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MSO license registration conditions,How much does the process cost?

Financial card care question

as we all know,Hong Kong has a high degree of openness to the outside world,Mainland China is investing overseas,Foreign trade relies heavily on Hong Kong as a platform。in recent years,Due to the mainland’s increasing participation in the international market,The demand for currency exchange is also constantly emerging.。

The currency exchange services provided by banks in the past have been unable to meet the market’s exchange needs.,Currency exchange offices were also constantly established,Discerning investors,I also began to pay more attention to the transfer information of Hong Kong money service licenses on the market.,Hope to obtain business qualifications through license acquisition。Manager Peng Yi currently has several MSO licenses to be transferred.,We also accept agency services for this license.,Anyone in need can contact me。

In addition to currency exchange,Hong Kong money services license transfer can also provide customers with remittance services,Remittance service refers to a business carried on in Hong Kong、Provides the following types of transaction services:

  1. Send money or arrange for money to be sent outside Hong Kong
  2. Receiving or arranging to receive money from a place outside Hong Kong
  3. Arranging for the collection of money outside Hong Kong. The Money Services Supervision Bureau of the Customs and Excise Department is the issuing authority for money services licenses.,to the applicant

Require

Mainly reflected in several aspects,The application objects are respectively、appropriate personnel、Licensee、Registered capital and office location, etc.,Applicants may submit with

Application conditions

Corresponding application materials,Initiate an application to Hong Kong Customs in written or electronic form,But for investors who have business that needs to be taken over immediately,It is also recommended to transfer the Hong Kong money services license in this way。

Issues worth noting about the transfer of Hong Kong money services license are:,The license is valid for 2 years,Licensees who intend to renew their money service operator license must 45 sky,but not more than 90 within days,Apply to the Commissioner for license renewal,Otherwise, the licensee must apply for a new license。 If the acquirer does not have a suitable candidate、Licensee、Office space docking,Manager Peng Yi can use his own resources in Hong Kong to provide。

Application for Hong Kong Money Services License

Require

  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 bank statements.;according to

Require

Issue relevant supporting documents。

  1. Licensee:1Bit,Must be a permanent resident of Hong Kong。
  2. Registered capital:5010,000 Hong Kong dollars,

Require

Paid in full。

  1. Business address or residence:Have an actual commercial building office address in Hong Kong、Telephone、Mail;and provide real materials。
  2. interview:Need to go to the customs headquarters for an interview。Hong Kong MSO license registration conditions,For details, please contact Manager Peng Yi who will answer your questions for free.。

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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