Notes

Everything You Wanted to Know About BEST SFC LICENSES and Were Afraid To Ask
Hong Kong enjoys a thriving economic system and organization-friendly tax regime, so it is no ponder that numerous entrepreneurs are captivated to starting up a business there.

If you are a single of them, and you are pondering about carrying out regulated actions in Hong Kong, you’ll have to apply to the Securities and Futures Commission (SFC) for an SFC licence to make positive you are compliant. Of program, you are going to need to have to register organization in Hong Kong. If you require guidance with that, we’re always content to assist. Normally, do study on.

Skip to:

What Is an SFC Licence?What Is Meant by a ‘Regulated Activity’?Do I Need an SFC Licence?Are There any Exemptions?How Considerably Cash Do I Need to have To Implement for an SFC Licence?How Do I Apply for an SFC Licence? andy pau What Are the Essential Files?How Extended Does It Take To Get an SFC Licence?
What Is an SFC Licence?
An SFC licence permits businesses or folks to have out controlled routines in Hong Kong. The licence is issued by the Securities and Futures Ordinance (SFO).

What Is Intended by a ‘Regulated Activity’?
If your company actively marketplaces specific services in Hong Kong as detailed below, it will be regarded to be working a enterprise in a controlled action. There are 10 kinds of actions that are controlled. Dependent on the character of your business, you or your firm may need to implement for one particular or much more SFC licences.

The kinds of SFC licence necessary are as:

Type one: Working in securities
Type 2: Working in futures contracts
Kind three: Leveraged overseas trade trading
Variety 4: Advising on securities
Variety five: Advising on futures contracts
Kind six: Advising on company finance
Kind 7: Providing automatic buying and selling providers
Sort 8: Securities margin financing
Sort nine: Asset administration
Type 10: Delivering credit score score companies
Do I Require an SFC Licence?
Any person carrying out regulated actions has to be certified or registered with the SFC, unless exempted. We will elaborate much more on this later on.

In standard, you will want an SFC licence unless of course:

you are an authorised economic institution
you actively market your presented providers (which constitutes a controlled activity if provided in Hong Kong) to the community, regardless of whether on behalf of an additional man or woman or by by yourself
you’re an personal carrying out a controlled function for your licenced corporation
Are There any Exemptions?
There are instances exactly where it’s not necessary for your organization to keep an SFC licence. This can count on no matter whether the SFO-ruled routines are fully incidental to the routines you are carrying out, and for which you already keep a licence . The key phrase right here is ‘incidental’: a quantity of aspects will engage in a component in selecting whether or not an incidental exemption is relevant to a certain exercise. Examples consist of an action that is supplementary to the efficiency of the other regulated activity in which the company is licenced or will be licenced if the exercise contributes to a major part of your organization and if discrete costs are billed for the exercise.
Homepage: https://apexerc.net/