Hong Kong MSO License：Application conditions、Required Documents and Licensing Compliance Points

Operating currency exchange and remittance business，All are required to obtain a money service operator license in advance。Hong Kong Xintong International will sort out the systemHong Kong MSO LicenseofEligibility、Documentation requirements、Procedures and continuing responsibilities after licensing，Assist enterprises to efficiently complete compliance layout。

Application conditions

Determination of fit and proper person

Applicants (covers sole proprietors)、Partner、Director or owner) must pass the fit and proper examination of the Hong Kong Customs and Excise Department。The applicant must confirm that he has not been convicted of any of the offenses set out in Annex 1，and is not an undischarged bankrupt，before submitting the application。

Business address requirements

If you are a non-Hong Kong resident，A Hong Kong company must be registered first。The address used to operate money services must meet the following conditions:，can be registered as a business address：

• This address is actually used to operate money services；
• The address is promoted (including display of signage) as a place to meet clients；
• The address is often controlled by the licensee (e.g. owner or tenant status)。

The registered address must ensure that customs officers can enter to enforce the regulations.。If the address is for residential use，The applicant must obtain the written consent of each occupier，Allow authorized persons to enter and inspect。There is no need to register a business address in the following situations:：

• Address outside Hong Kong；
• An address that is not primarily used to operate money services；
• Operating from a non-fixed address (e.g. meeting at client offices)，or trade using mobile devices only)。

If there is no specific business address，Correspondence address must be provided in the application form。

Documents required for application

Submit the following documents separately by company type：

1. sole proprietorship：Copy of valid business registration certificate；A copy of the extract from the business register。
2. partnership：Submit corresponding registration and certification documents as required by the partnership company。
3. local company：Copy of company registration certificate；Copy of recent annual return (Form AR1)，and all documents filed with the Companies Registry after filing the annual return。Newly established companies need to provide additional：Form of incorporation (Form NC1 applicable to companies limited by shares)，Copy of form NC1G applicable to other companies；Group structure and shareholding percentage information of each member；Copy of Memorandum and Articles of Association。
4. non-Hong Kong company：Copy of non-Hong Kong company registration certificate；Copies of recent annual returns (Form N3) and subsequent archived documents。Newly established companies need to provide additional：Details of non-Hong Kong companies registered in Hong Kong – copy of Form N1。

Application procedure

1. Provide company business registration certificate、Company registration certificate、Annual return (for new companies, an incorporation form will be provided)、Company structure、Percentage of shares held by each member and the company’s memorandum and articles of association；
2. The applicant (or any partner/director/owner) must be witnessed by a notary public，Complete the fit and proper determination process；
3. Meet with Customs officers and formally sign the license application form。

License validity and renewal

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，Fees paid are not refundable。

Declaration of changes after licensure

The licensee is required to notify the Commissioner of Customs and Excise on any changes in the following matters:：

1. Change of business or corporate name；
2. Changes in the nature of money service business；
3. Change of primary (correspondence) address；
4. Contact information changes；
5. Change of business address information；
6. Change of telephone and fax numbers of business address；
7. Changes in other business information conducted at the business address；
8. Change of occupier of residential business address；
9. Change of details of sole proprietor/partner/director/owner；
10. Change of partners/directors/owners；
11. Change of fit and proper status of sole proprietor/partner/director/owner；
12. Changes to bank accounts used for money services business。

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。