HONG KONG PROPERTY E-STAMPING SYSTEM

Hong Kong, one of the first two countries in the world to offer e-stamping for property transfer documents, has now reorganized its electronic stamping bureau after 4 years of effective service. The Inland Revenue Department launched the E-Stamping service for tenancy agreements, sale agreements, and assignments of landed properties. E-Stamping provides a faster, more efficient and convenient option to the age-old bureaucratic manual stamping service and is also highly reliable. In fact, some countries, such as India have moved into an e-stamping regime to fight against rampant property paper counterfeits. These questions will be answered to better understand the Hong Kong E-Stamp system: For What Type of Agreements are E-Stamps Used?; Are E-Stamps Safe-- How is the System Secured?; Do I Have to Use E-Stamps for Hong Kong Property Transactions?; What is the Rate of Stamp Duty?

The following questions have been addressed in this article:

For What Type of Agreements are E-Stamps Used?
Are E-Stamps Safe -- How is the System Secured?
Do I Have to Use E-Stamps for Hong Kong Property Transactions?
What is the Rate of Stamp Duty?

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