in recent years，With the changes in the financial management concepts of the mainland middle class,，Financial and insurance investments account for an increasing proportion of total annual income every year。Because Hong Kong insurance itself
Advantages
，It is becoming more and more common for mainland China to purchase Hong Kong insurance。Today we will focus on Hong Kong insurance brokerage license
Application conditions
and
Process
。
Hong Kong Insurance Broker License
Application process
The following points are very important
Require
： 1.Must be a company incorporated in Hong Kong or an overseas company registered with the Hong Kong Companies Registry。Have a physical office address、Company account。of this
Require
Mainly proposed by the Hong Kong Insurance Regulatory Commission，and regulations for the company。 2.Sufficient equity：Insurance brokerage companies are required to maintain a low net asset value and low paid-up share capital of less than HK$100,000 at all times。
Funds need to be deposited in banks specified by the Hong Kong Insurance Regulatory Commission，including people's livelihood，HSBC and other banks。 3.Compliance CEO：This position requires a，And cannot hold important positions in other companies at the same time，Must be a full-time director or full-time employee of the company’s business in Hong Kong。 4.Professional civil compensation insurance with sufficient repayment reserves：Policy financing is not less than HKD 3 million，The maximum amount is HK$75 million。The premium is generally about HK$10,000/year。
5.One less separate storage customer account：The client's funds must be deposited into a client's bank account，Separate from its company's monies。Customer funds shall not be used for any other purpose other than the customer’s purpose.。 The following is the Hong Kong insurance broker license
Application process
some of
FAQ
： 1，Can a company be licensed as an insurance broker and an insurance agency company at the same time? This is not allowed。
The Hong Kong Insurance Regulatory Commission clearly stipulates，Not only can a company not run two businesses at the same time。The same person cannot be an insurance broker at the same time，Also an insurance agent。 2，Hong Kong Insurance Broker License
Application process
middle，Which department requires regulation and approval? at present，There are two recognized insurance brokerage bodies in Hong Kong，They are the Hong Kong Insurance Consultants Association and the Hong Kong Professional Insurance Brokers Association.。The CEO and business representatives of insurance brokers are also required to register with relevant organizations。
That is, the CIB and PIBA that we are more familiar with。Both groups have the power to review application materials for Hong Kong insurance broker licenses，and issue corresponding license plates。According to statistics，CIB has now issued about 300 Hong Kong insurance brokerage licenses。PIBA issued about 470 tickets。 3，How should the company's account be set up?
According to the Hong Kong Insurance Regulatory Commission
Require
，The company needs to have more than two accounts，One of the accounts is mainly used to store the customer’s insurance funds.，Other accounts mainly store operating funds。The funds in the client's account that are stored separately cannot be used for any purpose other than insuring the client.。 4，Hong Kong Insurance Broker License
Application process
How long does it usually take?
Generally speaking，If the agent，Administrative CE，There is no problem with the registration of Hong Kong companies.，Plus the time required for the CIRC’s review，It takes about three months to obtain a Hong Kong insurance brokerage license。 5，Does the registered capital of a Hong Kong insurance brokerage company need to be paid in full? This is not clear
Require
，But the China Insurance Regulatory Commission
Require
The low total asset value and low paid-up share capital of an insurance brokerage company cannot be less than HK$100,000.。
6，Apply directly for a Hong Kong insurance broker license and acquire a ready-made，Which one is better? Specifically choose to purchase an existing license or apply for a new one，Mainly depends on the specific needs of the customer
Require
，If you want to develop your business quickly，You may consider purchasing one directly，But when it changes，There are also some restrictions，Be sure to understand the specific acquisition process and conditions，Otherwise, it is very likely that the time will be the same as the new one.。
This will waste a lot of manpower and time。 Related news：Chen Maobo says，Hong Kong’s insurance density and insurance penetration rate are among the best in Asia，At the end of June this year, there were nearly 13 million individual life insurance policies in Hong Kong.。Because Hong Kong’s insurance industry is very competitive，In fact, it has become an important part of Hong Kong’s service exports.，Last year, premiums for new policies issued by Hong Kong to mainland visitors reached HK$50.8 billion.，Accounting for approximately 30% of total new policy premiums in personal business。
【彭 易 经 理】国际彭易经理在办理香港金融牌照申请上面有较强的操作能力经验较为丰富已有500+的新办香港金融牌照申请及收购案例。at the same time，In order to allow applicants to conduct financial business in Hong Kong faster, multiple Hong Kong financial licenses No. 149 and Hong Kong insurance brokerage licenses are available for transfer.。
In the long-term process of docking with SFC and the Hong Kong Insurance Regulatory Commission，【彭 易 经 理】国际彭易经理积累了大量的办理资源，For no responsible person，individual licensee，Don’t know how to register a Hong Kong company?，What type of Hong Kong company applicants should register?，There are corresponding solutions。Learn more about the conditions and procedures for applying for an insurance brokerage license in Hong Kong，You can call us directly to communicate and understand clearly.。
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong Kong MSO Licenseandmoneylenders licenseApply for service，Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。
