Fees Required to Become a Registrar

1.  HKIRC is entitled to change the Fees set out in this Schedule from time to time by giving the Registrar at least fourteen (14) days notice.
2.  The Fees comprise of:
(a)  Fees for Accreditation
(i)  Application Fee
The Application Fee is HK$10,000 which shall be a one-off, non-refundable payment.
(ii)  Accreditation Fee
The Accreditation Fee is HK$10,000 per annum, payable on the Commencement Date of the Registrar Agreement, and then on each anniversary date of the Commencement Date of the Registrar Agreement. The Accreditation Fee is non-refundable.
(b)  Fees for Domain Name service
The Registrar shall pay HKIRC on every registration, renewal, reinstatement and/or other Domain Name services the amount specified by HKIRC as in the registrar agreement. The fee schedule is subject to change and the Registrar shall comply with the most updated version of the fee schedule. HKIRC shall notify the Registrar of any change to the Fee Schedule by giving the Registrar fourteen (14) days notice of such change.
(c)  Minimum Balance requirements
(i)  The Registrar shall at all times and pursuant to clause 6.4 of the Registrar Agreement maintain a Minimum Balance, as follows:
HK$15 per domain name up to a maximum of HK$15,000
(ii)  HKIRC may change the amount prescribed from time to time. HKIRC shall notify the Registrar of any change to the Minimum Balance by giving the Registrar fourteen (14) days notice of such change.