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How to apply for a Hong Kong MSO license,Who can apply?

Financial card care question

Benefit from the one country, two systems policy,Hong Kong's financial industry has been able to maintain its original vitality under the capitalist system,in recent years,Mainland investors are using Hong Kong’s platform to connect with the international market,Currency exchange and remittance industry as part of the financial sector,Rapid development,Hong Kong Customs cracks down on、The starting point for illegal fund-raising,Guide relevant individuals and organizations to apply for Hong Kong MSO licenses。

How to apply for a Hong Kong MSO license,What kind of applicants are eligible to apply will be discussed in detail below.。The Hong Kong market implements a financial license management system,Different from mainland China in terms of policies,Hong Kong MSO license applicants can be individuals,It can also be a unit。

Start by applying from the unit,Apply for Hong Kong MSO license,The unit needs to register a Hong Kong company first,Or an overseas company registered and established in Hong Kong,Apply in the name of the company,Secondly, it must comply with the following

Application conditions

  1. suitable person:shareholder、director、The final owner is required to provide a police certificate and bank statements.;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.。
  2. 1 licensed person,Must be a permanent resident of Hong Kong。
  3. Registered capital:5010,000 Hong Kong dollars,Need to pay。
  4. Business address or residence:Have an actual commercial building office address in Hong Kong、Telephone、Mail;Also available for residential use,Provided that the written consent of each occupier of the accommodation is required;
  5. interview:Need to go to the customs headquarters for an interview。

The Hong Kong MSO license application process will involve a determination of suitable candidates.,Hong Kong Customs and Excise Department is responsible for,Every time a suitable candidate is determined,Customs will charge additional fees accordingly

cost

,So when the policy is not clear,Apply blindly,Will cause a waste of costs,It is recommended to entrust an agent here,Can ensure the efficiency of application to the greatest extent。 Who needs to apply for a fit and proper determination?

If the applicant is an individual,the individual and each ultimate owner,or in the case of a partnership,Each partner and each ultimate owner of a partnership,or in the case of a corporation,Each director of the corporation,and each ultimate owner of a corporation connected with the carrying on of a money services business is required to apply for a fit and proper determination.。

In addition to providing Hong Kong money services license transfer、acquisition、Other than agency services,Licensed personnel are also available、suitable person、Hong Kong office location、Hong Kong company registration agent and other services,From application submission to qualification issuance,Always adhere to the one-stop service concept,How to apply for a Hong Kong MSO license?,If you have any questions about who is eligible to apply?,Welcome to call。


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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