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

Hong Kong Insurance Broker License Transfer Guide

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,Provide proof of source of paid-in capital。

Main conditions

  1. Must be a company incorporated in Hong Kong orHong Kong company registrationOverseas companies registered in,and have a physical business address。
  2. Staffing a Compliance Chief Executive (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。
香港保险经纪牌照转让条件
Hong Kong Insurance Broker LicenseTransfer conditions

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

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。

香港保险经纪牌照申请与转让相关监管与申请信息
Application and transfer of Hong Kong insurance broker license

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connect:Hong Kong Information Communications Consultant

Picture of Xu Wanting

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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