The full name of Hong Kong MSO license is MoneyServiceOperator，Money here mainly refers to payments or other payments involved in cross-border use of currency.。The main functions of the MSO license are twofold，One is to provide remittance and collection services。One is to provide currency exchange services。
Because China’s foreign trade volume is now very large，Many of them are small and medium-sized foreign trade companies，Since there is no separate account in Hong Kong，Therefore, payments can only be made through Hong Kong companies with MSO licenses.。Today we will focus on the specific matters of Hong Kong MSO license application and transfer.，It is convenient for more companies and individuals who want to engage in foreign trade payment collection and currency exchange business to understand clearly.。 1，How long does it take to apply for an MSO license in Hong Kong?
Want to know how long it takes to apply for a license?，We need to understand clearly
Application process
What preparations and reviews are needed。Hong Kong MSO license application requires site inspection，Check the authenticity of application materials，Obtain the decision record of the applicant’s candidate from the relevant agency，The above process takes a certain amount of time。So handle it，if all goes well，It takes about four months。
2，About the right people，There are some things you have to pay attention to。 so called suitable persons，Refers to the ultimate controller behind the application for this MSO license。If it is owned by an individual，Then this individual is a suitable candidate。If it belongs to a corporation or company，Then every director member of this company，And the actual controller behind the company，That is to say, shareholder members must be suitable candidates as needed.。
What needs to be noted here is that，Once there are multiple suitable persons whose application materials are not suitable，The Hong Kong Customs Department will terminate the issuance of licenses。Moreover, the selected venue is not suitable for money service operations.，It will also make the Hong Kong MSO license
Application process
blocked。 3，After the Hong Kong MSO license application is completed，How long does it take to renew? MSO licenses are generally valid for two years.，That is, 24 months of use。
But now Hong Kong Customs is staggering the license renewal time，A 30-month MSO license will also be issued。The license needs to be renewed within 45 days before it expires two years ago，Otherwise, you will risk having your license revoked.。 It is a very excellent financial license service organization in China and Hong Kong.，Have abundant processing resources，Includes Hong Kong business location recommendations，Hong Kong MSO existing license transfer resources，Hong Kong secretarial company provides etc.。
It is recommended that you need to learn more about the application and transfer of MSO licenses 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。
