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Hong Kong MSO License:Application requirements、Process and fee structure

Hong Kong MSO License:Application requirements、Processing process and fee structure|Hong Kong Xintong Financial Compliance Services

MSO 是香港Money Service Operator License的简称。Although its application requirements are more relaxed than those of the 10 major licenses under the Hong Kong Securities Regulatory Commission,,However, the details involved in the actual processing are still quite complicated.。The following will systematically sort out the application conditions for MSO licenses in Hong Kong.、Specific process、Required information and fees。

香港MSO牌照:申请要求、办理流程与费用构成配图1
Hong Kong MSO License:Application requirements、Process and fee structure:Relevant supervision and handling points

Hong Kong MSO license application requirements

  1. Registered capital:50 10,000 Hong Kong dollars,Must be paid。
  2. suitable person:shareholder、Directors and ultimate owners must provide proof of no criminal record,and have been determined by the Commissioner of Customs and Excise to be fit and proper candidates。
  3. licensed responsible person:Appoint at least one licensed responsible person,The responsible person must be a Hong Kong permanent resident。
  4. business place:Must have a fixed office and business location in Hong Kong。
  5. Interview requirements:Applicants must undergo and pass the interview with the Commissioner of Customs and Excise.。
香港MSO牌照费用构成
Hong Kong MSO license fee structure

Hong Kong MSO license application process

  1. Submit your application in writing or electronically to the Money Services Supervision Division of the Customs and Excise Department,Relevant forms can be downloaded from the designated website。
  2. Customs will review the application materials after receiving them.,When necessary, the applicant will be asked to provide additional explanations or clarifications on individual matters.。
  3. After passing the review,Customs will issue a payment notice,After the applicant completes the payment,Customs officers will verify payment records。
  4. Applicants must be witnessed by customs officers,Formal signing of the money service operator license application form。

The overall processing cycle is usually 6 to 8 months。

Information required for application

  1. Company qualifications:Applicants can be individuals or companies。If it is a company,Must be a local enterprise incorporated in Hong Kong,or an overseas company registered with the Companies Registry。
  2. Proof of fitness and fitness:shareholder、Directors and ultimate owners are required to submit certificates of no criminal record and bank statements。
  3. Proof of capital:50 Documents proving the paid-in registered capital of HKD 10,000。

License application fees and risks

When applying for a Hong Kong MSO license,The customs department will charge a certain processing fee.。What needs special attention is that,Even if the final license is not approved,Application fees paid are not refundable。Due to the complicated information required to apply for an MSO license,Not all applications are successfully approved,This cost loss is a risk that cannot be ignored during the application process.。

The above are the conditions for Hong Kong MSO license application、process、Systematic sorting of data and expenses。Whether personal or corporate,If you choose to do it yourself due to cost considerations,It is extremely easy to fail the application due to neglect of material details or misunderstanding of the process.,Not only is it time consuming,More likely to lose non-refundable application fees,Ultimately the gain outweighs the loss。


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 coverageHong 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。

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connect:Hong Kong Information Communications Consultant

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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