Is there a stamp duty for allotment or transfer of shares for a Hong Kong company?
p>Stamp Duty on share capital is also known as capital duty on share capital in many other countries. Stamp Duty on share capital in Hong Kong is as follows: • No Stamp Duty is payable on the allotment of shares. • Stamp Duty is payable on the transfer of shares as below. Stamp Duty is payable on: • Transfer by way of sale or purchase of any Hong Kong stock • Transfer by way of gift of Hong Kong stock • Transfer of any other kind The rate of Stamp Duty and time limit for stamping is as follows: • For Contract Note for sale or purchase of any Hong Kong stock – 0.1% of the consideration or Net Asset Value, whichever is higher, on every sold note and every bought note. Stamp duty must be paid within 2 days after the sale or purchase, if effected in Hong Kong; within 30 days after the sale or purchase, if effected elsewhere. • For transfers by way of gift – HKD 5 + 0.2% of the value of the stock – Stamp duty must be paid within 7 days after the execution of the instrument of transfer, if e
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