If you’re running a business in Hong Kong, you’ll need to renew your business registration certificate every year. It’s important to know how much the renewal fee is so that you can budget accordingly and avoid any penalties for late payment.
As of 2021, the business registration renewal fee in Hong Kong is HK$3,200. This fee is payable to the Inland Revenue Department (IRD) and must be paid within one month of the renewal date. The renewal date is the anniversary of the date when you first registered your business with the Companies Registry.
It’s worth noting that if you fail to pay the renewal fee on time, you’ll be subject to a penalty fee of HK$300 per month. This can add up quickly, so it’s important to make sure you’ve budgeted for the renewal fee and paid it on time.
In addition to the renewal fee, you may also need to pay other fees related to business registration in Hong Kong. For example, if you need to change any of the details on your business registration certificate, such as your company name or registered address, you’ll need to pay a fee for this.
Overall, it’s important to stay on top of your business registration renewal in Hong Kong and budget accordingly to avoid any penalties or delays.