241000Manufacture of basic iron and steel (excl. casting)
基本鋼鐵的製造(鑄造除外)
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 basic iron and steel products, excluding the casting process. It includes the manufacturing of various forms such as bars, plates, sheets, and tubes, as well as the recycling of iron waste and scrap into new iron products.
This classification includes
- angles, shapes and sections of iron and steel, manufacturing
- bars of iron and steel, manufacturing
- galvanised sheets, manufacturing
- heavy plates of iron and steel, manufacturing
- hoop and strip of iron and steel, manufacturing
- iron and steel, rolling
- medium plates of iron and steel, manufacturing
- plain wire of iron and steel, manufacturing
- production of iron by recycling iron waste and scrap
- rods of iron and steel (except wire rods), manufacturing
- seamless tubes of iron and steel, manufacturing
- sheets of iron and steel, manufacturing
- tinplate, manufacturing
- welded tubes of iron and steel, manufacturing
- wire rod of iron and steel, manufacturing
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
LowThe manufacture of basic iron and steel products is inherently tied to Hong Kong premises and local operations. Contracts for manufacturing are typically negotiated and executed within the region, making it difficult to qualify for offshore non-taxable treatment.
Business registration wording
Suggested business nature for this activity
English
MANUFACTURE OF BASIC IRON AND STEEL PRODUCTS
44/60 characters
Chinese 中文
基本鋼鐵的製造
7/30 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
What licenses do I need to operate?
You may need a business registration certificate and specific licenses depending on the manufacturing processes and products.
Are there specific regulations for steel manufacturing?
Yes, you must comply with environmental regulations and safety standards applicable to manufacturing in Hong Kong.
How is tax applied to manufacturing profits?
Manufacturing profits are subject to Hong Kong profits tax, as the activity is conducted within the territory.
Incorporate in Hong Kong
Starting a manufacture of basic iron and steel (excl. casting) 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