Hong Kong MSO license application process，Hong Kong money services license application information

Detailed introduction is to regulate the illegal activities of some people in Hong Kong when providing services such as currency exchange and cross-border remittances.，Hong Kong Customs has proposed an MSO license system，It is stipulated that all persons engaged in related businesses must apply for an MSO license，Otherwise it is illegal。Mainly to combat unlicensed operations，The phenomenon of illegal fundraising。So，If you want to apply for an MSO license，What conditions need to be met?

Basic information required to apply for an MSO license：

1. Applicants must be individuals or companies recognized by Hong Kong，That is, a company incorporated in Hong Kong or a non-Hong Kong company registered at the Registrar；
2. Relevant shareholders of the company，director，The owner is required to provide a past criminal record and a recent bank statement.；
3. The actual payment of HKD 500,000 is the registered capital.；
4. Basic core name，and the nature of the money service business to be operated；
5. Business address information；Address required to register when applying for MSO license。

Generally speaking，The registered address is the address used for business：

1. The address is used to conduct business；
2. Address used for promotional purposes，appear on ads；
3. is an address belonging to the licensee。As long as the address can be entered by customs officers to enforce the regulations，It is OK to be able to allow or authorize someone to enter the address for routine inspections.。

MSO license

Application process

：

1. Provide company business registration certificate，Annual Return/Incorporation Form，Company structure，Articles of Association and Memorandum of Association，Shareholding ratio of each member of the company，Company registration certificate；
2. The applicant is witnessed by a notary public，Make appropriate candidate determinations；
3. Applicant meets with customs officers，Formal signing of relevant agreements。Application form for money service operator license granted by Customs。

Application related

Things to note

：1.There are some parts in the application process

cost

need to pay，If the application fails，

cost

non refundable；

1. The license is valid for two years，License renewal must be applied for 45 days in advance。If the licensee dies，or the licensed corporation is facing liquidation，All license plates become invalid immediately.，terminated；
2. License duration，Any changes related to the license need to be reported to the Customs Officer。
3. If you have more than one business location，All must be reported，Let customs review。This is a case of crime，If there is an underreporting，There will be severe punishment，Even go to jail。

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