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How much does it cost to purchase a money services license?,Transfer MSO license

Financial card care question

Compared to the mainland,Hong Kong’s financial industry can be said to be very mature,While introducing foreign investment,Foreign trade and other fields,It will all involve a license - money services license,Also called MSO license。金钱服务牌照出了能够提供货币兑换服务,Remittance services are also available。接下来我们就一起看看,How much does it cost to purchase a money services license?,Transfer MSO license。

1,After successful application for Hong Kong MSO license,Can I add more business locations myself? Not allowed。Each MSO licensed corporation or individual needs to obtain approval from the General Administration of Customs for each additional business location.,You cannot increase your business premises privately。Otherwise, you may face penalties from customs。2,How long is the validity period of a Hong Kong MSO license? Generally valid for two years。

But if in the course of business,Death of licensed individual,Then this MSO license will also lose its effectiveness.。There is also a situation,That means the license belongs to a corporation.,If this corporation faces liquidation during the period,So no matter how long the time is shown on the license plate,The Hong Kong MSO license will be terminated。3,Hong Kong MSO license application

Require

Is it necessary to have a business location? No。

Many intermediaries who don’t know much about it introduce Hong Kong MSO in articles.

Application process

Must have actual business premises。If the business process is only to provide door-to-door services,All meetings with customers are at the customer's premises,Or just provide money services on or online。Then you only need to provide a mailing address during the application process.,It is not necessary to have a fixed business address。

4,Hong Kong MSO License

Application process

中是否需要进行场地审查?是的。Every registered Hong Kong MSO licensed business premises needs to be reviewed,There was a problem before,That's because some people are afraid of trouble,One or two understatements。Many people may not understand,This involves crime,May result in penalties or even jail time。

由于MSO牌照审核麻烦不少大陆人士为了绕开香港海关的繁杂审核更多的会考虑收购一个牌照来进行相关的业务而收购牌照从花费的时间变更的周期来说也比直接申请更有

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Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong 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

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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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