460402Wholesale of fabrics
布料批發
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 distribution of fabrics, which includes the buying and selling of textiles in bulk to retailers, manufacturers, and other businesses. It encompasses a variety of fabric types, including natural and synthetic materials, but does not include retail sales directly to consumers.
This classification includes
- fabrics, wholesale
Classified elsewhere
These activities look similar but belong under different codes.
- fabrics for making curtain or furniture, 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 can qualify for offshore treatment if contracts are negotiated and concluded outside of Hong Kong. However, the nature of the business often involves local suppliers and customers, which ties the activity to Hong Kong.
Business registration wording
Suggested business nature for this activity
English
WHOLESALE OF FABRICS AND TEXTILES
33/60 characters
Chinese 中文
布料批發
4/30 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 special license for wholesale fabrics?
No specific license is required for wholesale fabrics in Hong Kong, but general business registration is necessary.
What are the tax implications for my wholesale business?
Wholesale businesses are subject to Hong Kong's profits tax, but offshore profits may qualify for non-taxable treatment under certain conditions.
Can I operate my wholesale business entirely online?
Yes, you can operate online, but ensure compliance with local regulations and maintain proper records of transactions.
Incorporate in Hong Kong
Starting a wholesale of fabrics 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