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Hong Kong Money Service Operator (MSO) License

Enigmatig provides a turnkey solution for financial licensing. To facilitate your process of applying for a Hong Kong Asset Management license, we will:

  • Promote your application to the Hong Kong regulators
  • Assist with answering questions regarding the application process and requirements
  • Draft and review application documents and questionnaires
  • Follow up with the application and ensure the submission of additional information required by the related departments in Hong Kong

Permissions

A remittance service means a service of one or more of the following that is operated in Hong Kong as a business:

  1. Sending, or arranging for the sending of, money to a place outside of Hong Kong;
  2. Receiving for the receipt of, money from a place outside of Hong Kong;
  3. Arranging for the receipt of money in a place outside of Hong Kong.

Capital Requirement

No capital requirement.
Physical Presence

Local physical office is required for storage of books and records.

Business Plan

Enigmatig shall seek to understand your business activities and goals to assist with your business plan drafting that best encompasses this whilst still being compliant to the prevailing regulations. Enigmatig shall also advise on the possible questions that might be posed by the regulator.

Requirements & Other Information
  • Applicant to partake in a Fit and Proper Test by the C&ED.
  • A face-to-face interview with the C&ED for verification of documents.
  • Application forms for the applicant, and the relevant supporting documents.
  • Application forms for each corporate partner/ director/ ultimate owner (where applicable) of the Applicant, and the relevant supporting documents.
  • Regarding each premises used for the operation of money service, i) a copy of stamped tenancy agreement or record of ownership of the premises and ii) floor plan of the premises
Due Diligence

Due Diligence is necessary to formally verify the identity of all clients of the firm. The following documents are required to conduct due diligence for the license application:

  • A copy of the photo page of the passport ceritifed by a notary public for each director and shareholder;
  • A copy of proof of address (issued within the last 3 months) by a notary public for each director and shareholder;
  • Curriculum Vitae (CV);
  • Business Plan;
  • Financial Forecast;
  • Organisation Chart;
  • For company directorship or shareholdership, a certified copy of the constitution documents of the company and above details on each director and shareholder of the company;
  • Other supporting document when necessary.
Please note for a company listed on a major stock exchange or subject to regulatory supervision in a country with equivalent AML regulations to Hong Kong, evidence of such listing or regulation will suffice in place of the above information. Where the directors to be appointed are employees of such a listed or regulated company, a certified passport copy and confirmation of employment (to include position) will suffice.
Regulator

The Customs and Excise Department (C&ED) is a government agency responsible for the protection of the Hong Kong Special Administrative Region against smuggling; the protection and collection of revenue on dutiable goods on behalf of the Hong Kong Government; the detection and deterrence of drug trafficking and abuse of controlled drugs; the protection of intellectual property rights; the protection of consumer interests; and the protection and facilitation of legitimate trade and upholding Hong Kong’s trading integrity.

Enigmatig assists with the complete licensing application. Contact us to find out more about the Hong Kong company registration and forex license application. Our team of experts will get back to within the next business day.