Set Up a Cryptocurrency Company in Singapore – Obtain a Crypto Exchange License

YES, the Guide to Digital Token Offerings, the Guidelines on the Regulation of Markets, the Futures and Securities Law

Regulatory authority Monetary Authority of Singapore (MAS)

Types of entites used to register the company

Most legal entities can be used, however the LLC is preferred to open a cryptocurrency company in Singapore Local manager required (YES/NO)

YES

 Minimum capital requisites (YES/NO) NO License required (YES/NO) YES, cryptocurrency exchange license must be obtained Licensing exceptions (YES/NO)

YES, companies that do no trade digital coins are not required to obtain a license

Timeframe to register the company (approx.)

It takes approximately one week to open a cryptocurrency company in Singapore

Anti-money laundering regulations applicable (YES/NO) YES, all crypto companies must respect such regulations Specific requirements for foreign investors (YES/NO) NO Activities permitted for crypto companies ATM setup, crypto mining, e-wallet creation, etc. Other special requirements applicable (YES/NO) YES, cryptocurrency companies must create offers for a minimum number of 50 investors per year; the offer cannot exceed SGD 55 million for the respective year Taxation of cyrpto companies in Singapore Corporate tax of 17% must be paid by cryptocurrency companies in Singapore Why choose Singapore Regulated sector, the existence of the Cryptocurrency and Blockchain Industry Association for small companies, low corporate tax with the possibility of obtaining various tax reductions Support in launching a cryptocurrency business (YES/NO) YES, we can help you open a cryptocurrency company in Singapore