27 May 2013
Order to reduce levy rate of Business Registration Certificate
The Business Registration Ordinance (Amendment of Schedule 2) Order 2013 (Order) was gazetted on May 24, 2013 and will be introduced into the Legislative Council on May 29, 2013.
The Order seeks to reduce the levy rate of the Business Registration Certificate (BRC) from HK$450 per annum to HK$250 per annum with effect from July 19, 2013.
Concomitant with the favourable local economy in recent years and balancing various relevant factors, the proposal was endorsed by the Labour Advisory Board and has gone through consultation with the Legislative Council Panel on Manpower.
The new rate will be applicable to :-
- business registration certificates to be issued on simultaneous business registration applications if the related incorporation applications are made on or after July 19, 2013 and;
- for other cases, business/branch registration certificates beginning on or after July 19, 2013.
Please feel free to contact us should you require more information on the above.
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