Waiver of business registration fees
According to the relevant laws and regulations in Hong Kong, qualified persons may apply for exemption from the payment of business registration fees and levies if the average monthly turnover of their business does not exceed a certain limit. Depending on the nature of the business, the amount of exemption is divided into businesses that primarily rely on the provision of services to earn profits and other businesses.
The specific exemption limits are as follows:
- Businesses that primarily rely on the provision of services to generate profits: the average monthly turnover does not exceed HK$10,000.
- Other business: The average monthly business turnover does not exceed HK$30,000.
For existing businesses, the average monthly business turnover for the 6 months immediately preceding the application is required when applying for exemption. For new business, the estimated average business value for the first 6 months after the business commenced is required.
It should be noted that a company incorporated or registered in Hong Kong and a limited partnership fund registered in Hong Kong under the LPF Ordinance are not eligible for exemption under the Companies Ordinance and therefore cannot be exempted.
If you are eligible for exemption, you can apply to the Business Registration Authority for exemption from payment of business registration fees and levies in accordance with the relevant procedures.
Exemption from payment of business registration fees and levy https://www.ird.gov.hk/chi/tax/bre_erp.htm
