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2020Hong Kong MSO license application conditions,MSO qualification processing time and fee process

Financial card care question

MSO is the abbreviation of Hong Kong Money Service Operator License,Although the MSO license application

Require

Other financial licenses than Hong Kong,For example, the top 10 licenses issued by the China Securities Regulatory Commission are lower,But overall,There are still a lot of details to handle。This article,We will mainly introduce to you,2020Hong Kong MSO license application conditions,MSO qualification processing time

cost

process。

Application for Hong Kong MSO license

Require

as follows:1、50W Hong Kong dollar registered capital,

Require

Paid;

  1. There is a suitable candidate,shareholder、director、The final owner is required to provide a police certificate,and approved by the Commissioner of Customs;
  2. There is 1 licensed responsible person,Identity as a Hong Kong resident;
  3. Have a fixed office location in Hong Kong;
  4. Must go through an interview with the Commissioner of Customs and Excise Department。

Process of applying for Hong Kong MSO license:

  1. Submit an application in writing or electronically to the Money Services Supervision Division of the Hong Kong Customs and Excise Department,The application form can be obtained from the designated website;
  2. Customs will conduct inspection after receiving the application materials.,when necessary

Require

Applicant makes clarification;

  1. The applicant will receive a payment notice from the customs,Customs officers will check payment records;
  2. Applicants must sign a formal

Require

Application form for granting a money service operator license Information required by the new applicant for a license

  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.
  3. Registered capital:5010,000 Hong Kong dollars,Need to pay

Process

  1. Find a suitable registration address
  2. Register a Hong Kong company
  3. Hong Kong company account opening
  4. Apply for a Hong Kong Money Services Operator (MSO) License
  5. Processing time:6-8Another point that needs attention is that,When applying for a Hong Kong MSO license,The customs department will charge a certain amount

cost

of。

And if the application for a license fails,charged

cost

No refunds will be given。This is also a risk in applying for an MSO license.。In addition, there is a lot of information that needs to be prepared for the MSO license.,The possibility of application failure is not low。The above is about the Hong Kong MSO license application conditions in 2020,MSO qualification processing time

cost

The entire process is introduced,Whether it is an individual or a business,If you plan to do it yourself to save costs,It's very likely that the gain outweighs the loss.。

Related products:Hong Kong MSO license application conditions , MSO qualification processing time

cost

process


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

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connect:Hong Kong Information Communications Consultant

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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