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Hong Kong Type 9 Asset Management License in Hong Kong - Obtain Hong Kong Type 9 Asset Management License from Hong Kong.

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Introduction for Hong Kong providing Hong Kong Type 9 Asset Management License

The Securities and Futures Commission (SFC) is the gatekeeper of requirements for individuals and corporations wishing to join Hong Kong’s securities and futures markets, regulated by the SFO (Securities & Futures Ordinance). The Type 9 license includes the provision of a service to manage a portfolio of securities or futures contracts for another person, offering a regulated operation and providing a detailed definition for every one of them.

The region that is today Hong Kong was settled by the Han Chinese tradition in the seventh century. In 1513 the Portuguese pilgrim Jorge Alvares showed up in Hong Kong. Exchanging among Portugal and China began before long. Notwithstanding, there were likewise fights between the Chinese and Portuguese, and soon the exchanging halted. A long time later, in 1699, the East India Company from Britain showed up and trade fired up with Britain. Toward the finish of the primary Opium battle in 1842, Britain dealt with Hong Kong. The city turned into a significant port for trade with southern China. At the point when the socialists took over China, numerous individuals fled to Hong Kong to keep their opportunities. After over 150 years of British guidelines, China again assumed responsibility for Hong Kong in July of 1997. Albeit now a piece of China, Hong Kong keeps up its equivalent inside political, monetary, and overall sets of laws that it had previously. 

 

Hong Kong is situated on the south shore of China, 60 km (37 mi) east of Macau on the contrary side of the Pearl River Delta, north of Shengzhen. It sheets Guangdong city of Shenzhen toward the north over the Shenzhen River, Wanshan Islands of Zhuhai in Guangdong Province toward the south. It comprises Hong Kong Island, Kowloon Peninsula, the New Territories, and other 262 little islands. 

 

Initially, Hong Kong was a little fishing town. Today, it is one of the world’s most cosmopolitan urban communities where the East genuinely meets the West. On 1 July 1997, Hong Kong turned into a Special Administrative Region of China in a game plan that would keep going for a very long time. Working under the ‘one nation, two frameworks strategy’, Hong Kong keeps up its own political, social, and financial frameworks. English remaining parts an official language and Hong Kong’s outskirt with China actually exists. Presently rejoined with the terrain, outwardly shocking Hong Kong offers a twist speed ‘shop till you drop’ way of life joined with areas of the convention. 

 

Hong Kong is an exceptionally prosperous worldwide city now, and one of the third biggest monetary focuses on the planet. Hong Kong is Asia’s driving monetary, administrations, and delivery focus. It is renowned for a clean government, great peace, a free economy, and a sound overall set of laws. It is known as the “Pearl of the Orient”, “Gourmet Paradise” and “Shopping Paradise”.Archaeological discoveries date the principal human settlements in this spot back to over 30,000 years prior. It was initially fused into China during the Qin Dynasty and generally stayed under Chinese standard until 1841 during the Qing Dynasty, with a short interference toward the finish of the Qin Dynasty, when a Qin official set up the realm of Nam Yuet, which later fell into the Han Dynasty. 

 

In January 1841, because of the destruction of the Qing Dynasty of China in the First Opium War, the Chinese government was power into surrendering Hong Kong Island in unendingness to the British Crown under the Convention of Chuanpee, which was the start of the British organization of Hong Kong. Since 1842-1898, Hong Kong Island, Kowloon, and New Territories have been surrendered out in progression in two opium wars and the Sino-Japanese War. At the point when harmony terms were drawn up in 1841, the Emperor of China concurred that Hong Kong Island should be surrendered to Britain and five different ports authorized for unfamiliar trade. The British controlled Hong Kong from that point on, aside from a four-year time span during World War II when the domain was involved by the Japanese. During the 1950s to 1990s, the city-state grew quickly, turning into the first of the “Four Asian Tigers” through the improvement of a solid assembling base and later a monetary area. 

 

Prior to the exchange of sway to China in 1997, Hong Kong had been a British province for almost 150 years. Thus, most foundations acquire the plan and guidelines of Britain. On 1 July 1997, under the rule “One Country, Two Systems”, the exchange of power of Hong Kong from the United Kingdom to the People’s Republic of China occurred, authoritatively denoting the finish of Hong Kong’s 156 years under British pioneer administration. 

 

Furthermore, presently, Hong Kong is well known for its change port, moving a critical volume of fares from China to the remainder of the world, and it is additionally a significant city for monetary trade, the travel industry, design, and diversion. Hong Kong is a famous traveler objective just as being one of the world’s significant business habitats. It has more than 260 remote islands yet a couple is occupied. This implies that Hong Kong offers an extraordinary scope of differences, with various islands that give a serene option in contrast to its frantic energy somewhere else. Hong Kong Island is a mixed blend of current high rises, provincial structures, and conventional temples. Hong Kong has a subtropical atmosphere with high temperatures. The yearly normal temperature is 22.8℃. Summers are blistering and damp with a temperature between about 26℃~30℃; winter is cool and dry, however the temperature once in a while dips under 5℃. From May to September, is a blustery season, and from July to September, there is a hurricane frequently. In Hong Kong, there are skyscrapers concentrated and thick metropolitan regions with thickly populated, heat island impact happens, which prompts critical temperature contrasts the city and rural areas. The travel industry assets in Hong Kong are very plentiful. It can meet the vast majority’s desire for the outing, including conventional legacy areas all through Hong Kong, (for example, Stilt houses in Tai OPo Lin MonasteryTien Tan Buddha Statu, Fu Shin Street Traditional Bazaar, Che Kung Temple, Man Mo Temple, Temple of Ten Thousand Buddhas), a wide range of chapels, (for example, St John’s Cathedral, St Andrew’s Church, Kowloon Union Church), exhibition halls, (for example, Hong Kong Museum of History, Hong Kong Museum of Art, Hong Kong Museum of Art, Hong Kong Heritage Museum, Hong Kong Heritage Discovery Center), common destinations, amusement parks, beautiful designs, and so forth.

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Licensing Services and details for Hong Kong Type 9 Asset Management License Hong Kong

Incorporation & obtaining license: 4 months

Minimum paid up capital: N/A (If a company has a license condition that it does not hold client assets); in other situations, HK$5,000,000)

Minimum liquid capital requirement HK$ 100,000.00; in other cases HK$ 3,000,000.00

 

Overview

Hong Kong is one of the world’s busiest cities, along with London, New York and Tokyo is acknowledged to be one of the most respected financial locations in the world.The geographical location of Hong Kong as a gateway between the East and the West has made it an attractive foreign trade center.

Hong Kong is not generally considered to be an offshore country as it is recognized to be a global financial hub, but it is one of the few countries in the world that tax on a territorial basis.

Under the Type 9 Securities and Futures Ordinance (SFO), ‘asset management’ means the provision, on a discretionary basis, of a service to manage a portfolio of securities or futures contracts for clients.Discretionary investment managers, whether operating a hedge fund, account or similar fund, may be protected by this type of regulated activity.

It should be noted that the Type 9 license not only covers portfolio management operations, but also provides for incidental marketing, as well as incidental research and securities analysis, of the funds controlled by the licensed corporation. Consequently, such incidental activity makes it possible for a Type 9 licensed company to conduct activities (on a limited basis) without the need to obtain Type 1 (Dealing in securities) and Type 4 (Advising on securities) licenses, respectively.

Registered representatives accredited to the licensed corporation are expected to be persons who conduct regulated functions on behalf of a licensed corporation (LRs). An applicant company will have to appoint at least two such individuals as responsible officers for obtaining a license.ROs are LRs who actively participate in the supervised operation to be taken out by the application corporation, or supervise it directly. The executive director of the corporate entity that actively participates in or is specifically responsible for monitoring the conduct of the Type 9 regulated activity for which they are licensed must be at least one RO.Each chief executive who is an individual must be approved as a RO by the SFC.

At least one RO resident in Hong Kong must be available at all times to supervise the company in all situations.For more than one supervised operation, the same person can be assigned as a responsible officer whether he or she is fit and fit to be appointed and there is no conflict between the roles assumed.. An executive director needs to be at least one of the proposed responsible officers.

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Need to Know – Features and Licensing Criteria for Hong Kong`s Hong Kong Type 9 Asset Management License

  • Information and requirements to apply for Hong Kong Type 9 Asset Management License of Hong Kong

    Company structure

    • Only 1shareholder (can also be a legal person, no nationality restriction)
    • Only 1 director (only natural person, no nationality or residency restrictions)
    • At least 2 Responsible Officers (ROs) (in all cases at least one RO resident in Hong Kong must available at all times to supervise the business)

    Confidentiality

    • Shareholders’ details – are part of the public record, if you want to avoid it then kindly request a nominee service
    • Director’s details–are part of the public record, if you wish to prevent this, please request a nominee service.

    Taxation

    • Tax for Hong Kong on a territorial basis.Profit tax on income generated from Hong Kong is levied at a rate of 16.5%
    • Profits derived from outside Hong Kong are tax exempt. There is no withholding tax on interest or income and no tax on capital gains.A company that carries on business in Hong Kong but derives profits from another location is not allowed to pay tax on such profits in Hong Kong.
    • Dual Taxation Arrangements: Hong Kong has extensive dual tax agreements with Austria, Belgium, Brunei, Canada, the Czech Republic, France, Hungary, Indonesia, Ireland, Japan, Jersey, Kuwait, Liechtenstein, Luxembourg, Malaysia, Malta, Mexico, the Netherlands, New Zealand, Portugal, Switzerland, Spain, Thailand, United Kingdom, Vietnam, Qatar and Mainland China, respectively, with a view to tax relief on dual tax.

    Other benefits

    • Hong Kong imposes no limits on foreign investment and does not have foreign exchange controls.
    • Conducive regulatory environment with formidable anti-money-laundering legislation
    • Ease of business establishment and licensing 
    • Favourable tax regime
    • Companies can, by unanimous consent of the shareholder, terminate the keeping of AGMs.
    • Company meetings need not be held in Hong Kong
    • The Annual General Meeting (AGM) shall be held once every calendar year and not more than 15 months after the last preceding AGM.However, the company does not have to hold its first AGM for 18 months after its incorporation.

    Accounting requirements – The Hong Kong company should maintain accounting documents and can, at the discretion of the directors, be kept at the registered office address or elsewhere..

    Audit requirements – Each firm must appoint an auditor who is a member of the Hong Kong Society of Accountants and holds a certificate of practice.While there is no requirement for the registrar to file accounts, there is a requirement for the tax authorities to file accounts.

    The annual return must be filed with the Register of Companies within 42 days of the date of the anniversary of incorporation and every year thereafter.Depending on service vendors, professional fees can vary.

    Secretary – needed (can also be a legal person, resident in Hong Kong)

    Registered office – needed

    Company name

    • Language: Any
    • Letters: From Roman alphabet or in Chinese
    • Company name must end with such suffix or it’s abbreviation: Limited
    • Restricted Names: Any name would constitute a criminal offence or may be offensive or otherwise contrary to the public interest. Any name will possibly offer the impression that the corporation is in any way linked to the Government of the Central People or to the Government of HKSAR, or to any department of either government, such as the Department, Government, Commission, Bureau, Federation, Council, Authority.
    • Names Requiring Consent or a License: Asset management, Assurance, Authority, Bank, Bureau Federation, Chamber of Commerce, Chartered, Building Society, Commission, Co-operative, Council, Department, Fund Management, Government, Insurance, Investment Fund, Kaifong, Mass Transit, Municipal, Re-Insurance, Royal, Savings, Tourist Association, Trust, Trustee, Underground Railway

    N.B.

    • Any name that implies illegal activity or implies royal or government patronage is restricted.
    • Restricted connections for company name: name of state, national or state government.
    • Any name which it considers unacceptable or contrary to the public interest may be rejected by the registrar.
    • Company name is restricted to be identical or similar to that of an existing company.
    • In case when foreign language is used for company name the translation may be asked by the Registrar to ensure conformity to above listed restrictions.
  • Procedure to acquire Hong Kong Type 9 Asset Management License of Hong Kong

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

    • Gathering of relevant KYC documents for initial verification
    • Incorporation of a HK company
    • Preparation of relevant documents (business plans, manuals and procedures, etc.)
    • Arranging a local office, local employees
    • Application for appointing 2 Responsible Officers
    • Application for the license
    • The SFC grants pre-approval
    • The paid-up capital shall be deposited in full within stated amount of time from the pre-approval (if not already done earlier)
  • Documents required to get Hong Kong Type 9 Asset Management License of Hong Kong

    Offshore License can fill out all the necessary application forms and also obtain apostille corporate documents in order to obtain a license. 

    For that reason, please provide us with the following documents.

    For local regulatory authority:

    (Each beneficial owner, shareholder, director, Responsible Officer and secretary must provide)

    • Bank Statement Letter
    • A notarized copy of valid passport
    • A copy of proof of residential address (ex. utility bill that is not older than 3 months) in English or translated into English
    • Bank Reference Letter
    • Notarized 2nd ID
    • A notarized copy of a University Diploma
    • Signed and notarized application forms
    • Two Professional letters from a notary, lawyer, auditor or similar
    • CV

    N.B.

    • If the documents are not in the English language or the language of a country, they must be followed by a translation by a notary.
    • If not, please make sure that the notarization is in English, please provide notarized English translation.
    • The regulatory authority or local bank can request additional documentation at any point to certify particular information.
  • Disclaimer for Licensing in Hong Kong Type 9 Asset Management License Hong Kong

    Note* Our Company is totally against Money Laundering, Drug Trade in Hong Kong Type 9 Asset Management License Hong Kong, Terrorism and Human Trafficking in Hong Kong Hong Kong Type 9 Asset Management License, hence, WE DO NOT SUPPORT SUCH CLIENTS.

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    Important Notice : Million Makers has taken reasonable care in researching and providing information for Hong Kong Type 9 Asset Management 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 Hong Kong Type 9 Asset Management License. Users of the site are advised to take appropriate professional advice before committing themselves to involvement with licensing services Hong Kong Type 9 Asset Management License Hong Kong.

Other Jurisdictions for Licensing

Apart from Hong Kong Type 9 Asset Management 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 Hong Kong Type 9 Asset Management License

When you apply for Hong Kong Type 9 Asset Management 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 Hong Kong Type 9 Asset Management License for Hong Kong

Other Featured Services for Hong Kong Hong Kong Type 9 Asset Management License

When you apply for Hong Kong Type 9 Asset Management 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 Hong Kong Type 9 Asset Management License.

Post jobs

Start New business

Apart from Hong Kong Type 9 Asset Management 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

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Professional Guidance for Hong Kong Type 9 Asset Management License in Hong Kong

Request free consultation for Hong Kong Type 9 Asset Management License obtaining services in Hong Kong.


FAQs – Hong Kong Type 9 Asset Management License in Hong Kong

Issuing authority for Hong Kong, Hong Kong Type 9 Asset Management License : Financial Services Authority of Hong Kong
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Based On 2019 reviews