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Money Service Operator Licence in Hong Kong. Service offer

Proposal for the provision of company registration services in Hong Kong with obtaining a Money Service Operator license. Applicant requirements, licensing process, service fees.

Contents

  1. Sequence of obtaining the license
  2. Payment procedure for services
  3. Fees*

The official Licensing Guide says that the applicant must specify the address of the place of business, and the premises located at that address must be suitable to provide money exchange services and must be accessible for inspection by the officers of the Customs and Excise Department (the regulator).

However, in some cases the company may not to have such premises, for example:

  1. operating a money service without any fixed premises, e.g. door to door service;
  2. meeting customers at a customer office; or
  3. conducting transactions with the use of mobile electronic devices.

In these cases, the applicant only provides the correspondence address.

But there are very few licensees without an office in Hong Kong. Our experience of dealing with Regulators in various jurisdictions shows that one always needs to demonstrate a certain logic of business processes, i.e. if you do not have an office in Hong Kong, then you have an office in another country, where the staff responsible for conducting day-to-day operations are located.

Sequence of obtaining the license

  1. In addition to filling in a special form, the applicant must meet the Fit and Proper Test – if the applicant is a company, then such test applies to directors and shareholders. In particular, they must not have a criminal record, must not have been previously declared bankrupt, must have experience in this field, etc. This is generally checked based on documents submitted by the applicant (CV, reference letters, certificates of clean criminal record, etc.).
  2. After the licence application is submitted, the Regulator makes an appointment with representatives of the applicant to sign a number of documents (the applicant can also provide supporting documents to his application at such meeting).
  3. If the Regulator believes that the applicant has fulfilled all the requirements and can provide services as a Money Service Operator, then the applicant is granted a licence for a period of 2 years (later renewable).
After the licence is granted, the company must appoint persons responsible for Anti-Money Laundering and Know Your Client procedures.
Unfortunately, we have not yet had the experience of obtaining this licence in Hong Kong (however, we did successfully apply for financial and investment licences in other jurisdictions), but we are ready to assist you with this application.
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Payment procedure for services

As this is a new product for us, we suggest the following algorithm for payment of fees:

  • you first pay a fixed sum for incorporation of the company and preparation of documents for the licence application (Stage 1), and
  • if the Regulator grants the licence, you then also pay a ‘success fee’ (Stage 2).

Fees*

Services
Fees (USD)
Stage 1
Total cost of incorporation (including preparation and provision of the company’s original constitutive documents and their apostilled copies, share issue documents, and company seal)
2 500
Preparing documents for and submitting a Money Service Operator licence application (does not include government fees; must be calculated additionally for the specific project)
from 5 000
Stage 2
Success fee (payable after the grant of the licence)
5 000
Annual maintenance (starting from the second year), including the provision of registered office address
2 015
Compliance fee
Payable in the cases of:
- incorporation of a company,
- renewal of a company,
- liquidation of a company,
- transfer out of a company,
- issue of a power of attorney to a new attorney,
- change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder,
- signing of documents.
385 (standard rate, includes the check of 1 individual),
+ 165 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL,
+ 220 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL,
495 (rate for High Risk companies, includes the check of 1 individual),
110 (signing of documents).

*The fees are valid as of September 2025.

Are you interested in the offer?
from USD 14 240
Download offer in PDF
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