Hong Kong Insurance Broker LicenseAvailable via new application or acquisition off-the-shelfinsurance brokerage companyTwo ways to obtain。Different paths in the approval cycle、Personnel qualifications、Funding arrangements、There are significant differences in the complexity of insurance company contracts and regulatory communications.。We recommend clarifying business goals before launching、License types and contract requirements，and then formulate a more stableSolution。
Hong Kong insurance broker license application requirements
- The applicant must be a company incorporated in Hong Kong，or an overseas company registered with the Hong Kong Companies Registry，And have actual office address and company account。
- Insurance brokerage companies must have sufficient share capital，and maintain a net asset value and paid-up share capital of not less than HK$100,000 at all times.。
- The company must appoint a compliantCEO（CE），The chief executive must be a full-time director or full-time employee of the company’s business in Hong Kong。
Obtain a Hong Kong insurance broker license through the new application method，The overall cycle is relatively long，Regulators’ background on shareholders、The review of the qualifications of senior managers and chief executive officer (CE) is also relatively strict.。In practice, we will focus on assisting clients in sorting out their shareholding structures.、Personnel resume、Proof of funds and compliance documents，To improve the efficiency of docking with relevant regulatory authorities。
Types of acquisitions of insurance brokerage companies in Hong Kong
Except for new applications，Acquiring existing Hong Kong insurance brokerage companies is also a common path。Before customers choose an acquisition plan，It should first be clarified whether the target company needs to be accompanied by an insurance company contract。
- Qingshui brand：Obtained insurance broker license，But a company without any insurance contract。
- With contract license：Obtained insurance broker license，A company that has signed contracts with three major insurance companies。Such targets usually have higher commercial value，Therefore, the transfer price is relatively higher。
Hong Kong insurance brokerage license transfer process
The transfer of Hong Kong insurance brokerage companies is not a simple equity delivery，Often involves multiple key information changes，Including whether the Chief Executive Officer (CE) needs to be replaced、How to replace、Is it necessary to provide proof of source of funds?，and existing address、personnel、How to accept contracts and business information, etc.。
in the process of transfer，Scheme design、Document preparation and regulatory communication require strong professionalism。We will combine the actual situation of the target company，Develop scientific processing procedures and operational paths，Assist customers to connect and communicate with the China Insurance Regulatory Commission more smoothly。
Hong Kong insurance broker license application plan
Option 1：All-inclusive new application
- Processing cycle：about 5 months。
- Personnel arrangement：Chief Executive Officer (CE) can be provided by us。
- Address arrangement：We can help you find an office。
- Funding requirements：HKD 1 million is required for capital verification and payment，It is the customer's responsibility。
Option 2：Acquire existing insurance companies，With contracts from three major insurance companies
- Contract scope：With contracts from three major insurance companies，Including Prudential、AXA、Allies。
- Processing cycle：About 1 to 2 months。
- Address and personnel：Ready-made architecture can be used directly。
- Funding arrangements：No further investment is required for HK$1 million。
Option three：Acquire existing insurance companies，With or without a small insurance company contract
- Contract scope：Option to bring a small insurance company contract，or off-the-shelf insurance brokerage without contract。
- Processing cycle：About 1 to 2 months。
- Address and personnel：Ready-made architecture can be used directly。
- Funding arrangements：No further investment is required for HK$1 million。
Advice on applying for an insurance broker license in Hong Kong
If the customer values building their own company structure、Personnel system and long-term compliance operations，New application paths may be considered；If the customer wants to start business faster，And hope to take over existing contracts or ready-made structures，Priority can be given to evaluating the feasibility of acquiring existing insurance brokerage companies.。
We will base on our customers’ business positioning、budget arrangement、Time requirements and contractual requirements，Assist in deciding whether to choose a new application、Acquisition of Qingshui brand，Or buy an existing company with an insurance company contract?，And complete the due diligence、Document preparation、Personnel arrangement and supervisory communication work。
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。
