Operate a licensed moneylending business legally in Singapore under the Ministry of Law.
Access a regulated, trusted financial sector with clear legal protections.
Tap into demand from SMEs and individuals seeking alternative financing.
| Requirement | Details |
|---|---|
| Legal Structure | Must be a registered company in Singapore |
| Key Personnel | Directors and officers must pass fit and proper checks |
| Paid-Up Capital | Minimum S$100,000 |
| Office Premises | Physical office required and subject to inspection |
| Experience | Preferably with financial or credit background |
| AML/CFT Policies | Must have adequate anti-money laundering controls |
| Training | Licensed officers must complete mandatory training |
We offer comprehensive support for obtaining financial licenses across multiple regulatory categories, including asset management, fintech and payment institutions, securities dealing (forex brokerage), VASP/MiCA compliance, and fund administration. Our team assists with jurisdiction strategy, entity setup, regulatory documentation, and end-to-end compliance.
Whether you’re launching a new venture or expanding globally, we ensure a smooth and fully compliant licensing process. From initial planning to regulator engagement and post-license implementation, our expertise helps you navigate complex requirements with clarity and confidence.
Incorporate a private limited company in Singapore with the proper business activity codes (SSIC) related to moneylending.
Secure and set up an operational office space that meets the Registry of Moneylenders' standards. Premises will be inspected as part of the application process.
Appointed key officers must undergo and pass the Moneylender’s Training Program offered by approved providers under the Ministry of Law.
Apply through the Ministry of Law's GoBusiness Licensing Portal. Submit all required documents, including business profile, personnel details, and AML/CFT policies.
Background checks will be conducted on directors, shareholders, and key officers to ensure compliance with moral, financial, and professional integrity standards.
The Registry will conduct interviews and inspect the office. You'll need to demonstrate your systems, controls, and understanding of moneylending obligations.
Once approved, you’ll receive the MPI license valid for 1 year (renewable). Start operations, ensuring ongoing compliance with reporting, advertising, and lending regulations.
| Typical Timeline | Application Fees |
|---|---|
| 6–12 weeks processing | S$1,500–S$2,000 (Govt + training + setup) |
Contact our experts for a free consultation