Licenses are granted by the Monetary Authority of Singapore (“MAS”) under the provisions of the Securities and Futures Act (CAP.289). Below please find features of the particular license category in more details:

Feature/Category	CMS License
Type of company required to be eligible	Singapore LLC company
Corporate taxation	17%
Minimum paid-up statutory capital	Depends on services to be provided. Range is from 50,000 SGD to 5,000,000 SGD
Main requirements	Minimum 2 directors (1 local), Compliance & AML Officers, qualified personnel, bookkeeping/audit, audited financial statements, physical office
Timeframe	A complete license application is normally decided upon MAS approval within 8-10 months from the date of filing
Government fees	1,000 SGD

GFSC GLOBAL can offer as well the following services in relation to the license application, which include: 1) Opening of operational and clients bank accounts (worldwide) 2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel) 3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Quarterly & Annual Reporting 4) Provide outsourced Compliance & AML Support services 5) Provide outsourced Risk Management services 6) Assistance with finding local premises 7) Assistance with Trademark & Brand Name registration 8) Provide in-house trainings/seminars 9) Provide Legal Opinions 10) Provide DPO & GDPR Advisory services