452703Import for wholesale of petroleum products (kerosene and L.P. gas)
石油產品(火水及石油氣)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 petroleum products, specifically kerosene and liquefied petroleum gas (L.P. gas). It includes the procurement and distribution of these products for industrial use, ensuring they are available for various commercial applications.
This classification includes
- LP gas, import for wholesale
- diesel oil for industrial use, import for wholesale
- kerosene, 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 petroleum products can be conducted offshore, the nature of the business often requires local operations and compliance with Hong Kong regulations. Contracts are typically negotiated with local entities, making it less likely to qualify for offshore treatment.
Business registration wording
Suggested business nature for this activity
English
IMPORT FOR WHOLESALE OF PETROLEUM PRODUCTS
42/60 characters
Chinese 中文
石油產品進口批發
8/30 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 petroleum products?
Yes, you need to obtain a license from the Hong Kong government to import petroleum products.
What are the tax implications for this business?
Profits from this business are subject to Hong Kong profits tax unless qualifying for offshore treatment.
Are there specific operational requirements?
Yes, you must comply with safety and environmental regulations related to the handling and storage of petroleum products.
Incorporate in Hong Kong
Starting a import for wholesale of petroleum products (kerosene and l.p. gas) 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