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Hong Kong money service company application requirements

Financial card care question

In fact, a currency exchange license is also a money services license.,Also known as Hong Kong MSO License,In addition to providing currency exchange services, a money services license,Remittance services are also available,They all need to obtain approval from Hong Kong Customs before they can carry out business.,Let’s analyze how to apply for a currency exchange license in Hong Kong,And guide to applying for Hong Kong MSO license。

Engage in currency exchange activities,Enterprises also need to meet the following conditions::

  1. Appropriate candidates are those who have been judged by the customs,shareholder、director、The final owner is required to provide a police certificate and a current statement;
  2. a licensee,

Require

Be a permanent resident of Hong Kong;3.The required registered capital of 50W Hong Kong dollars

Require

Paid in full,To ensure the normal development of business;

  1. Provide an actual business address in Hong Kong;
  2. Need to go to the customs headquarters for an interview。

What are the main uses for applying for a Hong Kong money services license? There are two types of:1) currency exchange;Individuals and entities whose main business is currency exchange;(Excluding services incidental to the main business such as currency exchange services provided by hotels) 2) Remittance services;There are three situations,They are to send money to places outside Hong Kong.、Receive money from or arrange to receive money from outside Hong Kong。

The department responsible for processing applications for currency exchange licenses in Hong Kong is the Money Services Supervision Bureau,After receiving the application materials,Applicants will be notified of receipt,and check the materials。Applicants will receive interview notice and payment slip,and go to the customs in person to sign the official

Require

Application form for grant of money services operator license,Applications may be made in writing,It can also be electronic。

Hong Kong Xintong has 7 years of professional and mature experience in the field of Hong Kong license processing,Well versed in policy changes in Hong Kong,Timely adjust entry plans for investors。If the applicant is a suitable candidate、Licensee、Registered capital、Have any difficulty finding office space?,Hong Kong Telecom can assist you,Hong Kong Money Services License Application,Welcome to further communicate with Hong Kong Information Network for details of the process guidance for applying for a Hong Kong money services license.。


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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Picture of Chen Weilun

Chen Weilun

Chen Weilun, money service operator in Hong Kong (MSO) Compliance and regulatory practice areas include 12 years of experience。He served as head of the compliance department of the local payment and currency exchange licensing authority,Directly responsible for MSO license application、Anti-money laundering / Customer due diligence system (AML/KYC)、risk assessment design、Establish daily monitoring procedures and communicate with the Customs Department for review and other compliance tasks。

Areas of expertise:MSO license application、AML/KYC system、risk assessment、daily monitoring procedures、Customs Department review communication。

Previous institutions:Hong Kong MSO Payment Institution & Head of Compliance Department

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