Eternity Law International — News — PSP license in Hong Kong

PSP license in Hong Kong

Published:
May 21, 2023

When looking for a place to register their company, founders most often pay attention to the major world`s financial center. Usually, there are a lot of large companies and, therefore, potential clients in such regions. Many of them are very competitive, but if you can get a foothold in such a region, you will make a lot of profit. One of these regions is Hong Kong. That is why many companies seek to obtain a PSP license in Hong Kong.

This Chinese province offers great opportunities for any business. The world’s leading companies operate in this province and all of them need to conduct their operations. To get PSP license in Hong Kong, you need to try hard. This does not mean that it is impossible to get permission in the region, but you have to make efforts. But once it has been issued, you will see how quickly your company’s turnover begins to grow.

Blessings of getting a license

If you have decided to buy a PSP license in Hong Kong, you need to remember that this region has many advantages for the development of your interchange. Companies involved in servicing e-payment`s dealings can get the following advantages from working in the region:

  • Hong Kong’s convenient geographic positions. This province is located in eastern`s Chinees and if you try to register a payment service provider in Hong Kong you can get a permit to the largest Asian`s market`s. For example, you can work with Japanese, South Korean, or Singaporean corporations. Such broad access to markets is not available in all regions. And given the population density of these countries and the number of corporations in dissimilar industries, you can get a good springboard for corporation blossoming;
  • Availability of extended enrollment. In this country is profitable to buy a company with PSP license in Hong Kong. There is an excellent banking network where financial institutions cooperate with various payment-systems and negotiators. Due to this, the speed of transaction processing is much higher than in similar corps in other countries;
  • Highly extended economizing. High indicators of paying capacity of the Hong Kong population show that it is advantageous to open a business in this region. Working here, you will get a lot of solvent clients who can potentially use your services. It is possible to work both with individuals and legal entities.

By examining these advantages, founders of corporations can be convinced that they have made the right decision to obtain a license in this Chinese province.

Businesses for sale in Hong Kong

HONG KONG COMPANY WITH MONEY SERVICE OPERATOR LICENSE

Offshore, Hong Kong
HONG KONG COMPANY WITH MONEY SERVICE OPERATOR LICENSE Hong Kong company with Money Service Operator License issued by HKCED. Year of registration 2017. License allows money remittance and money exchange and online account opening: SWIFT BIC code is active and published in SWIFT directory; Corresponding bank accounts opened in Europe (not European Union though) in…

Hong Kong trading company with bank account for sale

Asia, China
Aged well-reputable Hong Kong company with bank account in OCBC bank. Great vehicle to promptly launch your business connected to Asian market. Activity codes: • General Trading • Trading of electronics • Trading of equipment ✅ Fast-track purchase ✅ Trusted nominee service ✅ Full local support ✅ No personal visit needed Asking price: 19,000 EUR…

Company in Hong Kong with 2 bank accounts for sale

Offshore, Hong Kong
We offer a company in Hong Kong with bank accounts Company details in Hong Kong: registered in 2020; the company conducted activities; the company has 2 bank accounts; price includes a change of ownership. Asking price for ready-made company in HK: on a request. Details: nick.b@eternitylaw.com, Telegram @beihuln Please feel free to join our telegram channel  in…

Prerequisites for the docs

If you have decided to buy payment service provider license in Hong Kong, you need to apply and contain the essential package of docs. It is submitted to the Office of Money Circulation. This state body is the local regulator. Its area of responsibility is economic institutions and all money-service-operators. Only those who meet the requirements for payment service providers put forward by this authority will be able to operate in the local market.

To acquire permission the following requirements must be:

  • an existing company (the registration procedure must be completed for new companies and the company must not be in bankruptcy);
  • the company must have at least $20,000 in bank accounts;
  • have their own or rented office in Hong Kong;
  • assemble competent personnel for administration positions by departments, including accountants and compliance.

Representatives of the regulator will conduct a review of the applicants’ financial strength, examine their operating credentials and see how they handle potential risks. If corporation representatives convince the controller that they can handle all the challenges and that their performance meets the requirements, the regulator will issue the organization a license. It is also possible to return documents for revision or refuse to issue a license. But in the latter case, the regulator provides a written justification for its decision.

Who can help with processing

Company founders can instruct their employees to collect documents for processing a payment agent license in Hong Kong on their own. But not all of them regularly communicate with government regulators and understand the specifics of coordination with them.

For these purposes, the right solution is to contact our company. Each of our lawyers has repeatedly submitted such applications. We know all of the regulator’s necessities, including the latest changes, and are ready to help you get the necessary approval as quickly as possible. All you need to do is contact us and at the first consultation we will review your current documents and tell you if you can qualify for a license.

In addition, we will help you prepare the correct package of docs, and you will only have to wait for the regulator to tell you that you can start working.

You could be interested

Company formation in Austria

Finance, commerce, and IT are three of the most sought-after investment industries in Austria, which draws international investors from all corners of the world. The law also supports new businesses, and with the assistance of our Austrian company formation experts, international investors may take benefit from a straightforward and adaptable business enrollment process. Typology of...

GDPR

EU market is developed every day, as a result it increases a cross-border personal data flows including the usage of the Internet. The above mentioned causes the large problems with the protection of personal data. Thus, the main aim of GDPR is to protect personal data and personal data subjects. General Data Protection Regulation come...

Investment fund: how it works

Funds are fairly considered one of the most frequently applied products for getting gains. To receive the most out of them, it makes sense to figure out what they represent and what classes are best for different types of investors. What is an investment fund (IF)? A fund organized for investing purposes is a structure...

Legal issues surrounding cryptocurrency

Although crypto may still be in a bear market, this doesn’t mean people have stopped talking about it. According to BitInfoCharts, tweets mentioning Bitcoin are higher than they’ve been at any point in the cryptocurrency’s 13-year history. As a strong base of public interest in crypto remains, despite a bearish trend, and new crypto uses...

Investment funds

Investment funds (hedge). How to open Investment funds – companies engaged in collective investment. Their essence is the accumulation and saving of funds of private and legal entities for further investment through the purchase of securities and shares. For what purposes funds are created? Opening investment funds will help to solve a number of issues...

Getting a Forex license in 2021

To enter the Forex market, a specialist necessarily needs a Forex broker license. It is impossible to work legally without this document. Our article is devoted to an overview of the demanded jurisdictions and the rules applied there. Our main question can be formulated as follows: where is it more profitable to get a Forex...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360