Question 1

How long does an insurance broker licence application take?

Accepted Answer

IA insurance broker licence applications generally take 3–6 months, depending on the applicant's qualifications and business structure completeness.

Question 2

Does a money lender licence require annual renewal?

Accepted Answer

Yes, money lender licences must be renewed annually through the court with financial information and compliance declarations. We provide annual renewal services.

Question 3

What is the difference between US MSB registration and MTL?

Accepted Answer

MSB federal registration is a national registration with FinCEN, free and simple, but does not authorise actual business in each state. MTL is a state-level operating licence required to legally serve US clients.

Question 4

How long does a Canadian MSB application take?

Accepted Answer

Canadian FINTRAC MSB registration generally takes 4–8 weeks, with low fees and a straightforward process, making it the preferred route for entering the Canadian market.

Question 5

How long does an SFC licence application take?

Accepted Answer

SFC licence applications generally take 6–12 months depending on licence type and complexity. Complete documentation and qualified responsible officers can shorten approval time.

Question 6

What are the qualifications for a Responsible Officer?

Accepted Answer

Responsible officers must pass relevant qualification exams, have relevant work experience, and pass SFC's "fit and proper" assessment including integrity and financial soundness.

Question 7

How much capital is required for an SFC licence?

Accepted Answer

Minimum liquid capital requirements vary by licence type; Type 1 licences generally require HK$3,000,000. We provide detailed capital requirement information during initial assessment.

Licensing Application Services

SFC Licence

Other HK Licences

Overseas Licensing

Submit an Enquiry