662200Activities of insurance agents and brokers
保險代理及經紀活動
IRD business nature helper
Business Registration wording for this activity
The business nature on your Business Registration Certificate is limited to 60 English characters printed over two 30-character lines, and 30 Chinese characters. Test your wording below.
55/60 charactersFits the certificate
7/30 characters
Certificate preview
Business Registration Certificate
商業登記證 (layout preview)
Nature of business 業務性質
The IRD prints the English business nature across two lines of 30 characters. Text that cannot break cleanly at a word boundary gets wrapped or truncated on the printed certificate.
Compliance and incorporation playbook
Licences and regulatory approvals
Activities under this code trigger the following licensing regimes. Emerhub prepares and files each application on your behalf.
Licensed Insurance Agency
Insurance Authority (IA)
Licence under the Insurance Ordinance (Cap. 41) for companies, partnerships or sole proprietorships that carry on regulated activities as agent of an insurer, appointed by up to four insurers (of which at most two may be long term insurers). Agencies distribute and arrange insurance products on behalf of their appointing insurers.
Agencies act as agent of up to four appointing insurers
Official sourceVerified 2026-07-14
Licensed Insurance Broker Company
Insurance Authority (IA)
Licence under the Insurance Ordinance (Cap. 41) for companies that negotiate or arrange insurance contracts as the agent of policy holders and advise on insurance matters. Broker companies must meet financial requirements under the Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules, including minimum capital, net assets and professional indemnity insurance.
Broker companies act as agent of the policy holder
- Capital requirement
- Paid-up share capital of not less than HKD 500,000 and net assets of not less than HKD 500,000
Official sourceVerified 2026-07-14
MPF Intermediary Registration (Principal Intermediary / Subsidiary Intermediary)
Mandatory Provident Fund Schemes Authority (MPFA)
Registration under the Mandatory Provident Fund Schemes Ordinance (Cap. 485) for any business or individual selling, marketing or advising on MPF schemes. Principal intermediaries must already be regulated by an industry regulator (HKMA, SFC or IA) and designate a responsible officer; subsidiary intermediaries are individuals attached to a principal intermediary who must pass an MPFA qualifying examination.
Required where the firm sells or advises on MPF schemes
Official sourceVerified 2026-07-14
Offshore profits claim feasibility
LowInsurance agents and brokers typically operate within Hong Kong, dealing with local clients and adhering to local regulations. Contracts are usually negotiated and concluded in Hong Kong, making it difficult to qualify for offshore treatment.
Profits Tax Return deadlines under the Block Extension Scheme
With Emerhub as your tax representative, the filing deadline for the Profits Tax Return (BIR51) extends far beyond the standard one month, depending on your accounting year-end. A 31 December year-end extends the filing to August of the following year.
| Year-end | IRD code | Without representative | With Emerhub as tax rep |
|---|---|---|---|
| 1 April to 30 November | N | Within 1 month of return issue | No block extension: early May of the following year |
| 1 December to 31 December | D | Within 1 month of return issue | Mid-August of the following year |
| 1 January to 31 March | M | Within 1 month of return issue | Mid-November of the same year |
Inland Revenue Department, Block Extension SchemeVerified 2026-07-14
Standing compliance calendar
These obligations apply to every Hong Kong company regardless of industry. Each fact links to its primary government source.
Two-tiered profits tax
Incorporated businesses pay 8.25% profits tax on the first HKD 2 million of assessable profits and 16.5% on the remainder. Only one entity within a group can elect the two-tiered rates.
Inland Revenue DepartmentVerified 2026-07-14
Annual Return (Form NAR1)
A private company delivers its Annual Return to the Companies Registry within 42 days of each anniversary of incorporation. Emerhub prepares and files the NAR1 as part of company secretary service, so the deadline never reaches your calendar.
Companies RegistryVerified 2026-07-14
Business Registration Certificate renewal
Every business carries a valid Business Registration Certificate from the Inland Revenue Department, renewed on a 1-year or 3-year cycle. Emerhub handles the renewal filing and keeps the certificate current.
Inland Revenue DepartmentVerified 2026-07-14
Significant Controllers Register
Every Hong Kong company keeps a Significant Controllers Register identifying persons with more than 25% ownership or control, available for law-enforcement inspection at its registered office. A designated representative must be appointed; Emerhub acts as designated representative for client companies.
Companies RegistryVerified 2026-07-14
Company secretary requirement
Every Hong Kong company appoints a company secretary resident in Hong Kong. A corporate secretary must hold a Trust or Company Service Provider (TCSP) licence. Emerhub is a licensed TCSP and acts as company secretary for client companies.
Companies RegistryVerified 2026-07-14
MPF enrolment for employees
Employers enrol every Hong Kong employee aged 18 to 64 employed for 60 days or more in an MPF scheme. Employer and employee each contribute 5% of relevant income, capped at HKD 1,500 per month each. Emerhub administers MPF enrolment and monthly contributions under its payroll service.
Mandatory Provident Fund Schemes AuthorityVerified 2026-07-14
Annual audit with SME reporting exemption
Every Hong Kong company files audited financial statements; there is no small-company audit exemption as in Singapore. Small private companies meeting any two of revenue at or below HKD 100 million, assets at or below HKD 100 million, or 100 or fewer employees qualify for the reporting exemption and prepare simplified accounts under the SME Financial Reporting Standard, which lowers audit preparation cost. Emerhub structures client accounts under the reporting exemption wherever the criteria are met.
Companies Ordinance (Cap. 622), s.359Verified 2026-07-14
This classification includes
- general insurance agents 一般保險代理
- general insurance brokers 一般保險經紀
- life insurance agents 人壽保險代理
- life insurance brokers 人壽保險經紀
- motor car insurance agents 汽車保險代理
- motor car insurance brokers 汽車保險經紀
Frequently asked questions
What licenses do I need to operate as an insurance broker?
You need to obtain a license from the Insurance Authority in Hong Kong to operate as an insurance broker or agent.
Are there specific tax implications for insurance activities?
Insurance activities are subject to Hong Kong's profits tax. However, offshore profits may be exempt if certain conditions are met.
Can I operate as an insurance agent without a physical office?
While a physical office is not mandatory, having a local presence may enhance credibility and compliance with regulatory requirements.
Incorporate in Hong Kong
Starting a activities of insurance agents and brokers 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