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Hong Kong VASP

Why this license?

  • Regulated environment offering legitimacy and investor confidence for virtual asset businesses

  • Strategic access to Asia’s financial hub with strong legal and financial infrastructure

  • Recognized VASP regime under the Securities and Futures Commission (SFC) with clear compliance framework


Eligibility & Requirements

CategoryDetails
Legal EntityHong Kong-incorporated company
Physical OfficeLocal office required with real presence
Responsible Officers (ROs)Minimum two ROs with relevant experience and SFC approval
Fit and Proper TestFor directors, shareholders, and senior management
Compliance FrameworkAML/CFT program, internal controls, cybersecurity, and audit functions
Minimum CapitalHKD 5 million for trading platforms (or activity-based threshold)
Client Asset SafeguardsSegregation, custody procedures, and clear risk disclosures

Roadmap to Obtaining Your Hong Kong VASP Registration License

We offer comprehensive support for obtaining financial licenses across multiple regulatory categories, including asset management, fintech and payment institutions, securities dealing (forex brokerage), VASP/MiCA compliance, and fund administration. Our team assists with jurisdiction strategy, entity setup, regulatory documentation, and end-to-end compliance.

Whether you’re launching a new venture or expanding globally, we ensure a smooth and fully compliant licensing process. From initial planning to regulator engagement and post-license implementation, our expertise helps you navigate complex requirements with clarity and confidence.

1. Company Formation

Incorporate a Hong Kong company suitable for virtual asset activities.

2. Pre-Submission Preparation

Develop robust policies for AML, compliance, cybersecurity, and governance structures.

3. Hiring and Designation of Officers

Appoint Responsible Officers and key persons meeting the SFC’s “fit and proper” criteria.

4. Application Submission to SFC

Submit full VASP license application through the SFC’s portal with complete documentation.

5. Regulatory Assessment

Respond to SFC queries, provide clarifications, and undergo compliance reviews or interviews.

6. Approval & Registration

Receive VASP registration and authorization to commence operations with regulatory oversight

7. Post-Licensing Compliance

Implement periodic audits, transaction reporting, and continuous AML monitoring.

Timeline & Fees

Estimated TimelineFee Range (SFC + Setup)
6 to 9 months depending on complexityStarting from USD 45,000–USD 90,000+

Get In Touch

Contact our experts for a free consultation

Contact Our Experts

Contact Details

Rengangyongsheng (Hong Kong) Limited


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Email compliance.license@gmail.com
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Phone 852-92984213
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Address 18/F, Easley Commercial Building, 253-261 Hennessy Road, Wan Chai, Hong Kong
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Address 86/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong