Singapore MAS License Application Services
Introduction
If you have a Company in Singapore and if it operates in the financial Sector, then there is a higher chance that you may need a license to be obtained from the Monetary Authority of Singapore. The typical business Sectors needing licenses are :
Why to Engage a Consultancy Firm Like ours to apply for the license
License Application Can be complicated
Many of these licenses often require a lot of information from your side. At times this information is not in a single form, but may need to be attached as an additional annexure. If you have not handled this kind of form then things can get confusing and complicated for you.
Some sections of the Licenses application are Open ended
Sometimes the information requested may be open ended – for example “Explain your cyber security arrangements”. For an untrained person it becomes quite difficult to decide what to write here. Giving too little information can add to the processing time as approvers will often ask for more details.
You may require additional documents to be attached
Many applications require additional documents to be attached. These may range from CV of the intended representative to technical diagrams of your fintech solution. So the variability of the topic here is great. Knowing how much information and what is relevant information is of importance.
You may need compliance policies and manuals
In almost all the MAS licenses having your Risk management Framework, Compliance manuals / policies and AML/ KYC policies is necessary. Moreover these documents needs to be customised for your specific case or scenario. The components of these policies should be as approved by the MAS.
You may need interaction with MAS representatives
At times you will need interaction with MAS representatives for the questions they may have. A meeting may be needed. Being prepared for the meeting and presenting your case confidently is important. Also providing right information in right format is necessary.
Solution : We can act as a license application agent for your Company
It should be clear to you now, that applying for a license with MAS, to operate your financial company may not be as easy as you may think. So you can consider engaging our services for the license application. Moreover, we provide a complete suite of services as follows.
Ready to Help
Our service delivery team is waiting to assist you.
Why Engage Us
Everything you need to get started, for one fixed price.Comprehensive Packages
Our packages are comprehensive. The price covers everything required.
Expert Team
Our service team has many years of experience. we will guide and assist you throughout your engagement.
Quality Service
We take pride in the quality of services we provide. Check our testimonial section to see what our clients speak about us.
Straightforward Approach
We are very straightforward with our approach. If something in your plan is not likely to work out we will be frank to tell you so.
