Singapore is one of the fastest growing states, where it is prestigious to obtain a license for the provision of financial activities. In this article, we will tell you how to obtain a Forex broker license in Singapore (CMS License).
To find out the details, we recommend that you carefully read the prepared material, as well as order legal advice on obtaining a CMS license.
If you intend to trade in the Forex market, then obtaining a Forex broker license in Singapore can be the beginning of a successful business in this area.
The main regulator overseeing the financial services industry is the MAS. By applying to the MAS, companies can obtain a Capital Market Services license in Singapore.
Forex brokers should cooperate only with financial institutions and banks, which are regulated by the MAS. If you plan to register a Forex trading business, then obtaining the above license will become a prerequisite for you to conduct further activities.
It is also important to know that in order to successfully obtain a Forex broker license, your business must pass a check for compliance with the rules established by the MAS.
Only those enterprises that have met the following requirements of the financial regulator can obtain a brokerage license in Singapore:
The list of requirements is not exhaustive. You can find out the details when studying these Guidelines, as well as ordering personal advice on obtaining a license for Forex broker activities in Singapore.
Separately, it is worth noting that individuals cannot directly obtain a Forex broker license. To conduct brokerage activities, an individual entrepreneur must either register a Forex company or buy an existing company in Singapore.
If you plan to order a CMS license in Singapore, then you will need:
The tentative dates for obtaining a Forex broker license: 4 months.
For entrepreneurs who decide to conduct business in this jurisdiction, our experts recommend asking for individual advice on obtaining a Capital Market Services license in Singapore.
Also, we are ready to provide legal assistance in registering a Singapore company and legal support in acquiring an existing business in Singapore. You can learn the details by filling out the form below.
The information outlined in the article is actual at the time of its publication.
Please refer to our specialists for checking possible solutions for your business.
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