A Money Service Operator License (MSO License) is a legal license that allows the provision of currency exchange, cross-border remittances and other related financial services in Hong Kong.
Advantage:
Legal operation: An MSO license indicates that your business is legally operating in Hong Kong, which helps build credibility and trust and attract more customers.
Financial Regulation: Holding an MSO license means your business is regulated by the Hong Kong Monetary Authority, which helps ensure that your business complies with regulatory standards, including Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
Market Access: Holding a license allows easier access to the Hong Kong financial services market, which is a potential market that attracts many international clients.
Improved customer trust: Having a license increases customer confidence in your business because they know you are supervised and protected by a regulatory body.
Compliance: MSO holders must adhere to a range of compliance requirements, which can help prevent illegal activities and financial crime.
We are responsible for:
Prepare documents: A series of documents need to be prepared, including company registration certificate, shareholder information, financial statements, business plan, AML/CTF policies and procedures, etc.
Submit your application: The application is submitted to the Hong Kong Monetary Authority (HKMA). Make sure you fill in all necessary forms and pay the fee to process your application.
Undergoing an investigation: HKMA will review the business to ensure that regulatory requirements are met. This may include on-site inspections and interviews.
Waiting for approval: Once the application is approved, you will obtain an MSO license and can start legally operating financial services business.
