Conversion of shares by Hong Kong companyStamp duty can apply for exemption, but need to meet certain conditions can be. The general requirement is to transfer the shares of a Hong Kong company held by two companies under the same group. An exemption may be applied if two companies are not under the same groupTransfer of shares of Hong Kong company It would have to pay a stamp duty of 2.6 percent.

Apply forConversion of shares by Hong Kong companyThe documents to be provided for stamp duty exemption include affidavits or notarial documents of directors of the parent company, financial statements of the parent company and the transferee company, corporate documents of the parent company and the transferee company that can reflect the equity relationship, and equity structure drawings, etc.

It will take about three months to apply for stamp duty exemption. If there is any need for supplementary documents, further supplementary documents will be required. Stamp Duty exemption will be signed on the transfer documents if the Stamping Department considers that it can be exempted, and stamp duty will be paid if it cannot be exempted.

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