Everything You Need To Know About SFC License

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Looking to start a business in Hong Kong? If so, you will need to obtain an sfc license. This article will tell you everything you need about sfc licenses and how to get one.

There are two types of sfc licenses: Type I and Type II. Type I licenses are for businesses that engage in securities dealing, underwriting, and placing activities. To qualify for a Type I license, your business must have:
– A minimum paid-up capital of HK$100 million OR
– Net assets of at least HK$100 million after deducting any liabilities incurred or to be incurred in connection with the business

Type II licenses are for businesses that deal with futures contracts and advise on futures contracts. To qualify for a Type II license, your business must have:
– A minimum paid-up capital of HK$40 million OR
– Net assets of at least HK$40 million after deducting any liabilities incurred or to be incurred in connection with the business

You can apply for a license by filling out an application form and submitting it to the SFC. The application process takes about two weeks. After you submit your application, the SFC will review it and determine whether you are eligible. If you are approved, you will receive a license within four weeks.

We hope this information has been helpful to you.