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The Companies Ordinance (Cap. 622) (“CO”) provided for a new inspection regime for personal information on the Companies Register (“the Register”) maintained by the Companies Registry (“the Registry”).

HK Government is proposed aFrom 23 August 2021, companies may withhold from public inspection the usual residential addresses (“URAs”) of directors and full identification numbers (“IDNs”) of directors and company secretaries.

HK Government is proposed a one-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2020/21 by 100%, subject to a ceiling of $10,000 per case.

HK Government is proposed to increase the stamp duty from 0.2% to 0.26% of share transfer. It is still calculate on the consideration or net asset value, whichever is higher.

HK Government is proposed to waive business registration fees for the financial year 2021-22. It can help to save HK$2000 business registration fee.