460202Wholesale of cotton, textile fibre and yarn
棉花、紡織纖維及紗線批發
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 trade of cotton, textile fibers, and yarns, including various forms such as balls of thread, knitting yarn, and polyester threads. It encompasses the distribution of these materials to retailers or other businesses rather than direct sales to consumers.
This classification includes
- balls of thread, wholesale
- knitted pieces, wholesale
- knitting yarn, wholesale
- threads, polyester, 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 wholesale activities may qualify for offshore treatment if contracts are negotiated and concluded outside of Hong Kong. However, the nature of the business often involves local customers and suppliers, which ties the activity to Hong Kong.
Business registration wording
Suggested business nature for this activity
English
WHOLESALE OF COTTON AND TEXTILE FIBRE AND YARN
46/60 characters
Chinese 中文
棉花及紡織纖維紗線批發
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
Do I need a license for wholesale activities?
No specific license is required for wholesale of cotton and textile fibres in Hong Kong. However, general business registration is necessary.
What are the tax implications for this business?
Profits from wholesale activities are subject to Hong Kong profits tax unless qualifying for offshore treatment based on contract negotiations.
Can I operate this business remotely?
Yes, you can manage wholesale operations remotely, but ensure compliance with local regulations and maintain proper records.
Incorporate in Hong Kong
Starting a wholesale of cotton, textile fibre and yarn 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