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- Process license application forms and prepare required documents

- Write a business plan

- Recruiting qualified licensees on behalf of

- Recommendation for renting qualified office

- Provide office interior setup proposals

Money Lender's License Consultation

Any person carrying on business as a money lender in Hong Kong must obtain a money lender's license pursuant to the Money Lenders Ordinance (Chapter 163 of the Laws of Hong Kong) (the 'MLO'). It is an offence to operate as a money lender in Hong Kong without a license. Normally, the Money Lenders license has a validity period of 12 months. Licensee shall apply for renewal of license within 3 months prior the expiration to continue its operation of money lender service. As of March 2024, 2236 money lender licenses were granted in Hong Kong.

Money lender license application requirements

1. Applicants for a money lender license should be a fit and proper person to operate the money lending business, must have relevant knowledge of the money lending business, have a college degree in accounting or accounting, have more than 5 years of experience in financial approval, and have no criminal record or disciplinary action.

2. According to the latest "Guidelines on Compliance by Licensed Money Lenders with Anti-Money Laundering and Counter-Terrorist Financing Requirements", money lender licensees must establish an independent audit function and conduct internal audits at least once a year to review the company's anti-money laundering and counter-terrorist financing systems.

3. The independent audit function cannot simultaneously serve as the compliance officer, anti-money laundering reporting officer, money lending business and company operations of the participating company.

Please contact us for further details.