Hong Kong TCSP (Trust or company service provider) License Application Registration Guide

According to the Anti-Money Laundering Regulations, Provided on a business basis in Hong Kong: Establish a corporation, Provide registered/business address, Serve as corporate director/secretary, Serves as express trust trustee and nominee shareholder, All fall within the scope of regulation.

There is no unified minimum capital requirement for ordinary TCSP licenses. If you apply separately to become a trust company under the Trustee Ordinance, Share capital should be verified according to this independent system, Full payment amount and registration conditions; The provision of trust services by TCSP is not automatically equivalent to the registration of a trust company..

Pursuant to Article 53B AMLO, government agency, accreditation body (banks), SFC licensed corporations operating subsidiary businesses in Hong Kong, and statutory accounting professionals and legal professionals, Legally exempt from applying for a license.

TCSP license does not automatically authorize DeFi, Virtual asset trading, custody, Payment or stablecoin issuance. Whether it actually triggers the SFC VATP or other licenses?, Must be controlled by platform, products, customers, Fund and token function judgment.

The official application fee is 3,440 Hong Kong dollars (renewed as 2,910 Hong Kong dollar). also, For each natural person or corporation that is legally required to undergo a "fit and proper" background assessment, Additional payment per person is required 975 Examination fee in Hong Kong dollars, Fees are non-refundable.

Bank account opening and virtual asset-related accounts are independently handled by the bank. Required license, AML/CFT, trust, Client assets and legal documents depend on actual business and bank policies, TCSP license does not guarantee account opening.

The Registrar of Companies has not committed to uniform approval or transaction cycles in the official information cited on this page.. Time depends on applicant, fit and proper person, document, Supplementary information, meet, Change approval and transaction conditions.

The Companies Registry can enter the business premises of the licensee in accordance with the Anti-Money Laundering Ordinance, Inspect or copy relevant business or transaction records and make inquiries. The specific legal authority and consequences should be understood in accordance with Articles 9 and 10, It should not be summarized as unconditional "enter at any time".

"Pre-approval" must be implemented. Any person becomes the new ultimate owner of a licensed corporation, Before partner or director, Form TCSP3 must be submitted to obtain written approval from the Director. Without reasonable excuse, "getting on the bus first and paying the ticket later" may be punished by fines and imprisonment.

The license is usually valid for 3 Year. If the licensee wishes to continue operating, Must be issued before the license expires 60 on or before, Submit form TCSP2 to apply for renewal in accordance with the law. Failure to submit on time will result in automatic license expiration..

The Director has the legal authority to take disciplinary action. including public condemnation, Issue a time-limited correction order, and impose a maximum fine of up to 500,000 Huge administrative fine in Hong Kong dollars, In serious cases, the license will be revoked directly.

Must be before the date of proposed closure of business, Notify the Director of the intention to cease operations and the specific date through Form TCSP7 in accordance with the law. The Registrar will formally cancel his license and remove him from the register on that date. Failure to report a violation is a crime.

No. Trust or company service provider regime and investments, Banks and other regulated services are different, The scope of the license must be checked separately according to the actual business.

Acceptance of application does not equal issuance of license. You should first confirm which activities require authorization, and whether the applicable formal or provisional license has been obtained; fit-out, Training and equipment testing should be distinguished from external business.

Can refer toSupervision and application information from the Hong Kong TCSP licensing authority, Check corresponding systems and processing information.

It is recommended to use, layout, Firefighting, Building conditions and business needs checklist, and confirm with the competent authorities and applicable professionals.. The tenancy agreement may be subject to licensing conditions, Avoid taking renovation completion as an inevitable outcome of approval.

First check whether the license is issued to an individual, Company, Place or designated business. New business entities or persons in charge should not directly use old documents, Applicable changes should be made, Transfer or New Application Process.

put new location, facility, Compare service content and responsible personnel with approved documents item by item. The original license does not necessarily cover the new venue or activity, Applicable approvals and relevant departmental procedures should be completed first.

Competent authorities may require additional clarifications, Modify plans or make rectifications. It is recommended to check the address before submitting, floor plan, equipment, people and real business, and keep version records of modifications, Reduce round-trip replacement parts.

No. Company survival, Business registration and industry-specific licensing have separate procedures and deadlines.. It is recommended to create separate reminders, and check insurance, Do personnel qualifications and accompanying conditions also need to be updated?.

Organize valid licenses, Approved plans or business description, Personnel information, Equipment maintenance and business records, and arrange for a person in charge who can explain actual operations. After inspection, rectification should be made as required, You cannot just provide a formal explanation.