681100Real estate development
地產發展
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 development of residential, commercial, and industrial properties for sale or lease. It includes the planning, construction, and renovation of buildings and infrastructure, but does not encompass any business activities related to the leasing of real estate.
This classification includes
- real estate development (without any business in real estate leasing)
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
LowReal estate development activities are typically tied to Hong Kong premises and local regulations. Contracts are often negotiated and concluded within Hong Kong, making it difficult for profits to qualify for offshore treatment.
Business registration wording
Suggested business nature for this activity
English
REAL ESTATE DEVELOPMENT WITHOUT LEASING ACTIVITIES
50/60 characters
Chinese 中文
地產發展不涉及租賃
9/30 characters
Industry statistics
How large is this sector in Hong Kong?
Official figures are compiled at industry level. These are for Real estate activities (L), the industry this classification belongs to.
11,500
Establishments (2023)
124,500
Persons engaged (2023)
C&SD Annual Survey of Economic Activities 2023Verified 2026-07-14
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 real estate development?
Yes, you need to comply with local regulations and obtain necessary permits for real estate development activities.
What are the tax implications for real estate development?
Profits from real estate development are subject to Hong Kong profits tax, as the activities are considered local.
Can I develop properties for leasing?
No, HSIC subclass 681100 specifically excludes any business related to real estate leasing.
Incorporate in Hong Kong
Starting a real estate development 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