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Hong Kong Insurance Broker License:transfer process、Acquisition conditions and precautions

Financial card care question

Hong Kong Insurance Broker LicenseIt is an industry qualification that Hong Kong insurance intermediaries must hold。Hong Kong insurance products have dividend attributes,Attracting many mainlanders to allocate overseas assets in this way。Acquisition of Hong Kong insurance brokerage licensePlays a key role in expanding the insurance market。

Transfer and acquisition process

  1. Choose the right acquisition target,Focus on investigating the insurance companies it has signed with,This will directly affect the final transaction price。
  2. rightHong Kong insurance brokerage companybusiness、assets、Conduct a comprehensive investigation into the performance of obligations, etc.。
  3. Sign transfer contract。
  4. Complete shareholder registration in Hong Kong、Registration of changes in personnel and other related information。
  5. In process of change,supplyPaid-in capitalProof of origin。

Main conditions

  1. Must be a company incorporated in Hong Kong or an overseas company registered with the Hong Kong Companies Registry,and have a physical business address。
  2. Equipped with complianceCEO(CE):CE cannot be changed,Otherwise it is equivalent to re-applying for a license,The insurance contract also needs to be re-signed with the insurance company。
  3. Registered capital must be self-owned funds,and must provide corresponding supporting documents。

Things to note

  1. It is best not to change the Chief Executive Officer (CE),This move will complicate the acquisition process。
  2. Proof of source of paid-in capital must be provided accurately,To prove that the funds are owned。

Related industry observations:In communicating with mainland customers,Many people report lack of confidence in mainland insurance products,One of the important reasons is the uneven quality of employees,And the effectiveness of supervision needs to be improved。In comparison,Hong Kong’s insurance professional team generally has a bachelor’s degree or master’s degree or above,All practitioners must obtain relevant licenses from the Insurance Regulatory Bureau,Provide more reliable professional protection for the market。

About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong 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

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Xu Wanting

Xu Wanting has been engaged in insurance and financial services compliance work in Hong Kong for many years,Responsible for the preparation of IA insurance brokerage regulatory compliance documents、Internal control process construction、AML system design、Regulatory filings and interactions with regulators。She is familiar with insurance product liability、sales compliance、Institutional requirements such as customer protection regulations and establishment of internal training and compliance systems。

Areas of expertise:IA Insurance Brokerage Regulatory Compliance Documentation、Internal control process construction、AML system design、Customer protection regulations、Internal training。

Previous institutions:Hong Kong insurance brokerage company & IA Compliance Team

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