Singapore

Singapore MAS Registered Fund Management Company (RFMC)

Permissible Activities: 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 …

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Singapore MAS Major Payment Institution (MPI) License

Permissible Activities: Major payment institutions are licensed and regulated under the Payment Services Act (“PS Act”) to provide payment services without being subject to the specified thresholds. The thresholds are set out in section 6(5) of the PS Act. In summary, these are: S$3 million monthly transactions for any payment service (other than e-money account …

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SPACs: Popular in the United States, what about Singapore?

Special purpose acquisitions companies (SPACs) are companies incorporated with the intention of raising capital through an initial public offering (IPO) to acquire existing target companies or assets that are only identified after the IPO. Retail investors are able to participate in investments commonly only available to private equity funds. It is typically conducted via a …

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Setting Up an Offshore Company in Singapore

Dubbed the ‘little red dot’ by then Indonesian President Bacharuddin Jusuf Habibie in 1998, a small island state of five million residents that spans 50 kilometres from east to west, Singapore’s reputation as a financial hub has come a long way to rival that of Hong Kong. What makes Singapore a competitive and attractive location …

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