452744Import for wholesale of waste and scrap
廢物及廢料進口批發
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 waste and scrap materials, including cloth waste, metal scraps, paper waste, and waste aluminum cans from soft drinks and carbonated waters. It encompasses the procurement and distribution of these materials for further processing or recycling.
This classification includes
- cloth waste, import for wholesale
- metal scraps, import for wholesale
- paper waste, import for wholesale
- waste aluminium cans of soft drinks and carbonated waters, 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 of waste and scrap materials can be negotiated offshore, the physical handling and processing of these materials typically occur in Hong Kong. This connection to local operations and regulations limits the potential for offshore tax treatment.
Business registration wording
Suggested business nature for this activity
English
IMPORT FOR WHOLESALE OF WASTE AND SCRAP MATERIALS
49/60 characters
Chinese 中文
廢物及廢料進口批發
9/30 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 waste?
Yes, you need to apply for an import license for waste materials under Hong Kong regulations.
What are the tax implications for this business?
Profits from this activity are subject to Hong Kong profits tax unless qualifying for offshore treatment.
Can I operate this business without a physical office?
Having a physical presence in Hong Kong is generally required for compliance and operational purposes.
Incorporate in Hong Kong
Starting a import for wholesale of waste and scrap 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