in recent years,The number of money service companies and practitioners in Hong Kong has increased significantly,Closely related to the activity of the mainland’s foreign trade environment。As an international financial center,Hong Kong account facilitates collection of foreign currency loans、Remittance and settlement,Allow funds to flow into the mainland market more efficiently,Many people see business opportunities from it。Hong Kong Xintong holds several Hong Kong MSO licenses,And provide agency services for money service licenses,The acquisition cost of the MSO license varies depending on the transferor.、There are differences in factors such as license status and transaction structure,The specific amount needs to be assessed on a case-by-case basis。
Hong Kong MSO license application requirements
Applicable objects for license application
Anyone operating or intending to operate money services must apply for a license。
Definition of money services
Money services mainly refer to the following two types of services::
- currency exchange services:i.e. currency exchange services carried on as business in Hong Kong,But does not include exchange activities incidental to the main business。For example,Retail businesses that accept foreign currency in transactions,or provided by the managing hotel operator on their premises、Mainly for the convenience of hotel customers、and only involves transactions involving the purchase of non-Hong Kong dollar currencies in Hong Kong dollars。
- Remittance service:i.e. carried on as a business in Hong Kong、Providing services for one or more of the following transactions:Send money or arrange for money to be sent outside Hong Kong;Receiving or arranging to receive money from a place outside Hong Kong;or arrange to receive money outside Hong Kong。
License application fee
Fees are required to apply for the grant and renewal of a license,The specific amount shall follow the provisions of the fee schedule in Article XIV。
Licensing requirements for additional premises
except principal premises,No separate license is required for each additional premises operating money services,However, it must be included in the license application or renewal application,Appropriate fees must be paid for each additional premises。
Application time requirements
Anyone operating a money service must apply for a license from the Commissioner。A remittance agent or money changer registered with the Joint Financial Intelligence Unit of the Hong Kong Police Force,If its registration is still valid on March 31, 2012,During the 60-day transition period from April 1 to May 30,Can still continue to operate at the premises registered in the original register;Those who wish to continue operating after the transition period,License application needs to be submitted in advance,Business can be maintained until approval is completed。
License Application Fee Refund Policy
Regardless of whether the license application is ultimately approved or renewed,Application fees collected are not refundable。
License form
The license shall be in a format specified by the Commissioner,The following content must be stated:For licenses permitting operations on specific premises,Specify the address of each premises;In other cases,Correspondence address of specified licensee;Endorsement of conditions imposed or modified under section 31 or 32 of the Ordinance;and the validity period of the specified license。
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。To learn more,Please contactHong Kong Information Communications Consultant。

