Hong Kong insurance brokerage license transfer process and acquisition price

Hong Kong Insurance Broker License

transfer process

and acquisition price when acquiring a Hong Kong insurance brokerage company，First of all, you need to understand clearly what kind of，Because there are three types of insurance broker licenses in Hong Kong，One is to get only a license without any insurance contract, which we call Qingshui license.，There is also a person who has obtained contracts from some small insurance companies.，You need to understand clearly the contract period and commission，There is also one that has obtained contracts from the three major insurance companies.，Then the price of this one will be higher than the other two.，Therefore, you need to understand these clearly when purchasing an insurance brokerage company.，Because company CE is very important，It's about which insurance companies you can work with，Sign a contract，Once the CE personnel are changed，Then you have to re-sign a new insurance company contract, etc. It’s all very particular.。

[Manager Peng Yi] International is a professional service organization in China that handles Hong Kong financial licenses，The company owns and invests in some insurance brokerage companies with and without contracts for transfer，Connect with many qualified CE personnel in Hong Kong，Liaise with relevant departments in Hong Kong，Have quite mature management experience and abundant resources，Obtain Hong Kong insurance brokerage license for clients in a short time，And assist customers to connect with Hong Kong insurance companies to obtain contracts。

If you need to know more about other matters related to Hong Kong insurance brokerage, please call us directly to communicate with us in detail.。

Acquisition process：

1. Sign a service agreement with an intermediary consultant
2. Negotiate with the transferor，Confirm acquisition intention
3. Sign a letter of intent to acquire
4. Do due diligence (whether the company is legally established)、Whether the license is valid and whether there are any violations、tax and debt issues, etc.)
5. Sign a formal share-to-share transfer agreement (pay the first transfer payment of about 40% of the total price)
6. Report to the Hong Kong Insurance Regulatory Commission to review the qualifications of the new major shareholder，Review takes about 2 to 3 months，After approval, 40% of the shares will be given to new shareholders.
7. Later share changes and payments can be made according to negotiated terms.，At this time, the approval of the China Insurance Regulatory Commission is not required for passing shares.
8. After the change is completed and when the company is handed over, the balance payment is paid to the intermediary consulting company for transfer and acquisition.

Main conditions

：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。

1. Compliance Chief Executive (CE)：CE cannot be changed，Change is equivalent to re-applying，The insurance contract also needs to be re-signed with the insurance company。
2. The registered capital must be self-owned capital，Corresponding supporting documents are required。

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。