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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
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.

Is Hong Kong a Part of China, or Not?
Hong Kong