The Hong Kong MSO license is a license that anyone who operates or intends to operate money services must apply for。and money services means currency exchange services or remittance services。Notice：Operating a business without a license，Can be fined HK$100,000 and imprisoned for six months。
Hong Kong Xintong-Services provided
- Preliminary review of the situation of the Hong Kong company on the demand side，Provide corresponding compliance advice on newly issued licenses；
- Licensee；
- office space；
- Professional compliance consultant、Accountant、Lawyer services；
- Hong Kong mso license transfer。If necessary，Can be viewed on the website、connect。
- How long does it usually take to apply?
No specific market for approval，Processing times vary for various reasons，Including collecting required documents from applicants、Conduct on-site inspections at business premises，and the time required to record a fit and proper determination from another agency。
- Under what circumstances will the Commissioner refuse to grant a money services license to an applicant?
- The applicant or one or more applicants in the applicant's business failed to pass the fit and proper determination；
- The proposed premises are not suitable for carrying on the business；
- The applicant failed to obtain the written consent of each occupier of the residential premises used for operating money services，May allow or authorize a person to enter the premises to conduct routine inspections。
- After receiving the license application form，Customs will issue a notice confirming receipt of the application form to the applicant.，and will check the submitted documents，and when necessary
Require
Applicant provides clarification。after，Applicants will be notified of the interview and will apply for the grant of license and a fit and proper determination.
cost
bill of payment。Applicants must bring this notice，The original copy of the payment record and required documents will be met with our staff as scheduled.。Our staff will check the original documents and payment records during the interview。
Applicants must sign a formal
Require
Application form for grant of money services operator license。Processing time will vary based on various factors，Including collecting required documents from applicants、Conduct on-site inspections at business premises，and the time required to obtain fit and proper determination records from other agencies。
If the applicant is an individual，the individual and each ultimate owner，or in the case of a partnership，Each partner and each ultimate owner of the partnership，or in the case of a corporation，Each director of the corporation，and each ultimate owner of a corporation connected with the operation of a money services business is required to apply for a fit and proper determination。After receiving the fit and proper declaration form，The Commissioner will conduct multiple inspections，To confirm the accuracy of the information provided。
The verification includes sharing the information with the Department、Verification of information held by other government departments and law enforcement agencies。
- How does Hong Kong MSO determine whether someone is a suitable candidate?
- Is the person a convicted offender?；
- whether the person has been convicted of a crime outside Hong Kong；
- whether the person repeatedly fails to comply with any requirements imposed under this Ordinance
Require
；
- (if the person is an individual) whether the person is a bankrupt or a discharged bankrupt；
- (if the person is a corporation) whether the person is in liquidation，or whether the subject of any winding up order，or whether a receiver has been appointed in respect of that person。
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。
