Comprehensive and modern regulatory framework under the Monetary Authority of Singapore (MAS)
Gateway to Southeast Asia’s fintech market with high investor and consumer trust
Covers multiple services under a unified license structure, including e-wallets, remittances, and digital payments
| Category | Details |
|---|---|
| Legal Entity | Singapore-incorporated company |
| Local Director | At least 1 Singapore resident director |
| Physical Office | Local registered office in Singapore |
| Capital Requirement | SGD 100,000 (Standard PS license) or SGD 250,000 (Major PS license) |
| Fit & Proper Test | For directors, shareholders, and key personnel |
| AML/CFT Compliance | Mandatory KYC, transaction monitoring, and reporting procedures |
| Risk Management Framework | Required for cybersecurity, fraud, and business continuity |
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.
Set up a private limited company with a local office and director.
Identify applicable services: account issuance, domestic money transfer, cross-border remittance, e-money issuance, merchant acquisition, or digital payment tokens.
Draft internal policies for AML, cybersecurity, governance, and operations aligned with MAS guidelines.
Complete the online application through MAS' system with required documentation.
Address queries from MAS and participate in interviews or technical assessments if needed.
Receive the PSA license and comply with ongoing supervisory and audit requirements.
Begin operations with MAS oversight, including regular reports, inspections, and updates to internal systems.
| Estimated Timeline | Fee Range (MAS + Setup) |
|---|---|
| 6 to 12 months depending on license type | Starting from USD 25,000–USD 60,000+ |
Contact our experts for a free consultation