Licenses are granted by the Securities and Futures Commission (“SFC”) under the provisions of the Securities and Futures Ordinance [Cap. 571].
Below please find features of the particular license category in more details:
Feature/Category | Leveraged Foreign Exchange Trading License (Type 3) |
Type of company required to be eligible | Hong Kong LLC Company |
Corporate taxation | 8.25% or 16.5% depending on the amount of profits |
Minimum paid-up statutory capital | If the entity is an approved introduced agent, trader, or a futures non-clearing dealer- 5,000,000 HKD Any other case- 30,000,000 HKD |
Main requirements | Minimum 2 directors (1 local), Compliance & AML Officers, qualified personnel, capital adequacy calculation, bookkeeping/audit, audited financial statements with local auditor, personal presence |
Timeframe | A complete license application is normally decided upon SFC approval within 6 months from the date of filing |
Government fees | 129,730 HKD |
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
1) Opening of operational and clients bank accounts (worldwide)
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy Calculation, Quarterly & Annual Reporting
4) Provide outsourced Compliance & AML Support services
5) Provide outsourced Risk Management services
6) Assistance with finding local premises
7) Assistance with Trademark & Brand Name registration
8) Provide in-house trainings/seminars
9) Provide Legal Opinions
10) Provide DPO & GDPR Advisory services
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