Hong Kong Money Service Operator (MSO) License
Acquiring a Hong Kong MSO license opens doors to a regulated financial environment with access to money exchange and remittance services. The license allows businesses to operate legally under Hong Kong’s robust financial regulatory framework, making it an excellent choice for companies offering remittance and currency exchange services.
1. Year of Licensing: 2025
2. Expiration Date: August 2025
3. Business: Remittance and Currency Exchange
4. Bank Account Status: No current bank account
5. Director(s): 1
6. Shareholder(s): 100% shareholding, Hong Kong resident
7. Current Employee(s): No
8. Disciplinary History: One customer complaint in the past year regarding account freezing, but it was resolved with a settlement agreement with the customer.
9. Debt Record: None
10. Current Monthly Rent: 16,000 HKD
11. Lease Expiration: Lease to be renewed in April 2025
HKD 2,600,000
1. Currency Exchange Service
2. Remittance Service: You can provide money transfer services to or from Hong Kong, including arranging international remittances. For example:
- sending or arranging the sending of money to locations outside Hong Kong;
- receiving or arranging for the receipt of funds from abroad; and
- organising the receipt of money in locations outside Hong Kong.
3. Digital Financial Services: Extend your business to online or mobile platforms, adapting to the increasing demand for digital financial services.
- Prime Financial Hub: Operate in one of Asia’s most dynamic financial centres, enhancing your business credibility and market reach.
- Build Trust: An MSO licence increases your business legitimacy, attracting more clients and investors.
- Hong Kong Registered Office Address: A local office address is required where the company’s business activities and meetings will be conducted. This must be authorised by the landlord through a formal agreement and approved by a representative of the C&ED. If no dedicated premises are available for the money service operation, a local management office (LMO) must be designated for storing the business’s books and records.
- Corporate Bank Account: A business bank account is necessary for MSO operations in Hong Kong. We offer guidance to help you set up a compliant account, including crypto-friendly banking options.
- AML/KYC Compliance: Establish AML and KYC policies that align with Hong Kong regulations.
- Renewal: A granted MSO licence is required to renew registration every two years after the initial registration to maintain compliance.
Step 1: Data Collection
Step 2: Submit Deposit
Step 3: Receive Company Documents for Due Diligence
Step 4: Submit Remaining Payment
Step 5: Changing of Company Name
Step 6: Changing of Directors & UBO
1. Documentation Collection & Processing
We gather, review, and organize all necessary paperwork, ensuring a smooth and compliant license transfer process.
2. Local Representation & Personnel Provision
If you need, we help source or appoint resident directors and qualified responsible managers, ensuring you meet compliance requirements.
3. Bank Account Assistance
If you need, we support you in opening and maintaining the corporate bank account mandated for MSO holders.
4. Ongoing Maintenance
We provide post-licensing support—monitoring regulatory updates, handling annual filings, and guiding you through license renewals to keep your MSO in good standing.
Contact us for more details!
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