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type 3 leveraged foreign exchange trading license in Hong Kong - Obtain type 3 leveraged foreign exchange trading license from Hong Kong.

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Introduction for Hong Kong providing type 3 leveraged foreign exchange trading license

Ten different types of regulated activities are specified by the Securities & Futures Ordinance.Leveraged Foreign Exchange Trading Form 3 License enables a Licensed Company to purchase or sell foreign exchange on a margin basis for clients.

The previous British state turned into a unique regulatory locale of China in 1997, when Britain’s 99-year rent of the New Territories, north of Hong Kong island, terminated. 

 

Hong Kong is administered under the standard of “one nation, two frameworks”, under which China has consented to give the district a serious level of independence and to protect its financial and social frameworks for a long time from the date of the handover. 

 

However, Beijing can reject changes to the political framework, and favorable to vote based system powers have been disappointed by what they see as the moderate speed of political change. For over 150 years, Hong Kong was a state of the British Crown. In 1997 the British restored the city. From that point forward, it has been a Special Administrative Region (SAR) of China, a kind of common authoritative unit. 

 

Hong Kong is situated on the Pearl River Delta south of the Chinese area of Guangdong and the Chinese city of Shenzhen, encompassed by the South China Sea. 

 

Hong Kong’s significant territories are the Kowloon Peninsula, which is associated with the terrain, the remote precipitous Lantau Island, the more modest Lamma island, thickly populated Hong Kong Island, in addition to in excess of 200 more modest islands. The domain is a significant port city with a remarkable deepwater harbor. 

 

Hong Kong covers a territory of 1,106 km² (427 sq mi), looked it is 1.5 occasions the size of Singapore or multiple times the size of Washington, DC. Hong Kong has a population of more than 7.5 million individuals (in 2019). Official dialects are Chinese (Cantonese) and English. The city is viewed as a cosmopolitan community where ‘East meets West’ (like Chinese food and Disney Land), it has gotten one of the world’s major monetary and assembling focuses. 

 

In 2014 and again in 2019, common agitation ejected in the roads of the city. The 2019 fights have begun as serene showings against an arranged removal charge that would have exposed Hong Kong considerably closer to the impact of territory China. The shows for majority rule changes with up to 1,000,000 individuals have neglected to pressurize the public authority, and the fights turned out to be more forceful and the public authority’s responses more savage. – For months now, the world is taken care of with tremendous pictures of prophetically catastrophic scenes in an apparently incapacitated cutting edge city. Hong Kong is arranged toward the south of the Chinese region of Guangdong (some time ago known as Canton). The previous British Dependent Territory of Hong Kong incorporates Victoria (generally known as Hong Kong Island), the Kowloon Peninsula, which frames along with Lantau Island, the “New Territories,” and 235 peripheral islands. 

 

Involved by the UK in 1841, Hong Kong was officially surrendered by China the next year; different neighboring terrains were added later in the nineteenth century. 

 

Under an understanding endorsed by China and the UK on 19 December 1984, Hong Kong turned into the Hong Kong Special Administrative Region (SAR) of China on 1 July 1997. 

 

In this arrangement, China has guaranteed that, under its “one nation, two frameworks” recipe, the Chinese communist financial framework won’t be forced on Hong Kong. Hong Kong will appreciate a serious level of self-rule in all issues, aside from unfamiliar and guard undertakings, for the following 50 years (at any rate until 2047). Since 1997, Hong Kong is an independent Special Administrative Region (SAR) of China with the status that gives protected certifications to executing the arrangement of “one nation, two frameworks” for at any rate 50 years. Its administration framework is a sort of restricted popular government. Head of State is the President of P.R. China, the region’s Chief Executive is the top of the Hong Kong Special Administrative Region and the top of the public authority. He/she is chosen by an agent political decision board of trustees (containing about 0.16 % of the Hong Kong population) and is selected by the Central People’s Government (China’s State Council). Hong Kong has an unrestricted economy, profoundly subject to worldwide trade and account – the estimation of merchandise and ventures trade, including the sizable portion of reexports, is around multiple times GDP. Hong Kong has no taxes on imported merchandise, and it demands extract obligations on just four products, regardless of whether imported or delivered locally: liquor, tobacco, oil, and methyl liquor. There are no quantities or unloading laws. Hong Kong keeps on connecting its money near the US dollar, keeping a plan set up in 1983. 

 

Overabundance liquidity, low financing costs, and a tight lodging supply have caused Hong Kong property costs to rise quickly. The lower and center income fragments of the population progressively discover lodging excessively expensive. 

 

Hong Kong’s open economy has left it presented to the worldwide financial circumstance. Its proceeded dependence on unfamiliar trade and speculation makes it defenseless against reestablished worldwide monetary market instability or a stoppage in the worldwide economy. 

 

Terrain China has for some time been Hong Kong’s biggest exchanging accomplice, representing about a portion of Hong Kong’s complete trade by esteem. Hong Kong’s common assets are restricted, and food and crude materials should be imported. Because of China’s facilitating of movement limitations, the number of terrain vacationers to the region flooded from 4.5 million every 2001 to 47.3 million out of 2014, dwarfing guests from any remaining nations consolidated. Subsequent to topping in 2014, by and large, vacationer appearances dropped 2.5% in 2015 and 4.5% in 2016. The travel industry area bounced back in 2017, with guest appearances rising 3.2% to 58.47 million. Voyagers from Mainland China added up to 44.45 million, representing 76% of the aggregate. 

 

The Hong Kong Government is advancing the Special Administrative Region (SAR) as the favored business center point for renminbi (RMB) internationalization. Hong Kong occupants are permitted to set up RMB-named bank accounts, RMB-named corporate and Chinese government securities have been given in Hong Kong, RMB trade settlement is permitted, and speculation plans, for example, the Renminbi Qualified Foreign Institutional Investor (RQFII) Program was first dispatched in Hong Kong. Seaward RMB exercises encountered a misfortune, be that as it may, after the People’s Bank of China changed the manner in which it set the focal equality rate in August 2015. RMB stores in Hong Kong tumbled from 1.0 trillion RMB toward the finish of 2014 to 559 billion RMB toward the finish of 2017, while RMB trade settlement took care of by banks in Hong Kong likewise shrank from 6.8 trillion RMB in 2015 to 3.9 trillion RMB in 2017. 

 

Hong Kong has additionally settled itself as the head securities exchange for Chinese firms trying to list abroad. In 2015, territory Chinese organizations established about half of the organizations recorded on the Hong Kong Stock Exchange and represented about 66% of the trade’s market capitalization. 

 

During the previous decade, as Hong Kong’s assembling industry moved to the territory, its administration industry has developed quickly. In 2014, Hong Kong and China consented to another arrangement on accomplishing essential progression of trade-in administrations in Guangdong Province under the Closer Economic Partnership Agreement (CEPA), received in 2003 to produce nearer ties between Hong Kong and the territory. The new measures, which produced results in March 2015, cover a negative rundown and a most-supported treatment arrangement. Based on the Guangdong Agreement, the Agreement on Trade in Services endorsed in November 2015 further upgraded advancement, including broadening the usage of most of Guangdong pilot progression measures to the entire Mainland, decreasing the prohibitive measures in the negative rundown, and adding measures in the positive records for cross-outskirt benefits just as social and broadcast communications administrations. In June 2017, the Investment Agreement and the Agreement on Economic and Technical Cooperation (Ecotech Agreement) were endorsed under the structure of CEPA. 

 

Hong Kong’s financial combination with the terrain keeps on being generally apparent in the banking and account area. Activities like the Hong Kong-Shanghai Stock Connect, the Hong Kong-Shenzhen Stock Connect the Mutual Recognition of Funds, and the Bond Connect plot are exceedingly significant strides towards opening up the Mainland’s capital business sectors and have strengthened Hong Kong’s job as China’s driving seaward RMB market. Extra associate plans, for example, ETF Connect (for trade traded reserve items) are additionally under investigation by Hong Kong specialists. In 2017, Chief Executive Carrie LAM declared designs to build government spending on innovative work, schooling, and mechanical development with the point of prodding proceeded with financial development through more prominent area broadening.

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Licensing Services and details for type 3 leveraged foreign exchange trading license Hong Kong

Timeframe: within 6 months

Minimum paid up capital:

HKD 5 million ( > EUR 500 000) – if approved as an introducing agent*

HKD 30 million ( > EUR 3 million) – in any other case

Minimum liquid capital requirement: 

HKD 3 million ( > EUR 300 000) – if approved as an introducing agent

HKD 15 million ( > EUR 1,5 million) – in any other case

*Introducing agent (broker) – Introduces clients to execution brokers with which consumers open securities, futures and/or leveraged foreign exchange contract trading accounts.

An applicant for a Type 3 license is needed to submit the appropriate application to the Commission.

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Need to Know – Features and Licensing Criteria for Hong Kong`s type 3 leveraged foreign exchange trading license

  • Information and requirements to apply for type 3 leveraged foreign exchange trading license of Hong Kong

    Company structure

    • Minimum one director (can be only natural persons, advisable to have at least 1 resident in Hong Kong)
    • At least 2 (preferably 3) Responsible Officers (RO)*
    • Minimum one shareholder (can be natural or legal persons, no nationality or residency restrictions)

    *At least 1 RO should be an executive director. No requirement to be resident in Hong Kong Type 3 (Leveraged Foreign Exchange Trading) License.

    Taxation

    • Tax rate of 0% if profits are generated from activities outside Hong Kong
    • 16,5% tax rate if profits are generated from Hong Kong sources
    • Capital gains, dividends, and debt are not taxed.

    Accounting requirements 

    • Accounting documents can be kept at the administrator’s local offices or somewhere else at the choice of the directors

    Audit requirements

    • The Hong Kong audit should be carried out by an appointed auditor who must be a member of the Hong Kong Society of Accountants and hold a certificate of practice

    Local office – Not Required

    Company name

    • Language: English or Chinese (combination is not allowed)
    • Any name that is identical or similar to an existing corporation is limited
    • “Limited” must be used at the end of Company name (English) in order to denote limited liability, while in case of company name in Chinese, “有限公司” should be added at the end of such company name
    • Names that suggest that the company is in any way connected to the Government of Central People or any other department or agency would not usually be authorized

    The following names require prior approval: Savings, Building Society, Municipal, Chamber of Commerce, Cooperative,Trust, Trustee, Tourist Association, Kaifong, Mass Transit, Underground Railway

  • Procedure to acquire type 3 leveraged foreign exchange trading license of Hong Kong

    In order to obtain a license, the following steps should be carried out:

    • Assistance in registration for Responsible Officers (obtaining personal licenses)
    • Application for use of a company name that has been reserved
    • A company’s incorporation in Hong Kong Type 3 (Leveraged Foreign Exchange Trading) License
    • Opening a bank account in Hong Kong Type 3 (Leveraged Foreign Exchange Trading) License
    • Preparation/compiling of the application to Type 3 (Leveraged Foreign Exchange Trading) license
    • Submission of the licensing application to the SFC (including the application for approval of the proposed responsible officers)
  • Documents required to get type 3 leveraged foreign exchange trading license of Hong Kong

    In order to obtain a license, Offshore license will fill all required application forms and also acquire apostilled corporate documents. 

    As a reason, please give us the documents mentioned below.

    • Both directors and shareholders’ passports must be notarized.
    • Both directors and owners must have notarized proof of address.Utility bills and bank accounts documents that may be used.
    • 2 Lawyer’s / auditor/ notary reference letters for Hong Kong  Type 3 (Leveraged Foreign Exchange Trading) License
    • CV with all education qualifications and required work experience for directors and shareholders 
    • Educational qualification certificate for directors and shareholders
    • Bank reference letter

    If the shareholder is a multinational corporation, it is necessary to have:

    • Authorized Person’s Passport for the Corporation (to be certified true copy by Commissioner of Oath, Notary Public or Embassy)
    • Utility Bill as evidence of officially approved Person’s place of residence for the large corporation (to be certified true copy by Commissioner of Oath, Notary Public or Embassy)
    • Latest CV detailing Educational background and Work Experiences of an Authorized Person for the body Corporate
    • M&A clause requiring or authorising the formation of a Hong Kong company
    • Registries of Company listing down the name of Director, Shareholder, Auditor, Company Secretary (to be certified true copy by the Company Secretary)
    • Certificate of Incorporation (to be certified true copy by the Company Secretary)
    • 2 Reference letters for the Authorized Person that are to be given by a Professional such as a Lawyer, Accountants, Company Secretary or Bank of an Authorized Person for the body Corporate
    • The Company’s resolution to appoint a person allowed to act on behalf of the Company (to be certified true copy by the Company Secretary)
    • Company’s resolution to invest in the Hong Kong Company (to be certified true copy by the Company Secretary)
  • Disclaimer for Licensing in type 3 leveraged foreign exchange trading license Hong Kong

    Note* Our Company is totally against Money Laundering, Drug Trade in type 3 leveraged foreign exchange trading license Hong Kong, Terrorism and Human Trafficking in Hong Kong type 3 leveraged foreign exchange trading license, hence, WE DO NOT SUPPORT SUCH CLIENTS.

    We follow FATF rules very strictly for our type 3 leveraged foreign exchange trading license services for type 3 leveraged foreign exchange trading license Hong Kong.

    We do not support or provide our type 3 leveraged foreign exchange trading license service for Hong Kong to below mentioned category(s) of businesses:

    • Licensing services for type 3 leveraged foreign exchange trading license Hong Kong are not provided to Traders, distributors or manufacturers of arms, weapons, ammunitions, mercenary or contract soldiering who want to do get a type 3 leveraged foreign exchange trading license in Hong Kong.

    • type 3 leveraged foreign exchange trading license service for type 3 leveraged foreign exchange trading license of Hong Kong is not provided for Technical surveillance or bugging equipment or industrial espionage who want to apply for type 3 leveraged foreign exchange trading license in Hong Kong and use our type 3 leveraged foreign exchange trading license services in type 3 leveraged foreign exchange trading license Hong Kong.

    • type 3 leveraged foreign exchange trading license services for type 3 leveraged foreign exchange trading license Hong Kong are not provided for any illegal or criminal activities or individual(s) that are blacklisted under the law who want fill application for type 3 leveraged foreign exchange trading license in Hong Kong and use our license service to acquire type 3 leveraged foreign exchange trading license for Hong Kong.

    • type 3 leveraged foreign exchange trading license services for type 3 leveraged foreign exchange trading license of Hong Kong are not provided to Individuals or Companies dealing in Genetic material and want help with obtaining type 3 leveraged foreign exchange trading license in Hong Kong.

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    We also do not support or provide our Forex License service for Hong Kong to below mentioned category(s) of businesses:
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    We also do not support or provide our Securities Dealers License service for Hong Kong to below mentioned category(s) of businesses:
    • Licensing services for Securities Dealers License Hong Kong are not provided to Traders, distributors or manufacturers of arms, weapons, ammunitions, mercenary or contract soldiering who want to do get a Securities Dealers License in Hong Kong.

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    We also do not support or provide our Forex Brokerage License service for Hong Kong to below mentioned category(s) of businesses:
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    We also do not support or provide our Forex exchange License service for Hong Kong to below mentioned category(s) of businesses:
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    Important Notice : Million Makers has taken reasonable care in researching and providing information for type 3 leveraged foreign exchange trading license in Hong Kong, at the same time we do not accept any responsibility(s) for any financial or other loss or damage that may result from its information or services to acquire Hong Kong type 3 leveraged foreign exchange trading license. Users of the site are advised to take appropriate professional advice before committing themselves to involvement with licensing services type 3 leveraged foreign exchange trading license Hong Kong.

Other Jurisdictions for Licensing

Apart from type 3 leveraged foreign exchange trading license in Hong Kong, we also provide licensing for below mentioned categories and in various jurisdictions.

*Note : If you are looking forward for licensing services in a country, which is not listed on our website please Contact Us, we might be able to service and fulfil your requirements.

*Note : Our Company is totally against Money Laundering, Drug Trade, Terrorism and Human Trafficking, hence, WE DO NOT SUPPORT SUCH CLIENTS.

Our Featured Services for Hong Kong type 3 leveraged foreign exchange trading license

When you apply for type 3 leveraged foreign exchange trading license with us for Hong Kong, we also offer extensive support which starts with licensing in Hong Kong but extends to HR support in Hong Kong, bank account opening payment processing in Hong Kong just to name a few.

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Other Services offered by us

Along with type 3 leveraged foreign exchange trading license for Hong Kong

Other Featured Services for Hong Kong type 3 leveraged foreign exchange trading license

When you apply for type 3 leveraged foreign exchange trading license with us for Hong Kong, we also offer extensive support which starts with licensing in Hong Kong but extends to HR support in Hong Kong, bank account opening payment processing in Hong Kong just to name a few.

Years of experience with Licensing Services for Hong Kong and total business solution!

Company Registration

We have largest company registration services for Hong Kong and 108 Countries.

Bank Account Opening

Our licensing consultants also help with bank account opening in Hong Kong and 108 countries.

Payment Processing

Apart from licensing services for Hong Kong, guidance is provided for accepting payments online.

Virtual phone number

We provide VoIP phone number to clients in Hong Kong and all around the globe with enterprise level quality.

Virtual Address

Apart from Forex license we also provide virtual address to choose from 66 beautiful locations worldwide.

Business for sale

Need an existing business for sale in Hong Kong, our licensing agents can connect you with our specialists in Hong Kong.

Human Resources

Our Human Resources Consultants in Hong Kong provide specialized solutions, after your type 3 leveraged foreign exchange trading license.

Post jobs

Start New business

Apart from type 3 leveraged foreign exchange trading license we support our clients for Hong Kong with comprehensive assistance for starting new business in Hong Kong.

Accounts Outsourcing

Best accountants in Hong Kong are available 24 * 7 for any accounting support for Hong Kong. We provide accounts outsourcing services in 106 countries!

Ready-made company

Best in the class support for ready-made company in Hong Kong and 109 Countries.

Entrepreneur immigration to Hong Kong

Looking for entrepreneur immigration to Hong Kong, use our services for 107 countries contact us for free consultation.

Work visa for Hong Kong

Planning to place your key employees in Hong Kong and need support for work visa for Hong Kong for directors or employees.

Software and Web Development

Successfully helped our clients for software development and web development in Hong Kong and 109 countries with blockchain, IOT, web, ecommerce and apps at very affordable prices with best enterprise grade quality.

Best cryptocurrency and wallet software development.

Projects Accomplished till April 2021

6000+

“International Knowledge for your success!”

Professional Guidance for type 3 leveraged foreign exchange trading license in Hong Kong

Request free consultation for type 3 leveraged foreign exchange trading license obtaining services in Hong Kong.


FAQs – type 3 leveraged foreign exchange trading license in Hong Kong

Issuing authority for Hong Kong, type 3 leveraged foreign exchange trading license : Financial Services Authority of Hong Kong
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