Enterprises operating under the Foreign Investment Law which deal in foreign trade have to apply for exporter and importer registration at the Ministry of Trade giving particulars relating to the applicant and the commodities to be traded. The fee payable for registration as an exporter is K.2,500 and annual renewal fee is K.1,000. Similarly, registration fees for different categories of imports and for each line of import business are charged at rates of K10,000 or K5,000 depending on the nature of the business.
NOTE: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
If you would like further advice please contact: David Ellis, Johnson Stokes & Master, 16th Floor, Princes Building, 10 Chater Road, Hong Kong; Tel 2843 4226; Fax no. : 2845 9121. Alternatively do a text search "Johnson Stokes and Master" and "Business Monitor".