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Crypto License in Singapore

Top 5 Advantages - Singapore Crypto License

  1. High-level license for worldwide and mass-market projects
  2. Especially suitable for payment services
  3. Strong jurisdiction with a prestigious reputation on the financial and FinTech spheres
  4. Create a payment institution and issue fiat accounts and payments cards
  5. A framework trusted by all the biggest exchanges (Coinbase, Binance, etc)
Packages to choose from:
Services
SmallMediumLarge
We prepare all documents and apply properly for the crypto license. This is a one-time fee, there are no recurring fees
Cryptocurrency License
We do the whole registration process, including the preparation of all needed documents, communication with state authorities and notaries
Incorporation
You do not need to visit this jurisdiction personally to incorporate - this will save time and money
Remote incorporation
You receive from us a legal address for your company, thus, no need to rent/buy a physical office
Legal address for 1 year
We act as the contact person between you and the authorities, who speaks the language and communicates with the license issuer
Contact person in the country
You grant us a power of attorney to carry out administrative work for you in the jurisdiction with different powers and terms of validity
Long-term POA
We assist you with drafts, templates and concrete examples of how to best prepare the documentation and obtain the according crypto license
Assistance in preparing all documents
We help you to review your business plan, or give you a template of a detailed business plan including charts, schemes and forecasts which you will need to adjust according to your business model
Assistance in preparing your business plan
We assist you in developing the right KYC processes and to implement the right AML-CFT procedures
Assistance in preparing compliance policies
We assist you search for office/warehouse/apartments and sign a rental/purchase agreement
Assistance in finding a suitable office
We assist you in the whole HR process: formulating requirements, advertising job, analyzing suiting candidates, coming to a written agreement
Assistance in employment of resident personnel
We provide you with the complete accounting needed for this jurisdiction, including monthly and yearly statements
Accounting for 1 year
Authenticates the seals and signatures of your official company documents stating the rights and obligations of the entity's members or stakeholders of the company of any form of ownership in accordance with the laws of the jurisdiction
Apostille of documents
A specific amount of hours of legal support by local legal professionals you may use on demand
Additional legal support
We assist you to proprely answer and open a corporate account that suits your business model
Bank account
Price
How to get a Crypto License in Singapore?
Register your company in Singapore1.
Hire the necesary personnel - at least an executive director in Singapore2.
Prepare your business plan3.
Prepare your AML-CFT KYC policies & process4.
For the Major license, get an agreement with a bank to be the safeguarding institution to guarantee customers5.
File an application - including documents to provide and interviews to pass6.

Suitable for:

  • Custody
  • Fiat to crypto
  • Crypto exchange
  • ICO
  • ITO
  • DeFi project

Standard Payment Institution vs. Major Payment Institution

  • If the total value of all accepted, processed or executed transactions is less than a certain threshold per year, you shall be granted a Standard Payment Institution License
  • Else, you will be granted a Major Payment Institution License
  • The Major license implies that your bank will guarantee the liquidity of your company

Requirements

What are the minimum requirements to obtain Singapore?

The Money Authority of Singapore (MAS) licenses and monitors the crypto Payment Institutions

  • Form a company in Singapore
  • Local personnel to administrate the company in Singapore
  • An extensive business plan and/or a white paper
  • Professionally prepared documents describing internal risk policies according to local AML laws
  • Internal monitoring guidelines of customer data and transactions
  • Extensive background check of all participants, including a certificate of non criminal record, a review of the resume and possible interviews
  • A significant share capital

Known companies in Singapore

DBS Bank Digital Exchange
DBS Bank Digital Exchange

Binance Asia
Binance Asia

Coinbase Singapore
Coinbase Singapore

FAQ