Secure A Singapore Cryptocurrency License
Are you in need of cryptocurrency licensing expertise? FinLaw’s team of legal experts is here to help! Here are some of the licenses we can help you with:
Malta Cryptocurrency License
Japan Cryptocurrency License
Gibraltar Cryptocurrency License
Estonia Cryptocurrency License
Bermuda Cryptocurrency License
United States Money Transmitter License
Antigua Cryptocurrency License
Singapore Cryptocurrency License
New York Cryptocurrency License
Switzerland Cryptocurrency License
United States Money Service Business Registration
Vanuatu Cryptocurrency License
Advantages of a Cryptocurrency 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 marke. 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.
GET A SINGAPORE CRYPTOCURRENCY LICENSE NOW.
Singapore Cryptocurrency License Cost & Set-Up Fees
|License||Class F Payment Institution|
|Time to License||1 to 2 Months|
|Tax Structure||Zero (%) Percent Tax on Offshore Profits|
Instant Access To Our Flat Rate Pricing, Includes All Setup 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.
Why a Singapore Cryptocurrency License?
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.
Given its location in the Caribbean and recent economic challenges, Puerto Rican government has sought to enact legislation to encourage the development of an offshore financial services center. This includes certain tax benefits, including rates as low as four percent on corporate taxes and tax holidays for certain expatriates.
Most recently, Puerto Rico passed Act 273, which established international financial entities and an associated international banking license. While not technically “offshore”, Puerto Rico is an ideal jurisdiction for the establishment of an international offshore bank. Puerto Rico’s International Financial Entity license grants the holder broad banking powers at a competitive tax rate of four percent of profits, as well as easy access to the United States banking system.
The licensure, while only recently passed, spurred the growth of offshore banking in Puerto Rico, with over 25 offshore banks established in 2018.
Our Singapore Cryptocurrency 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 cryptocurrency licensing experts at FinLaw to begin the process of obtaining your cryptocurrency license in Singapore today. Take advantage of our knowledgeable and skilled professionals to answer any, and all, of your questions.