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Hong Kong MSO license application:Business address registration requirements and application procedures for non-Hong Kong citizens

Financial card care question

business addressRequire

Apply for a Hong Kong Money Services Operator (MSO) License,Must register an address for operating currency exchange or remittance services。The registered address must meet the following definitions:As a place to operate money services;Being promoted as a place to meet customers (e.g. displaying signage);The licensee regularly controls the address as owner or tenant。

If a specific address is involved,Must ensure that customs officers have access to enforce the regulations。If the address is a residential address,The applicant must obtain the written consent of each occupier,Allow authorized personnel to enter for routine inspections。

No need to register a business address

Addresses that meet the following conditions do not need to be registered:

  • Located outside Hong Kong;
  • Not mainly used to operate money services,For example, only to store business records or staff training。

If there is no specific address,Correspondence address must be provided in the application form。There is no need to register a business address in the following situations::

  • Operating money services from a non-fixed address,For example, providing door-to-door service;
  • Meet the customer at their office;
  • Only use mobile devices to trade。

Non-Hong Kong nationalsApplication procedure

Non-Hong Kong citizens must apply for the license in the name of the company,The specific procedures are as follows:

  1. Submit company business registration certificate、Company registration certificate、Annual return form (new companies will provide a company establishment form)、Company structure、Shareholding percentage of each member and the company’s memorandum and articles of association,Apply with our assistance;
  2. The applicant (or any of its partners/directors/ultimate owners) is required to conduct aDetermination of fit and proper person
  3. Applicants are required to meet with Customs officers,Officially sign the license application form。

The above is the applicationHong Kong MSO LicenseMain conditions involved。If further assistance is needed,Welcome to contact Hong Kong Xintong。

About Hong Kong Xintong

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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