Market demand for MSO licenses in Hong Kong
As outbound travel continues to heat up，A huge group of Chinese tourists are rapidly flocking to major tourist destinations around the world。Data display，2017Chinese tourists in Hong Kong、Total consumption in North America and Europe reaches RMB 587 billion；Expected to be by 2020，Chinese outbound tourists will exceed 200 million，Global cross-border consumption totals up to RMB 5 trillion。
in foreign trade、In the context of the continuous deepening of inbound and outbound tourism and international economic exchanges，market pairHong Kong MSO Money Services License：Service scope、Application materials and penalties for violationsPut forward new requirements。Hong Kong local residents and investors in Hong Kong use currency exchange、Participation in money services such as remittances has increased significantly，The mobile payment market space is also quite broad.。at the same time，Overseas payment still needs to break through several key links，And get Hong KongHong Kong Money Services License：definition、Application requirements、Validity period and penalties for operating without a license(MSO) license is a crucial part of it。
Hong Kong Xintong provides professional agency for all kinds of customersHong Kong MSO Licensefull service，There are also ready-made licenses available for transfer.，Help customers quickly enter the field of currency exchange and remittance。If necessary，You can contact professional consultants through the official website of Hong Kong Information Communication Co., Ltd.。
License application requirements
Before granting a license，The Commissioner must determine whether the applicant issuitable person。In addition to any other matters it considers relevant，Special consideration must be given to the following：
- whether the person has been convicted of any money laundering or terrorist financing offenses in Hong Kong；
- whether the person has been convicted of any crime involving fraud in Hong Kong、Offenses of fraud or dishonest conduct；
- whether the person has ever been convicted of an offense of the nature mentioned in item 1 or 2 above outside Hong Kong；
- whether the person has repeatedly failed to comply with the requirements imposed by the Money Services Operators Ordinance or regulations specified by the Commissioner；
- whether the person is an undischarged bankrupt，or whether it is undergoing bankruptcy proceedings under the Bankruptcy Ordinance；
- Is the person in the process of liquidation?，or be the subject of any winding up order，or whether a receiver has been appointed in respect of that person。
Any person who operates or intends to operate money services must apply for a license。Money services include currency exchange services and remittance services。in，Money changing service refers to a currency changing service operated as a business in Hong Kong，However, it does not include such services that are ancillary to the main business，For example, accepting foreign currencies in retail transactions，or operated on hotel premises by a hotel manager、Mainly designed for the convenience of hotel customers、and only involves transactions involving the purchase of non-Hong Kong dollar currencies in Hong Kong dollars。Remittance service refers to a business operated in Hong Kong、Provide services for one or more of the following types of transactions：
- Send money or arrange for money to be sent outside Hong Kong；
- Receiving or arranging to receive money from a place outside Hong Kong；
- Arrange to receive money outside Hong Kong。
Applicants must pay the license application fee；Fees are required for the grant and renewal of licenses。Hong Kong Information Communication can assist in sorting out all application requirements.，and provide customers with targeted compliance advice，Welcome to contact Hong Kong Information Communications Consultants for consultation at any time。
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。
