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Transfer of Hong Kong Currency Exchange License,Hong Kong currency exchange company transfer fees

Financial card care question

in Hong Kong,It is a crime to operate money service-related activities without applying for a Hong Kong currency exchange license,According to regulations,once convicted,Required to be fined NT$100,000 and jailed for six months,For most units that need to undertake more urgent business,Business can be carried out through the transfer of Hong Kong currency exchange license,But the same,Need to accept the supervision of Hong Kong Customs。

The license application has certain requirements on the qualifications of the applicant and the unit.

Require

,However, the restrictions on the transfer of currency exchange licenses in Hong Kong are relatively not that big.,First clarify who needs to apply for the license,in Hong Kong,Individuals and entities that conduct currency exchange and remittance operations as a business,Need to apply to Hong Kong Customs,These applicants,The materials that need to be prepared are as follows::

  1. Application subject:Hong Kong company or overseas company registered in Hong Kong;
  2. Registered capital:50W Hong Kong dollars,Paid;
  3. suitable person:including shareholders、director、ultimate owner;
  4. One license holder is a Hong Kong permanent resident;
  5. office space:Have a physical office in Hong Kong; The transfer of Hong Kong currency exchange license refers to a license that has passed the review of Hong Kong Customs,So there is no need to target licensees、suitable person、Office space to satisfy one by one,Just follow

Require

Apply for changes to relevant information to start business。

Because the Hong Kong currency exchange license application process involves many things that need to be paid.

cost

,Whether applying for

cost

Or is it the determination of a suitable candidate?

cost

,Once collected,Even if the application is rejected,There is no possibility of refund either,Therefore, the risk that applicants need to bear is relatively large.,More and more investors prefer the transfer of currency exchange licenses in Hong Kong.。

Hong Kong Currency Exchange Company Transfer

cost

The cycles are not uniform,will vary depending on various factors,Including collecting required documents from applicants、Conduct on-site inspections at business premises,and the time required to obtain fit and proper determination records from other agencies,Actual charges and times depend on the applicant’s actual situation。

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,Transfer of Hong Kong Currency Exchange License,Hong Kong Currency Exchange Company Transfer

cost

Details welcome and further communication。


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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