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How to Register a Remittance Company in Hong Kong



To register a remittance company in Hong Kong, you must first obtain a Money Service Operator (MSO) license from the Customs and Excise Department (C&ED). The application process is as follows:


1. Complete an online self-assessment tool called iPass. This tool will help you to assess your eligibility and readiness for an MSO license.


2. Gather the required documentation. This includes:

  • A completed MSO license application form (Form 1)

  • A completed Fit and Proper Person Declaration form for individual applicants (Form 3A) or for corporate applicants (Form 3B)

  • A copy of the company's business registration certificate

  • A copy of the company's latest audited financial statements

  • A copy of the company's memorandum and articles of association

  • A copy of the company's leasing agreement for its business premises

  • A copy of the company's anti-money laundering and counter-terrorist financing policies and procedures

3. Submit your application to the C&ED. You can submit your application online or by mail.


4. Once your application has been approved, you will be issued with an MSO license.


The processing time for MSO license applications is typically 3-6 months.


In addition to obtaining an MSO license, you will also need to register your business with the Companies Registry. To do this, you will need to submit the following documents:

  • A completed company registration application form

  • A copy of the company's memorandum and articles of association

  • A copy of the company's business plan

  • A copy of the company's financial projections

  • A copy of the company's identity documents for its directors and shareholders

The processing time for company registration applications is typically 7-10 working days.


Once you have obtained an MSO license and registered your business, you will be able to start operating your remittance company in Hong Kong.


Here are some additional tips for registering a remittance company in Hong Kong:

  • It is important to have a good understanding of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) before you apply for an MSO license. The C&ED has published a number of guidelines and resources to help businesses comply with the AMLO.

  • You should also have a business plan in place that clearly outlines your target market, business model, and financial projections. This will help the C&ED to assess your eligibility for an MSO license.

  • It is also advisable to seek professional advice from a qualified accountant or lawyer to assist you with the application process.

Seek Professional Advice from Bestar


It is advisable to seek professional advice from a qualified accountant to assist you with the application process for registering a remittance company in Hong Kong. Bestar is a reputable accounting and advisory firm in Hong Kong with a proven track record of helping businesses to register and operate remittance companies. Bestar's team of experienced accountants can provide you with comprehensive guidance and support throughout the application process.


Here are some of the benefits of seeking professional advice from Bestar:

  • Expertise: Bestar's team of accountants have extensive experience in the remittance industry and with the MSO licensing process in Hong Kong. We can help you to understand the requirements of the application process and to prepare the necessary documentation.

  • Peace of mind: Hiring Bestar to assist you with the application process can give you peace of mind knowing that you are in good hands. Bestar will take care of all the details, so you can focus on other aspects of starting your remittance company.

  • Increased chances of success: Bestar's team of experts can help you to increase your chances of success by ensuring that your application is complete and accurate. We can also advise you on how to best position your remittance company for success in the Hong Kong market.

If you are serious about registering a remittance company in Hong Kong, contact Bestar.



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