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Hong Kong MSO money service license transfer conditions and fees

Financial card care question

Hong Kong MSO money services license transfer conditions and

cost

Hong Kong's development in the financial field has become relatively mature.,Introducing foreign investment、Foreign trade and other fields will involve currency exchange,The currency exchange services provided by banks can no longer meet the current needs of investors for currency exchange in terms of immediacy and quantity.,This gave rise to a number of currency exchange companies,for regulatory needs,It is very necessary to apply for a currency exchange license in Hong Kong。

In fact, a currency exchange license is also a money services license.,Also known as Hong Kong MSO License,In addition to providing currency exchange services, a money services license,Remittance services are also available,They all need to obtain approval from Hong Kong Customs before they can carry out business.,Let’s analyze how to apply for a currency exchange license in Hong Kong,And guide to applying for Hong Kong MSO license。

The department responsible for processing applications for currency exchange licenses in Hong Kong is the Money Services Supervision Bureau,After receiving the application materials,Applicants will be notified of receipt,and check the materials。Applicants will receive interview notice and payment slip,and go to the customs in person to sign the official

Require

Application form for grant of money services operator license,Applications may be made in writing,It can also be electronic。

Hong Kong’s regulatory policies are different from those in mainland China,Individuals or businesses can be candidates for Hong Kong currency exchange license applications,Enterprise application,First, the applicant must be a Hong Kong company,Or an overseas company registered in Hong Kong;Engage in currency exchange activities,Enterprises also need to meet the following conditions::

  1. Appropriate candidates are those who have been judged by the customs,shareholder、director、The final owner is required to provide a police certificate and a current statement;
  2. a licensee,

Require

Be a permanent resident of Hong Kong;3、The required registered capital of 50W Hong Kong dollars

Require

Paid in full,To ensure the normal development of business;

  1. Provide an actual business address in Hong Kong;
  2. Need to go to the customs headquarters for an interview。

We can provide applicants with the following services around the Hong Kong Currency Exchange License application process::

  1. Preliminary review of the situation of the Hong Kong company on the demand side,Provide corresponding compliance advice on newly issued licenses;
  2. The license holder can be provided by the operator with suitable licensees;
  3. office space:Provide suitable venue;
  4. Professional service:Provide professional compliance consultants、Accountant、Lawyer services。

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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