Why is custom compliance documentation central to your license application?
When applying for a global financial license (such asHong Kong VASP LicenseorSingapore MAS payment license) in the process，Regulators not only focus on companies’ capital，Pay more attention to itCompliance management capabilities。A set of standardized templates can no longer meet the increasingly stringent penetrating regulatory requirements。
Hong Kong Xintong's senior compliance team will work according to your business logic、Fund flow and target market，Tailor-made including "Anti-Money Laundering Manual"(AML Policy)、"Know Your Customer Program"(KYC Procedures)and a complete set of documents including the "Compliance Officer Appointment Report"。
Hong Kong MSO License Compliance Cost Reference Matrix
For organizations planning to start money services business in Hong Kong，Understanding upfront compliance investments is critical。The following is based on Hong Kong Customs (C&Estimated cost of standard compliance required by ED)：
| Expense Category | Specific projects | Estimated amount (HKD) |
|---|---|---|
| government fees | License application fee $3,310 / Fit and proper assessment $860/person | $4,170 rise |
| basic operating costs | Company registration ($8k-$15k) / Physical office rental ($20k-$80k/year) | $28,000 – $95,000 |
| Professional Compliance Services | MSO full set agency ($60k-$150k) / AML Compliance Document Customization ($20k-$80k) | $80,000 – $230,000 |
| Total estimate | Total amount of standard applications and first-year compliance maintenance | $150,000 – $400,000 |
Hong Kong Xintong compliance document customization process
Gain a deep understanding of your client’s business model、Capital links and target regulatory jurisdictions。
Develop a compliance program in accordance with local laws (such as Hong Kong’s Anti-Money Laundering Ordinance Chapter 615)。
Customized writing of AML manuals、KYC process and risk assessment report。
Provide compliance Q&A coaching for on-site inspections or interviews with regulatory agencies。
FAQ (FAQ)
According to business complexity，Usually takes 2-4 weeks。If it involvesDigital Bank License Applicationand other high-end business，time may be extended。
We are committed to writing all documents based on the latest regulatory guidance。If the document needs to be supplemented due to quality issues，We will be responsible for modifying it for free until it is passed。
