Hong Kong MSO license acquisition，Currency exchange qualification transfer process

Hong Kong MSO license acquisition，Currency exchange qualification

transfer process

。Minatoshintsu-Organization。 With the onset of outbound travel boom,，Chinese travelers form a huge wave，A tourist attraction that has taken the world by storm。There is data displayed，2017Chinese tourists in Hong Kong、Consumption in North America and Europe reached 587 billion yuan，2020It is predicted that there will be 200 million Chinese outbound tourists annually，Total global cross-border consumption reaches 5 trillion yuan。

foreign trade，Inbound and outbound travel，The deepening of international economic exchanges。In this consumption scenario，There is new demand for currency exchange in the market。Hong Kong people and currency exchange investment in Hong Kong、Examples of money services such as remittances have also increased。The mobile payment market can be said to be very broad.。However, there are also several key links that need to be broken in overseas payments.。The application for Hong Kong MSO license is one of the steps。

Hong Kong Xintong-now provides various services for MSO license agency，There are also existing licenses available for transfer。Anyone who needs it can find me from the contact information on the website.。 The following is the part of MSO license application transfer

Require

。 grant of license： When determining whether a person is a suitable candidate，In addition to taking into account any other matters it deems relevant，The following matters also need to be taken into consideration：

1. whether the person has ever been convicted of a crime。
2. whether the person has been convicted of a crime outside Hong Kong。 (1)Commit an offense relating to money laundering or terrorist financing； (2)commit any crime，and that person will be fraudulent、Fraudulent or dishonest conduct。
3. whether the person has repeatedly failed to comply with the requirements imposed under the Money Services Business Ordinance

Require

or regulations specified by the Commissioner。

1. whether the person is an undischarged bankrupt or the subject of batch proceedings under the Bankruptcy Ordinance。
2. Is the person in the process of liquidation?，or whether the subject of any winding up order，or whether a receiver has been appointed in respect of that person。 Apply for a license
3. 1Who needs to apply for a license? Anyone operating or intending to operate money services must apply for a license。
4. 2What are money services? Money services means currency exchange services or money transfer services。
5. 3What is a currency exchange service?

currency exchange services(moneychangingservice)Refers to currency exchange services carried out as a business in Hong Kong，However, it does not include such services incidental to the main business，For example, a retail business that accepts foreign currency in transactions or is so operated by a person who manages a hotel、Services that meet the following description— (a)The service operates on the hotel's premises，Mainly for the convenience of customers staying in the hotel；and (b)Only includes the person’s purchase of non-Hong Kong dollar currencies for exchange in Hong Kong dollars.。

1. 4What is a money transfer service? Remittance service(remittanceservice)Refers to a business conducted in Hong Kong、Providing services for one or more of the following transactions— (a)Send money or arrange for money to be sent outside Hong Kong； (b)Receiving or arranging to receive money from a place outside Hong Kong； (c)Arrange to receive money outside Hong Kong。
2. 5Do I need to pay a license application fee?

need。Applications for the grant of a license and renewal of the license must be paid

cost

。 The above is Hong Kong Xintong-related compilation of Hong Kong MSO licenses。If you need more information，Welcome to contact Hong Kong Xintong-。

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。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。