Send us a request and we will contact you as soon as possible.
Hong Kong Monetary Authority (HKMA), which regulates financial establishments and money service operators in Hong Kong, also issues licenses for payment service providers. PSP permission holders are entitled to offer remittance favors in Hong Kong, including electronic remittance favors, money transfer favors and other related favors.
In order to get a PSP license in Hong Kong, there are several basic demands. The applicant must be a firm incorporated in Hong Kong. Second, the applicant must have a minimum paid-up part fund of 20,000 dollars.
In addition to these demands, the HKMA also conducts a thorough assessment of the applicant’s financial stability, operational capabilities and risk administration systems. The assessment process may take several months, and during this process the HKMA may request further info or clarification from the applicant.
To obtain a PSP license in Hong Kong, certain demands must be met. Below are the main demands that the applicant must meet:
In addition, the applicant must comply with various adjustment demands and be subject to supervision by the HKMA after obtaining a PSP permission. The licensee must comply with various adjustment and guidelines issued by the HKMA, including anti-money laundering (AML) and counter-terrorist monitoring(CTF) requirements. The HKMA may also conduct regular reviews and audits to ensure that the licensee is acting in accordance with regulatory demands.
In general, acquiring a PSP license in Hong Kong is a complex and thorough operation that requires a significant investment of time, resources and expertise.
Obtaining a PSP license in Hong Kong can have several benefits for a firm engaged in e-payment transactions. Below are some of them:
New Zealand, known for its stunning scenes and flourishing economy. A vigorous and dynamic monetary administrations area can be offered by Financial services provider in New Zealand. As a center point of development and dependability, the nation draws in both neighborhood and global financial backers looking for solid monetary arrangements. In this article, we dive…
Persons who received it have the right to issue e-money, transfer and exchange it. The AEMI permit is issued for an indefinite period. It allows conducting business related to virtual money within the EU Economic Area. One permit is enough to work in all states included in the EEA. Which services you could supply You…
Organizations dealing with virtual monetary forms are firms offering specific services and being engaged in e-funds handling and processing. Holders of a permit as AEMI license in Lithuania get official right to conduct business-activities throughout entire EEA without necessity to get supplementary permissions in other countries. It’s also possible to get a limited permit, with…
The jurisdiction that we will review today is included in the list of states that already identify Bitcoin and additional digital currencies. However, in 2018, the state strengthened its position regarding virtual money and firms interested in it. Slovak banks have begun liquidating the accounts of firms associated with crypto at the initiative of the…
If you looking for the perfect place to starting an interaction, founders of corporations analyze various markets. Mostly corps-owners look at the Caribbean`s or European countrysides. But experienced businessmen know that there are also good countries in Oceania where obtaining licenses is fairly quick. One such option is the miniature but economically robust island-nation of…
The Dominica`s is an almost flawless place to extend an offshore`s bank. This country provides maximum clients and this allures considerable co-owners. This is one of the few countries where the strictness of the law works in favor of customers. That is why numerous seek to get an offshore bank license in Dominica. The acquiring…
Money favors in Lithuania are quite developed and available for local residents, as well as for foreign tourists and business travelers. The state has a well-developed structure and technologies that allow providing fast and convenient payment services. Country has a stable economy and favorable conditions for biz. The jurisdiction has a fairly low level of…
If you are researching a place you would like starting an interaction, one of the best options would be Dubai. It is a true paradise for businessmen in different industries. The region is one of the top 10 best financial centers in the world. Therefore, to get PSP license in UAE is considered to be…
Despite the wide choice of EU member states to acquire a permission, there are jurisdictions that offer a faster and more efficient request procedure, one of which is state. An additional advantage for currency brokers of working with a permitted brokerage firm is relatively lower costs compared to other states. We will tell you everything…
Storage of money can and should be implemented in the countryside with a positive acquisition climate. One such place on our planet is Singapore. After the creation of a great economic miracle, the government in the region is trying to do everything to continue the flow of investment into the country. In particular, it created…
European markets have a related economizing and identical lawmaking for all EU member states. In most cases, this means that a company that has licenses for activities in one of the countries of this formation can operate without restrictions in the market of other states. This approach makes it possible to issue a crowdfunding CNB…
When co-owners are looking for a country to open a business, they pay attention to the stability of the politics system and economics performance of the region. The most stable countries are considered to be EU-member states. This small Baltic country offers great prospects for the development of business structures. That is why obtaining investment…