460703Wholesale of petroleum products (kerosene and L.P. gas)
石油產品(火水及石油氣)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 petroleum products, specifically kerosene and liquefied petroleum gas (L.P. gas). It includes the sale of these products in bulk to retailers, industrial users, and other businesses, facilitating their use in various applications such as heating, cooking, and fuel for vehicles.
This classification includes
- LP gas, wholesale
- diesel oil for industrial use, wholesale
- kerosene, 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 wholesale activities can be conducted offshore, the nature of petroleum products often requires local licensing and compliance with Hong Kong regulations. Contracts are typically negotiated with local entities, making it challenging to qualify for offshore treatment.
Business registration wording
Suggested business nature for this activity
English
WHOLESALE OF PETROLEUM PRODUCTS
31/60 characters
Chinese 中文
石油產品批發
6/30 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 wholesale petroleum products?
Yes, you need to obtain a specific license from the Hong Kong government to wholesale petroleum products.
What are the tax implications for this business?
Profits from wholesale activities are subject to Hong Kong profits tax unless qualifying for offshore treatment.
Can I operate this business entirely online?
While online operations are possible, local regulations and physical presence may still apply for compliance.
Incorporate in Hong Kong
Starting a 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