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Which is better to apply for or acquire a money services license in Hong Kong?

Financial card care question

With international trade、Inbound and outbound travel、The development of foreign trade and other fields,Whether it is currency exchange or cross-border remittances

Require

are getting higher and higher,There is a large team of individuals and organizations engaged in currency exchange and remittance services,In order to cater to the business development needs of various investors,Mainly provides two major service areas: Hong Kong money service license processing and transfer。

for investors,The application and acquisition of money service licenses in Hong Kong have their own

Advantages

and disadvantages,first,Let’s talk about application first,first,Applicants need to register a Hong Kong company first,Or set up an overseas company in Hong Kong,Apply to customs in the name of the company,Then the customs mainly starts from the registered capital、suitable person、Judgment will be conducted on several aspects including licensed personnel and office space.,Assess whether the unit complies with the licensing guidelines in all aspects of drilling

Require

Hong Kong money services license application

Application conditions

  1. company shareholders:Applicants can be individuals or companies,The company must be a local company registered in Hong Kong or an overseas company registered at the Companies Registry。
  2. suitable person:shareholder、director、The final owner is required to provide a police certificate and YinHang statement.;A suitable candidate application form needs to be filled in,At the same time, it needs to be signed in front of witnesses to take effect.。
  3. 1 licensed person,

Require

Be a permanent resident of Hong Kong。

  1. Registered capital:5010,000 Hong Kong dollars,Need to pay。
  2. Business address or residence:Have an actual business office in Hong Kong; However, the difficulty of applying for a Hong Kong money services license varies from person to person.,Based on application object、Differences in matching conditions of applicants,There are many uncertainties during the application process,Submitted for determination of fit and proper candidates

cost

Also non-refundable,So if you don’t have much confidence in your own strength,,You can also consider acquiring a Hong Kong money services license.。

When acquiring a Hong Kong money services license, you must pay attention to the acquisition target.,Is the company license valid?,Has the company ever experienced adverse operating conditions?、Is there a bad reputation?,These are all points worthy of consideration by acquirers.,If you still have questions about whether it is better to apply for or acquire a money services license in Hong Kong?,Help available,We will base on your actual situation,Provide targeted solutions。

Has 7 years of professional and mature experience in the field of Hong Kong license processing,Well versed in policy changes in Hong Kong,Timely adjust entry plans for investors。If the applicant is a suitable candidate、Licensee、Registered capital、Have any difficulty finding office space?,can assist,Welcome to contact us for further details on the application or acquisition of a Hong Kong money services license.。


About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong 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

Editing of articles in this issue:

Picture of Chen Weilun

Chen Weilun

Chen Weilun, money service operator in Hong Kong (MSO) Compliance and regulatory practice areas include 12 years of experience。He served as head of the compliance department of the local payment and currency exchange licensing authority,Directly responsible for MSO license application、Anti-money laundering / Customer due diligence system (AML/KYC)、risk assessment design、Establish daily monitoring procedures and communicate with the Customs Department for review and other compliance tasks。

Areas of expertise:MSO license application、AML/KYC system、risk assessment、daily monitoring procedures、Customs Department review communication。

Previous institutions:Hong Kong MSO Payment Institution & Head of Compliance Department

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