Licensed Money Services Operator in Hong Kong

License Features
This business holds a Hong Kong MSO License, enabling operations in:
• Remittance services
• Money changing services
License Details:
Date of Establishment: 2021
License Validity Period: October 2023 – October 2025
Business Model
The company operates a fully licensed money service business with established systems, a prime location, and an active customer base:
Management and Ownership:
• Directors: Two Hong Kong citizens.
• Shareholders: Two Hong Kong citizens holding equal shares.
Operations:
• Employees: Two current staff members with a combined monthly salary of HK$50,000.
• Store Location: Sheung Wan, a strategic area for financial services.
• Store Area: Approximately 200 square feet.
• Current Rent: HK$46,000/month. The tenancy has been completed and is flexible for immediate return or relocation.
Financial Activity:
• Turnover:
Cash Transactions: HK$12 million per quarter.
Remittance Transactions: HK$10 million per quarter.
• Bank Account: Active account with Public Bank.
Compliance and Technology Systems
Due Diligence System: Fully operational.
Transaction Recording System: Fully operational.
Next Customs Report Submission Date: February 2025 (last submitted in November 2024).
Financial and Compliance Highlights
Disciplinary History: Clean, with two resolved complaints and no ongoing issues.
Debt Record: None – the company is free of liabilities.
Corporate Customers: None currently.
Individual Customers: Several hundred active clients.
Additional Highlights
Scalability: The company is positioned for growth with an active customer base and significant cash flow.
Prime Location: Situated in Sheung Wan, a high-demand financial district.