452702Import for wholesale of oil fuels and lubricants
燃油及潤滑油進口批發
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 oil fuels and lubricants, including automotive fuels, coolants, and various types of lubricants. It encompasses the procurement and distribution of these products to retailers or other businesses rather than direct sales to consumers.
This classification includes
- automotive fuel, import for wholesale
- coolant, import for wholesale
- lubricant, 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
MediumProfits from this activity may qualify for offshore treatment if contracts are negotiated and concluded outside of Hong Kong. However, the nature of the business often requires local operations and interactions with HK customers, which limits the feasibility of offshore status.
Business registration wording
Suggested business nature for this activity
English
IMPORT FOR WHOLESALE OF OIL FUELS AND LUBRICANTS
48/60 characters
Chinese 中文
燃油及潤滑油進口批發
10/30 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 specific license for importing fuels?
Yes, you will need to obtain an import license for fuels and lubricants from the relevant authorities in Hong Kong.
What are the tax implications for this business?
Profits from this business are subject to Hong Kong profits tax unless qualifying for offshore treatment based on operational activities.
Can I operate this business without a physical presence in HK?
While some aspects can be managed remotely, a physical presence may be necessary for compliance and customer engagement.
Incorporate in Hong Kong
Starting a import for wholesale of oil fuels and lubricants 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