452315Import for wholesale of rice
食米進口批發
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 rice, which includes the procurement and distribution of various types of rice to retailers or other businesses. It encompasses all operations related to the import process, such as logistics, storage, and wholesale transactions specifically for rice products.
This classification includes
- rice, 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
LowThe activity of importing rice for wholesale is inherently tied to Hong Kong as it involves local premises and customers. Contracts are typically negotiated and concluded within Hong Kong, making it difficult to qualify for offshore treatment.
Business registration wording
Suggested business nature for this activity
English
IMPORT FOR WHOLESALE OF RICE (食米進口批發)
37/60 characters
Chinese 中文
食米進口批發
6/30 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 import rice?
Yes, you need to apply for an import license from the relevant authorities in Hong Kong.
What are the tax implications for rice wholesale?
Profits from wholesale activities are subject to Hong Kong profits tax, as the business is conducted locally.
Can I operate this business from outside Hong Kong?
Operating this business from outside Hong Kong is challenging due to local market requirements and regulations.
Incorporate in Hong Kong
Starting a import for wholesale of rice 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