1. Licence Issuance Year: 2025
2. License expiration date: August 2025 (easily renewed)
3. Business scope: remittance and currency exchange
4. Bank Account: No bank account has been opened
5. Number of Directors: 1
6. Shareholders: 100 per cent of the shares held by Hong Kong residents
7. Current employees: none
8. Violation record: There was one customer complaint about account freezing in the past year, which was resolved by signing a settlement agreement.
9. Debt record: None
10. Current Monthly Rent: HK $16,000
11. Lease Status: Lease will be renewed in April 2025
HKD 2,600,000
1. Currency exchange services
2. Remittance services: to remit or receive funds from outside Hong Kong, including:
remitting or arranging for the remittance of funds out of Hong Kong;
receiving or arranging to receive funds from abroad;
Arrange for customers to collect payments outside Hong Kong.
3. Digital financial services: support the development of online or mobile platform business, in line with the market demand for digital financial services.
Asian financial hub: operating in Asia's most dynamic financial center to enhance corporate credibility and market expansion capabilities
Enhance trust: Licensed companies are more legitimate and more likely to gain the trust of customers and investors.
Hong Kong registered address: The company needs to have a registered office address in Hong Kong for conducting business and receiving inspection by regulatory authorities. Where a dedicated office address is not available, a local management office (LMO) is required to maintain the books and records of the business and is authorised by the Owner and approved by the Customs & Excise Department (C & ED).
Corporate bank account: MSOs must have a local corporate account to operate locally, and we can assist you in opening a regulatory-compliant bank account, including crypto-enabled banking options.
AML/KYC Compliance: Anti-Money Laundering (AML) and Customer Identification (KYC) policies in compliance with Hong Kong law need to be established.
Renewal requirements: The licence is valid for two years and must be renewed to maintain compliance.
Step 1: Collect information
Step 2: Submit the deposit
Step 3: Accept company documents for due diligence
Step 4: Submit Remaining Money
Step 5: Change Company Name
Step 6: Change of Directors and Ultimate Beneficiaries
1. Document collection and processing
We help collect, review and organize all the necessary documents to ensure a smooth and compliant license transfer process.
2. Local representation and staff support
We assist you to identify or appoint local directors and, if required, qualified responsible managers to meet regulatory requirements.
3. Bank Account Assistance
If required, we can provide you with support in opening and maintaining an MSO account.
4. Follow-up maintenance
After the license handover, we can provide you with continuous compliance support, such as regulatory follow-up, annual declaration and license renewal, to ensure that your MSO is always in good condition.
Customer Witness
