CHAPTER 3 FEES RELATING TO THE Licensing of LLPs BY THE REGISTRAR AND THEIR REGISTRATION

Matter in relation to which fee is payable Amount of fee (USD)
Category A Category B Category C
(a) for the registration of an application for a licence under section 9 of the Commercial Licensing Regulations, 4,000.00 plus 9,000.00 for each set of business activities falling within the scope of the application 4,000.00 plus 4,000.00 for each set of business activities falling within the scope of the application 4,000.00
(b) for the registration of an application for renewal of a licence under section 10 of the Commercial Licensing Regulations, 4,000.00 4,000.00 4,000.00
(c) for the registration of an application for incorporation of an LLP as part of an application for a licence (Rule 9 of the Commercial Licensing Regulations 2015 (Conditions of Licence) Rules 2015 and section 9 of the Regulations), 1,500.00 1,500.00 1,500.00
(d) for the registration of an application for variation of a licence (section 12(1) of the Commercial Licensing Regulations), 100.00 100.00 100.00
(e) for the registration of an application for cancellation of a licence (section 12(2) of the Commercial Licensing Regulations) Nil Nil Nil

Notes:

1. "Business activity" means a description of activity specified by the Registrar for the purposes of these Rules. The Registrar may specify any number of distinct business activities for the purposes of these Rules. Business activities specified by the Registrar may or may not correspond to the controlled activities and a particular controlled activity may encompass any number of business activities specified by the Registrar. Nothing in these Rules prevents the Registrar from specifying a business activity which falls within the scope of more than one kind of controlled activity.
2. A "set" of business activities means any aggregation of up to 10 business activities. For example, a Category A applicant applying for a licence for up to 10 business activities is subject to a fee for 1 set (USD 9,000.00) in addition to the USD 4,000.00 fee. If he applies for a licence for more than 10 but up to 20 business activities, he is subject to a fee for 2 sets (USD 18,000.00) in addition to the USD 4,000.00 fee. If he applies for a licence for more than 20 but up to 30 business activities, he is subject to a fee for 3 sets (USD 27,000.00) in addition to the USD 4,000.00 fee.
3. Where an applicant applies for a licence to carry on a controlled activity, the application shall be regarded as including all business activities falling within the scope of the controlled activity.
4. "Category A" refers to any applicant for a licence to carry on the controlled activity of financial services.
5. "Category B" refers to any applicant (other than a Category C applicant) for a licence to carry on any controlled activity other than financial services.
6. "Category C" refers to any applicant for a licence to carry on the controlled activity of other economic activities where the applicant intends only to carry on the activity of retail trade.