HK MSO Remittance Service (incorporated in 2017)
Description
This Hong Kong Money Service Operator (MSO) is a prime opportunity for those looking to enter the remittance service industry. Established in 2017, the company is licensed to provide money changing and remittance services, with the license renewed in 2023 and valid until 2027. The company operates with a share capital of HK$10,000 and incurs monthly shop fees of HK$5,700. The business is currently owned by two individuals holding 100% of the shares, and it is managed by four directors who will not be staying post-sale. The proposed transaction involves a structured process including signing an MOU, due diligence, and obtaining necessary approvals from HK Customs for new directors and UBOs. This MSO is suitable for investors looking to capitalize on the robust remittance market in Hong Kong, with a clear path to ownership and operational transition.
Status & Assets
Suitable For
Available Activities
Money changing and remittance service.
Financials
Share Capital
HK$10,000
Monthly Expenses
HK$5,700
Documentation
Structure of Deal
Proposed Transaction Procedures: (1) Sign MOU + Deposit equivalent to 30% of the Consideration (Refundable upon certain conditions) (2) Due Diligence (Within 14 days) (3) Sign SPA and Second Payment equivalent to 30% (4) The Buyer(s) to seek for Approval from the HK Customs as the Directors and UBOs (application time: 2–3 months) (5) Transfer of the Company + Appointment of Director + Remaining Payment + Relocation of Premises (if needed) (6) Notify to the Customs about the changes
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