452425Import for wholesale of Chinese drugs and herbs
中成藥及中草藥進口批發
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 Chinese drugs and herbs, including various traditional medicinal products such as Chinese medicated wine, bone-setting medicated liquor, and tonic wine. It encompasses the distribution of these products to retailers or other businesses rather than direct sales to consumers.
This classification includes
- Chinese drugs, import for wholesale
- Chinese herbs, import for wholesale
- Chinese medicated wine, import for wholesale
- bone-setting medicated liquor, import for wholesale
- tonic wine, 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
LowThis activity involves importing and wholesaling Chinese drugs and herbs, which typically requires local premises and licenses in Hong Kong. Contracts are often negotiated and concluded within the region, making it difficult to qualify for offshore non-taxable treatment.
Business registration wording
Suggested business nature for this activity
English
IMPORT FOR WHOLESALE OF CHINESE DRUGS AND HERBS
47/60 characters
Chinese 中文
中成藥及中草藥進口批發
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
What licenses are needed for this activity?
You will need a business registration certificate and may require specific licenses for importing and wholesaling Chinese medicines.
Are there any restrictions on the types of herbs?
Yes, certain herbs may be regulated or prohibited. It's essential to check the latest regulations on herbal imports.
How is tax applied to wholesale activities?
Profits from wholesale activities are subject to Hong Kong profits tax. Ensure compliance with local tax regulations.
Incorporate in Hong Kong
Starting a import for wholesale of chinese drugs and herbs 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