How much does it cost and the process to apply for a Hong Kong money service company? How long does it take to apply for a Hong Kong money service company? Which companies need a money services license? What are the requirements for a money services license in Hong Kong? What are the requirements for applying for a Hong Kong money services license?
Hong Kong Money Services License(Currency exchange services or money transfer services),The companies that require this license are as follows::
- Hong Kong agent for WeChat/Alipay
- Cross-border payment、Cross-border fund management platform
- Wild Card Acquirer
- Collection and payment company (game payment platform、Collection and payment for overseas advertising platforms、supply chain finance)
- Benefits of opening a physical money change shop/exchange bank in Hong Kong with a Hong Kong money services license:Hong Kong is Asia’s most important financial market,It is also the largest offshore RMB center in the world.,Regardless of the maturity of the regulatory framework、Completeness of Public Transactions、Asset management scale and richness of financial products, etc.,They are all at the forefront of the international market and are the first choice platform for many investors.。
every day,RMB 890 billion processed from Hong Kong's real-time payment system,The volume of RMB trade settlement transactions processed through Hong Kong has exceeded 230 million yuan。Hong Kong market implements financial license management system,Enterprises or institutions can conduct stock trading at the same time、financial derivatives、Trading in foreign exchange and gold。
According to the provisions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance,Hong Kong money service license application is the qualification threshold for engaging in currency exchange and remittance operations,Providing currency exchange and remittance services without obtaining relevant licenses,treated as a crime,This move is mainly to combat money laundering in the Hong Kong market.,Guidance in processing licenses,Contribute to the regulation of the industry。
Things to note after applying for a Hong Kong financial services license:The license is valid for two years。The licensee must submit a license renewal application at least 45 days before the license expires.;If you fail to apply for a license,paid
cost
No refund will be given. How much does it cost and the process to apply for a Hong Kong money services license? So if you are an individual or a business, consider applying by yourself.,If you do not entrust a suitable agency to apply on your behalf,,There is a risk that the application will not be approved。
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The company has professional accountants、lawyer、Financial advisory team,Use professional knowledge and control service quality and speed,Establish support service platform and solutions for enterprise expansion。
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong 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。