In Hong Kong, a mediator requires a valid license to carry out financial services regulated exercises. The regulated exercises involve securities dealing; leveraged foreign exchange dealing; futures dealing; counseling on corporate finance, insurance and futures; securities margin investment; providing automated trading services; and property management.
Timeframe: within 6 months
Minimum paid-up capital:
496,000 Pound ( > EUR 500 000) – if accepted as an introducing agent*
29,75000 Pound ( > EUR 3 million) – in any other case
Minimum liquid capital requirement:
297,500 Pound ( > EUR 300 000) – if approved as an introducing agent
14,87000 Pound ( > EUR 1,5 million) – in any other case
*Introducing agent (broker) – presents customers to fulfilling brokers with which the client’s open records for trading in securities, futures and/or leveraged foreign exchange agreements.
A candidate for a Type 3 license is needed to present the relevant application to the Commission.
Advantages of Hong Kong licensed corporation:
- Security and reliability
- English is an official language
- No Corporate Income Tax on foreign income;
- No withholding tax on interest, profits, and royalty
- No obligation to have a local office
- No obligation to maintain Hong Kong residents in the structure
Hong Kong commands no limitations on foreign investments and has no foreign exchange restrictions