Carrying on business in fund management with no more than 30 qualified investors (of which no more than 15 may be funds or limited partnership fund structures) AND the total value of the assets managed does not exceed S$250 million.
Details of this transaction
1. The Firm was incorporated in 2019, licensed in late 2019.
2. Shares capital requirement is SGD250,000 (Approx. USD190,000).
3. Has a Singapore bank account.
4. Two local directors (with 5 years and above relevant experience each) and one local shareholder. Need not be locals.
5. Corporate Tax of 17% applied.
6. The Firm has a clean client record with no open or unresolved legal issues.
7. Current monthly maintenance is approximately USD 85,000.
8. Buyer has the choice of taking over current office location or seek new premise and Desfran is able to assist.
Note: Proof of funds required as well as KYC of potential entity or beneficial owner interested in purchasing this firm.