Abolition of Capital Duty and Reduction of Business Registration Fee in Hong KongMichelle Y. W. Chow,David A. Ellis,Winnie S.Y. Lam, March 28, 2012
As from 1 June 2012, capital duty currently levied on Hong Kong companies on the increase of its share capital will be abolished. Previously a fee of HK$1 per HK$1000 of capital increase capped at HK$30,000 per capital raising applied. Its abolition will allow Hong Kong companies to raise their...