HSICDATA
HSIC V2.0Subclass

641203Deposit-taking companies

接受存款公司

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 covers financial institutions that accept deposits from the public and provide various banking services. Deposit-taking companies primarily engage in accepting savings and time deposits, offering loans, and facilitating payment services.

This classification includes

  • deposit-taking companies

Licences and approvals

What this activity needs to operate

Activities under this code trigger the following licensing regimes. Emerhub prepares and files each application on your behalf.

Banking Licence (Licensed Bank)

Hong Kong Monetary Authority (HKMA)

Required for institutions carrying on banking business in Hong Kong, meaning taking deposits of any size and maturity from the public and operating current and savings accounts. Licensed banks form the top tier of the three-tier banking system under the Banking Ordinance (Cap. 155).

Capital requirement
Minimum capital of HKD 300M

Official sourceVerified 2026-07-14

Deposit-taking Company Authorization

Hong Kong Monetary Authority (HKMA)

Authorization for companies engaged in specialised activities such as consumer finance, trade finance or securities business that take deposits from the public. Deposit-taking companies may only take deposits of HKD 100,000 or above with an original term to maturity of at least three months, forming the third tier of the banking system under the Banking Ordinance (Cap. 155).

Third-tier authorization for deposit-taking finance companies

Capital requirement
Minimum capital of HKD 25M

Official sourceVerified 2026-07-14

Restricted Licence Bank Authorization

Hong Kong Monetary Authority (HKMA)

Authorization for institutions engaging mainly in merchant banking and capital market activities that take deposits from the public. Restricted licence banks may take deposits of any maturity of HKD 500,000 or above and form the second tier of the three-tier banking system under the Banking Ordinance (Cap. 155).

Second-tier authorization for merchant banking and capital market business

Capital requirement
Minimum capital of HKD 100M

Official sourceVerified 2026-07-14

Offshore profits claim feasibility

Low

Deposit-taking companies operate primarily within Hong Kong, dealing directly with local customers and adhering to local regulations. The nature of their business requires a physical presence and licensing in Hong Kong, making offshore treatment unlikely.

Business registration wording

Suggested business nature for this activity

English

DEPOSIT-TAKING COMPANIES ACCEPTING CUSTOMER DEPOSITS

52/60 characters

Chinese 中文

接受存款公司

6/30 characters

Test your own wording in the checker

Companies

Licensed operators

Verified registry

6 on the HKMA Register of AIs.

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 calendar

Frequently asked questions

What licenses do I need to operate?

You will need a banking license from the Hong Kong Monetary Authority to operate a deposit-taking company.

Are there specific capital requirements?

Yes, deposit-taking companies must meet specific capital adequacy requirements set by the regulatory authority.

How is tax applied to profits?

Profits from deposit-taking activities are subject to Hong Kong profits tax, as the business is considered local.

Incorporate in Hong Kong

Starting a deposit-taking companies 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