Hong Kong will increase business registration fees by 10% starting from April 1. The branch registration fee payable by business branches applying for business registration will also be increased by 10%.
The relevant proposals are expected to bring about NT$295 million in additional revenue to the SAR government each year. In addition to fees, business operators must also pay a levy of $150 per business registration or branch registration every year to provide funds for the Bankruptcy and Wages Protection Fund. The SAR Government made the above recommendations taking into account the economic growth and inflation levels over the years.