November 2023 Stamp Duty Regulatory Update With effect from 17 November 2023, the stamp duty for share transfer has been lower to 0.1%. The reduction of the rate of the Stamp Duty will lower investors’ transaction costs, improve market sentiment, and enhance the competitiveness of Hong Kong’s stock market. The Government will work with financial […]
Hong Kong considers introduction of re-domiciliation regime Earlier this year, the Hong Kong Government concluded a public consultation on implementing a company re-domiciliation system (the “Regime”). The aim is to attract more foreign businesses to Hong Kong by enabling non-Hong Kong companies to relocate their domicile to Hong Kong while retaining their original rights and […]
Unique Business Identifier With effect from 27 December 2023, Company Number (CR Number) will be replaced by the 8-digital Business Registration Number as the unique business identifier of each Hong Kong Limited Liability Company. This 8-digital Business Registration Number is your TAX Indentification Number (“TIN”) too.
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