452407Import for wholesale of rope, cord and netting appliances
繩索及網類用具進口批發
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 various types of rope, cordage, and netting appliances. It includes products such as fishing nets intended for recreational use, as well as twine and other cord-like materials.
This classification includes
- cordage, import for wholesale
- fishing nets for recreation, import for wholesale
- rope, import for wholesale
- twine, 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 rope, cord, and netting appliances can involve offshore contracts, the nature of the business often requires physical presence in Hong Kong for storage and distribution. This connection to local operations limits the potential for offshore tax treatment.
Business registration wording
Suggested business nature for this activity
English
IMPORT FOR WHOLESALE OF ROPE, CORD AND NETTING APPLIANCES
57/60 characters
Chinese 中文
繩索及網類用具進口批發
11/30 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 these products?
Yes, you may need specific licenses depending on the type of products and their intended use.
What are the tax implications for wholesale activities?
Wholesale activities are subject to Hong Kong profits tax, but you may benefit from deductions related to business expenses.
How do I classify my business for registration?
You should classify your business under the appropriate HSIC code that reflects your primary activities, such as import and wholesale.
Incorporate in Hong Kong
Starting a import for wholesale of rope, cord and netting appliances 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