Valsen Corporate

Hong Kong Money Operator Licence

Hong Kong Money Services Operators (MOS) License
Any person operating a money service is required to be licensed with the Commissioner of Customs and Excise pursuant to the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Chapter 615 (AMLO).
Hong Kong Money Services Operators (MOS) License Key Features
Money service operator’s service includes money changing service or a remittance service. A money changing service means a service for exchanging of currencies that is operated in Hong Kong as a business, but does not include such a service:

  1. That is incidental to the main business e.g. retail business accepting foreign currencies in transactions.
  2. That is operated by a person who manages a hotel if the service.
  3. Is operated within the premises of the hotel primarily for the convenience of guests of the hotel.
  4. Consists solely of transactions for the purchase by that person of non‐Hong Kong currencies in exchange for Hong Kong currency.

Hong Kong Money Services Operators (MOS) License Legal Requirements

Requirements

Description

General
  • Corporate  vehicle permitted

Hong Kong Company
  • Local physical office required

No
  • Validity of Licence

2 Years

Directors
  • Minimum number

2
  • Corporate directorship allowed

Yes
  • Local director required

No

Shareholders
  • Minimum number

2
  • Corporate shareholders allowed

Yes
  • Local  shareholders required

No

Service Providers Required
  • Company Secretary

Yes

Accounts

  • Requirements to File

Yes

Hong Kong Money Services Operators (MOS) License Tax Treatment
There is no capital, value added or inheritance taxes in Hong Kong, nor any stamp or document duties except in respect of Hong Kong real property.
Hong Kong Money Services Operators (MOS) License Duration to Set Up
2 -3 months
Hong Kong Money Services Operators (MOS) License Distinctive Benefits

  • There is no capital, value added or inheritance taxes in Hong Kong, nor any stamp or document duties except in respect of Hong Kong real property.
  • There is no requirements for presence of a physical office
  • There are no minimum capital requirements

 
Why US (Key Strengths)

  1. We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances.
  2. Valsen will assist to complete every form for each process in the best way we know how (Based on our many years’ experience with various regulators and service providers across the world)
  3. We are very hands on in the post filing period checking with re regulator and service providers and updating you regularly. Any queries raised by the regulators and service providers during processing will be quickly synthesized by us and we shall craft the right responses to move the process forward fast.
  4. We can provide you with fit and proper directors in case you need. We have a wide network of qualified and experienced lawyers, chartered accountants, chartered financial analysts, wealth managers, FX experts, Investment advisors etc. of international pedigree.
  5. We have a full in-house compliance support for all compliance requirements with the regulator and service providers