885000Welfare foundations and development projects
福利基金及發展計劃服務
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 encompasses the administration and management of welfare foundations and development projects aimed at providing social support and services. It includes the operation of welfare funds and initiatives designed to enhance community well-being and development.
This classification includes
- welfare funds, foundations and development projects administration
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
LowWelfare foundations and development projects are typically tied to local operations and beneficiaries in Hong Kong. Contracts are often negotiated and executed within the region, making it challenging to qualify for offshore tax treatment.
Business registration wording
Suggested business nature for this activity
English
WELFARE FUNDS AND FOUNDATIONS ADMINISTRATION SERVICES
53/60 characters
Chinese 中文
福利基金及發展計劃
9/30 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 operate a welfare foundation?
Yes, operating a welfare foundation may require registration under relevant local laws and regulations.
What are the tax implications for welfare foundations?
Welfare foundations may be eligible for tax exemptions, but specific conditions must be met under Hong Kong tax law.
Can I operate a welfare foundation remotely?
While some administrative tasks can be done remotely, the foundation's activities must primarily serve local beneficiaries.
Incorporate in Hong Kong
Starting a welfare foundations and development projects 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