131103Spinning, wool
紡毛紗
Why 6 digits?
HSIC subclasses are 6 digits. The first four match the international ISIC class; Hong Kong adds a two-digit local suffix for finer detail, especially across its import and export trade, so a code steps from a 4-digit class straight to a 6-digit subclass. More on the HSIC structure.
This activity involves the production of yarn from wool fibers through the spinning process. It includes both woollen yarn spinning, which produces thicker, softer yarns, and worsted yarn spinning, which creates smoother, finer yarns suitable for various textile applications.
This classification includes
- woollen yarn spinning
- worsted yarn spinning
Licences and approvals
What this activity needs to operate
No sector-specific licence applies to this activity. It can be set up as a standard Hong Kong company without extra regulatory approvals. Premises-based or product-based permits can still apply case by case; Emerhub confirms the exact position during scoping.
Offshore profits claim feasibility
LowWool spinning and yarn manufacturing activities are typically conducted within Hong Kong, involving local customers and suppliers. The nature of the business requires physical presence and operations in the region, making it less feasible for offshore tax treatment.
Business registration wording
Suggested business nature for this activity
English
WOOL SPINNING AND YARN MANUFACTURING SERVICES
45/60 characters
Chinese 中文
紡毛紗及毛紗製造
8/30 characters
Standard compliance
Compliance every Hong Kong company shares
Beyond anything specific to this activity, every Hong Kong company handles two-tiered profits tax, the annual return (Form NAR1) within 42 days of its incorporation anniversary, audited accounts, MPF enrolment for staff, and a company secretary. Emerhub runs all of it on your behalf.
See the full Hong Kong compliance calendarFrequently asked questions
Do I need a license to operate a wool spinning business?
Yes, you may need specific licenses related to manufacturing and textile production in Hong Kong.
What are the tax implications for this business?
Profits generated from this activity are subject to Hong Kong profits tax, as it is considered a local business.
Can I operate this business from an offshore location?
Operating a wool spinning business from an offshore location is challenging due to the need for local resources and customer engagement.
Incorporate in Hong Kong
Starting a spinning, wool business in Hong Kong?
Emerhub incorporates your company, registers the business nature above with the IRD, files every licence application, and runs your company secretary and compliance calendar. You provide the documents; Emerhub handles every government interaction.
Start incorporation with Emerhub