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What are the requirements for applying for a Hong Kong MSO license?

Financial card care question

Hong Kong Xintong Peng Yishuo License:Everyone should have felt the rapid development of the Internet now,It can be said that the Internet has brought huge changes to our lives and work.。In the eyes of caring people,This change is undoubtedly a business opportunity。This article wants to tell you about this license that is closely related to the Internet - what are the requirements for applying for a Hong Kong MSO license?。

  1. Business address that needs to be registered:The business address that needs to be registered is the address you use to operate a currency exchange service or a money transfer service. The following are some examples of specific addresses used to operate a money services business.:(i)、This address is used as an address for operating money services;(ii)、The address is advertised (including display of signboard) as being used as a place to meet clients;(iii)、The address is often controlled by the licensee,For example, as a landlord or tenant。

If there is a specific address, it must comply with:Specific addresses are accessible to customs officers,To implement the provisions of the Ordinance。If the address involved in the application is a residential address,The applicant must ensure that the written consent of each occupier of the address is obtained,Allow authorized persons to enter the address for routine inspections。

  1. Addresses that meet the following conditions do not need to be registered:(i) Addresses located outside Hong Kong;(ii) The address is not primarily used for operating money services,For example, addresses that are only used for the following purposes:· Storage of business records · Staff training If there is no specific address, a mailing address must be provided in the application form.。

The following examples do not require registered business address:(i)、Operating money services from a non-fixed address,For example, providing door-to-door service;(ii)、Meet the customer at their office;(iii)、The procedures for non-Hong Kong citizens to apply for a Hong Kong money service operator license using only mobile devices for transactions are as follows::According to the Hong Kong Customs and Excise Department’s guidelines for applying for a money services license,Non-Hong Kong people must apply in the name of a company to obtain a license.,The following is the application procedure:one、Applicant provides company business registration certificate、Company registration certificate、Annual return (or company formation form if it is a new company)、Company structure、Give us the shareholding percentage of each member of the company and the company's memorandum and articles of association.,We will apply;two、applicant(or any of its partners / director / ultimate owner)A notary public witness is required to make a fit and proper determination.;three、Applicants need to meet with customs officers to formally sign

Require

Application form for grant of money services operator license;The above are the requirements for applying for a Hong Kong MSO license.,Through the editor’s introduction,Everyone should know something about it。

If necessary, please contact me directly。Related products:What are the requirements for applying for a Hong Kong MSO license?


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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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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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