242300Precious metal refinery (excl. goldsmithing and silversmithing)
貴金屬提煉(打金及打銀除外)
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 refining of precious metals, excluding processes related to goldsmithing and silversmithing. It includes the reclamation of precious metals from scrap materials, ensuring the recovery and purification of metals such as platinum, palladium, and others.
This classification includes
- precious metal, refining
- reclaiming precious metal from scrap
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
MediumThis activity typically requires physical presence in Hong Kong for refining processes. Contracts may be negotiated offshore, but the actual refining and reclaiming operations are usually conducted within Hong Kong, making it less likely to qualify for offshore treatment.
Business registration wording
Suggested business nature for this activity
English
PRECIOUS METAL REFINING INCLUDING SCRAP RECLAIMING
50/60 characters
Chinese 中文
貴金屬提煉及回收
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
What licenses are required?
You need a business registration certificate and may require specific environmental permits for refining operations.
How is tax treated for this activity?
Profits from refining activities are subject to Hong Kong profits tax unless qualifying for offshore treatment.
Can I reclaim precious metals from overseas?
Yes, you can reclaim precious metals from overseas sources, but ensure compliance with local regulations.
Incorporate in Hong Kong
Starting a precious metal refinery (excl. goldsmithing and silversmithing) 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