Money Services Business Licence in Singapore
Asia-Pacific remittance hub. MAS regulated. Capital from SGD 100k+. Typical timeline 6 to 12 months.
Speak to a licensing expert
Tell us the business, the markets and your timing. Every enquiry is answered the same business day, with a written proposal: the licence, the requirements, the cost and the timeline.
Your enquiry
Why Singapore for Your Money Services Business Licence?
Singapore provides access to fast-growing Asian remittance corridors and a world-class regulatory environment.
MAS regulates money transmission and remittance services under the Payment Services Act 2019. Licensing requirements depend on the services and volume thresholds.
Licence requirements
Detailed requirements
Capital from SGD 100,000. Comprehensive AML/CFT frameworks. Local directors and registered office. Technology risk management.
Application process
Regulatory Strategy
We assess your business model and regulatory position to develop a clear licensing strategy.
Business Plan
We prepare a comprehensive business plan meeting the regulator's expectations.
Programme of Operations
Detailed programme of operations covering governance, compliance, and operational arrangements.
Compliance Framework
Full AML/CFT framework, compliance monitoring programme, and risk management policies.
Application Submission
We compile and submit the complete application package to the regulator.
Regulator Review
We manage all regulator communications and information requests during the review period.
Authorisation
Upon approval, we support your transition to live operations.
Process detail
6 to 12 months.
Singapore vs United Kingdom
| Criteria | Singapore | United Kingdom |
|---|---|---|
| Capital | SGD 100k+ | No requirement |
| Timeline | 6 to 12 months | 1 to 3 months |
| Regulator | MAS | HMRC |
| Key Feature | Asia-Pacific remittance hub | Straightforward registration, AML focus |
Related services
Licensing & Authorisation
Full-service licensing advisory from strategy to authorisation.
Compliance Support
Ongoing compliance frameworks tailored to your regulatory obligations.
Financial Crime
AML, KYC and financial crime prevention programmes.
Ready to get started?
Every enquiry is answered the same business day, with a written proposal.
Speak to a licensing expertFrequently asked questions
The capital requirement for a money services business licence in Singapore is SGD 100k+. Capital from SGD 100,000. Comprehensive AML/CFT frameworks. Local directors and registered office. Technology risk management.
The typical timeline for a money services business licence in Singapore is 6 to 12 months. 6 to 12 months.
Singapore provides access to fast-growing Asian remittance corridors and a world-class regulatory environment.
After receiving your money services business licence in Singapore, you must maintain ongoing compliance with regulatory requirements including safeguarding of customer funds, regular regulatory reporting, maintaining adequate capital, updating AML and compliance frameworks, and cooperating with supervisory reviews and inspections.
Most jurisdictions require local substance for a money services business licence. In Singapore, you will typically need a registered office, at least one locally resident director, and potentially additional operational staff. We can advise on the exact requirements and help you establish the minimum viable local presence.
A money services business licence in Singapore provides access to the domestic market. Asia-Pacific remittance hub. Separate authorisation may be required for other jurisdictions.