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2020 HK Budget Highlight – Wavier of Business Registration Fee
According to the 2020/21 Budget, the Inland Revenue Department (IRD) will waive 1-year Business Registration (BR) fee [HK$2,000 / US$250] starting from 1 April 2020 to 31 March 2021. Application of 1-year BR Certificate within the waiver period will be free of charge. AsiaBC has already reflected this change on our quotation of All-Round HK Company Formation Package.Incorporate in Hong Kong
Here’s a quick summary of the latest reliefs for enterprises announced by the HK Govt, chat live for any queries!
1. ‘$0’ Business Registration Fees
2. ‘$0’ Annual Return Fees for 2 Years
3. 100% Profits Tax & Salaries Tax Reduction for 2019/20
4. Max. 2 Million Low-Interest Loan for HK Enterprises
Note: The levies on BR Certificate and Certificate of Incorporation, which are collected by the IRD and Company Registry respectively, remain unchanged.