Gas, Petroleum & Coal Business
Hong Kong is a major importer and consumer of gas, petroleum, and coal. However, it does not have its own production of these resources. Here's a breakdown of the business landscape:
Imports: Hong Kong relies heavily on imports to meet its energy needs. Mainland China is the major supplier for most types of gas, petroleum, and coal, while Singapore is a significant supplier of fuel oil.
Distribution and Retail: There are a number of companies involved in the distribution and retail of gas, petroleum, and coal products in Hong Kong. These include major oil companies such as ExxonMobil and Shell, as well as local companies such as CCLP Power.
Regulation: The Environmental Protection Department (EPD) is responsible for regulating the import, storage, transportation, and use of gas, petroleum, and coal products in Hong Kong. The EPD sets air quality standards and implements measures to reduce emissions from the use of these fuels.
Here are some resources for learning more about the gas, petroleum, and coal business in Hong Kong:
Hong Kong Trade and Industry Department (TID): SUCCESS Gas, Petroleum & Coal business description
Census and Statistics Department (C&SD): Hong Kong Energy Statistics Quarterly Report
U.S. Energy Information Administration (EIA): [Hong Kong country data ON Energy Information Administration (.gov) eia.gov]
Gas, Petroleum & Coal Business Licence
You will need a business licence to operate a Gas, Petroleum & Coal business in Hong Kong. The specific licence you require will depend on the exact nature of your business activities.
The Trade and Industry Department (TID) of Hong Kong provides information on the different business licences required for Gas, Petroleum & Coal businesses https://www.success.tid.gov.hk/tid/eng/blics/type.jsp?By=BTGroup_p&VisitorID=502951042&group_id=19. Here is a breakdown of the different licence types:
Coal Products, Manufacturing (e.g. Coal Briquettes, Tar Derived From Coal, etc.)
Coal, Coke & Charcoal, except Firewood, Import & Export
Coal, Coke & Charcoal, except Firewood, Wholesale
Coal, Coke, Charcoal & Firewood, Retail
Compressed Gas Cylinders or Containers of Gasoline Tank Truck, Manufacturing
Construction of Gas Pipelines
Dealing in Liquefied Petroleum Gas (LPG)
Import & Export of Liquefied Petroleum Gas (LPG)
Installation & Repair of Gas Appliances
Liquefied Petroleum Gas (LPG) Filling Stations
Retail of Liquefied Petroleum Gas (LPG)
Storage of Dangerous Goods (including Petroleum)
Once you have determined the appropriate licence for your business, you can apply for it online through the Business Registration Office (BRO) https://www.ird.gov.hk/eng/tax/bre_add_hrs.htm.
The application process typically involves submitting the following documents:
A completed application form
A copy of your business registration certificate
A copy of your company's articles of association and other relevant documents (if applicable)
The required licence fee
The processing time for a business licence application can vary depending on the complexity of the application. However, it is generally around two to four weeks.
Sources
How Bestar can Help
Here's how Bestar can help you with your Gas, Petroleum & Coal business licence:
Expertise in Licence Requirements: The specific licence needed depends on your business activities. Bestar has experience with Gas, Petroleum & Coal businesses and can advise you on the appropriate licence type for your situation.
Application Process Assistance: While the Business Registration Office allows online applications, the process can involve various documents and fees. Bestar can guide you through the application steps and ensure you submit the necessary paperwork.
Potential Time Savings: Navigating the business licence process can be time-consuming. Bestar, familiar with the procedures, is able to expedite the application on your behalf.
To get the most accurate details on our services, contact Bestar. We can provide specific details on their Gas, Petroleum & Coal business licence support and any associated fees.
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