452202Import for wholesale of cotton, textile fibre and yarn
棉花、紡織纖維及紗線進口批發
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 wholesale importation of cotton, textile fibers, and yarns, including various forms such as balls of thread, knitting yarn, and polyester threads. It encompasses the trade of these materials intended for further distribution rather than direct retail.
This classification includes
- balls of thread, import for wholesale
- knitted pieces, import for wholesale
- knitting yarn, import for wholesale
- threads, polyester, import for wholesale
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
MediumWhile the import and wholesale of cotton and textile products can be conducted offshore, the nature of the business often requires physical presence in Hong Kong for logistics and distribution. Contracts are typically negotiated with local suppliers and customers, making it less likely to qualify for offshore treatment.
Business registration wording
Suggested business nature for this activity
English
IMPORT FOR WHOLESALE OF COTTON TEXTILE FIBRE AND YARN
53/60 characters
Chinese 中文
棉花紡織纖維及紗線進口批發
13/30 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 for importing textiles?
Yes, you may need to obtain an import license depending on the specific textile products.
What are the tax implications for wholesale activities?
Profits from wholesale activities are subject to Hong Kong profits tax unless qualifying for offshore treatment.
Can I operate this business without a physical office?
While possible, having a physical office can facilitate operations and compliance with local regulations.
Incorporate in Hong Kong
Starting a import for wholesale of cotton, textile fibre and yarn 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