452446Import for wholesale of watches and clocks
鐘錶進口批發
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 watches and clocks. It includes the procurement and distribution of these timekeeping devices to retailers or other businesses, rather than direct sales to consumers.
This classification includes
- clocks, import for wholesale
- watches, 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 watches and clocks for wholesale, which typically requires physical presence in Hong Kong for storage and distribution. Contracts are often negotiated with local suppliers and customers, making it difficult to qualify for offshore treatment.
Business registration wording
Suggested business nature for this activity
English
IMPORT FOR WHOLESALE OF WATCHES AND CLOCKS
42/60 characters
Chinese 中文
鐘錶進口批發
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 watches?
Yes, you need to comply with import regulations and may require specific licenses depending on the products.
What are the tax implications for wholesale imports?
Profits from wholesale activities are subject to Hong Kong profits tax. Ensure compliance with local tax regulations.
Can I operate this business from outside Hong Kong?
While you can manage operations remotely, physical presence in Hong Kong is typically necessary for import and wholesale activities.
Incorporate in Hong Kong
Starting a import for wholesale of watches and clocks 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