Hong Kong Money Services Operator (MSO) License，Designed specifically for payment of goods and other payment businesses involving cross-border currencies，Core functions include remittance and collection services and currency exchange services。in recent years，China's foreign trade scale continues to grow，Many small and medium-sized foreign trade companies have failed to set up independent accounts in Hong Kong.，often required by holdingMSO licenseHong Kong company completes payment collection。
Application qualifications and conditions
Apply for a money services operator license，Applicants must meet the following conditions：
- company shareholders：Applicants can be individuals or companies。If a company，Must be a local enterprise registered in Hong Kong or an overseas company registered at the Companies Registry。
- suitable person：shareholder、Directors and ultimate owners are required to provide proof of no criminal record。
- Licensee：At least one licensee is required。
- Registered capital：50010,000 Hong Kong dollars。
- Office address：Must have an actual commercial building office address in Hong Kong，Equipped with telephone and email。
- interview：Need to go to the customs headquarters for an interview。
Additional information on suitable candidates
A suitable person refers to the ultimate controller behind the application for a license。If the applicant is an individual，then that individual is a suitable candidate；If the applicant is a corporation or company，Then every director of the company and the actual controller (i.e. shareholder) behind it must be determined to be a suitable person.。Need special attention，Once multiple suitable candidates are selected and any of the application materials does not comply with the regulations,，Hong Kong Customs and Excise DepartmentThe issuance of licenses will be terminated。also，If the selected business location is not suitable for money service operations，It will also hinder license application。
Application process and time required
ApplyHong Kong MSO License需依次通过场地实地检查、Authenticity review of application materials，and obtain the applicant’s determination record from relevant agencies (i.e., background review of appropriate candidates)。The above process takes a certain amount of time。If everything goes well，The entire application period usually takes about four months。
License validity period and renewal regulations
MSO licenses are generally valid for two years (24 months)。To stagger the renewal peak，Hong Kong Customs may also issue a license valid for 30 months。The licensee must complete the license renewal procedures within 45 days before the license expires.，Otherwise, the license will be at risk of being revoked.。
About Hong Kong Xintong
GXT-HKComposed of professional teams from mainland China and Hong Kong，Focus on providing global company registration、Financial license application、Bank account opening、One-stop cross-border services such as tax financial planning and compliance consulting，Core covers Hong Kong MSO license、Hong Kong Insurance Brokers and Hong Kong Money Lenders Licenses、US MSB license、Hong Kong 149 license、9license plate，Helping enterprises to go overseas efficiently and compliantly，Steady global layout。
