Singapore
Cryptocurrency License
Regulatory Licenses in Singapore
Singapore is a parliamentary republic and major financial hub in Southeast Asia. Its highly developed, free-market economy is known worldwide for its business-friendly climate. For these reasons, businesses in regulated industries have long flocked to Singapore — particularly in the financial, cryptocurrency, and payments fields.
As a major onshore financial services center, Singapore is both widely respected and recognized. The nation boasts a low tax regime on domestic and offshore profits and undertakes a reasonable approach to regulatory fees.
When obtaining a crypto license in Singapore, it’s important to note that blockchain professionals hold a regulatory license here in high regard. The Monetary Authority of Singapore is charged with supervision and enforcement of its Class F Payment Institution License and has been very successful in attracting both high-profile cryptocurrency exchanges and Initial Coin Offerings.
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Formation Fees
Application Fees
Capital Requirement Fees
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As a leader in the fintech professional services field, FinLaw has had the opportunity to collaborate with thought-leading organizations and has had its work published in leading publications.
Advantages of a Crypto License in Singapore
As of 2022, the top ten cryptocurrency exchanges yield as much as $3 million per day in profits, according to Bloomberg. And, as the worldwide adoption of cryptocurrency increases, trading revenue reached over $20 billion in 2021, making it an advantageous time to join the market.
Unlike the highly regulated, complex U.S. and EU markets, Singapore offers a cost-effective, lower-risk alternative for starting a licensed cryptocurrency exchange or broker-dealer.
Our Singapore Crypto License Package
Includes the preparation and drafting of:
- Establishing a private limited company in Singapore.
- Shareholder and officer agreements.
- Narrative business plan.
- Current financial statements.
- Financial projections over three years
- Personal financial statements for owners.
- Application with Singapore FSC.
- Responses to Singapore FSC.
- Identification and engagement of auditor and local representative.
- Opening of bank accounts and trading accounts.
- AML/KYC policies and procedures.
- Client agreements and disclosures.
Contact Us for Singapore Cryptocurrency License Expertise
We have over ten years of combined experience in assisting customers with their cryptocurrency licenses. Contact our offshore banking license experts at FinLaw to begin the process of obtaining your Crypto license in Singapore today. Take advantage of our knowledgeable and skilled professionals to answer any, and all, of your questions.
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