Hong Kong MSO LicenseThe full name is Money Service Operator (money service operator），Mainly involves payment for goods or other payments related to cross-border currency。The license has two core functions：One is to provide remittance and collection services；The second is to provide currency exchange services。Due to China’s huge foreign trade volume，Many small and medium-sized foreign trade companies have failed to set up independent accounts in Hong Kong.，It is often necessary to collect payments through a Hong Kong company holding an MSO license。The Hong Kong MSO license will be explained in detail below.Application process、suitable personrequirements andRenewal requirements，Help companies and individuals interested in engaging in foreign trade payment collection and currency exchange business to clearly understand the relevant content。
License application process and time
To apply for a Hong Kong MSO license, you need to complete the following preparation and review procedures：
- On-site inspection of business premises；
- Check the authenticity of application materials；
- Obtain the decision record of the applicant’s candidate from the relevant agency。
If all goes well with the above process，It usually takes about four months to complete the process。It should be noted that，If the business premises is not suitable for money service operations，Application will be blocked。
Fit and proper requirements
The appropriate person refers to the ultimate controller behind the MSO license。If held by an individual，that individual is a fit and proper person；If it belongs to a corporation or company，Then every director and actual controller (i.e. shareholder member) of the company must be a suitable candidate as necessary。Need special attention，Once any suitable candidate's application materials do not meet the requirements，Hong Kong Customs and Excise DepartmentThe department will terminate the issuance of licenses。
License renewal requirements
The MSO license is generally valid for 24 months。To stagger the license renewal time，Hong Kong Customs may also issue a license valid for 30 months。The licensee must submit a license renewal application within 45 days before the license expires.，Otherwise, you will risk having your license revoked.。
To learn more about Hong Kong MSO license application、Transfer or renewal matters，Welcome to contact Hong Kong Xintong。
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。
