2. his residential address
3. number of shares / percentage of ownership he is going to acquire
4. the amount of fund he is going to pay to the company for the shares / percentage of ownership

Our company name change service includes:

1. Directors’ minutes authorizing the change of company name
2. EGM minutes authorizing the change of company name
3. Certificate of Name Change
4. New Business Registration Certificate
5. A set of new company chops

Items 1.- 4. are required for changing company name at the bank, and the signatures on item 1. must match the signatures on bank’s record. It takes 2 days to update the government record, additional 2 days to receive the new Business Registration Certificate. It will take the bank two weeks to update the company name after submitting items 1.- 4. to the bank separately.