Singapore is one of the leading global business centers with the highest level of economic competitiveness (1st place in the world), supporting FinTech innovations.
The registration of a financial institution, as well as obtaining an SPI license in Singapore opens up great opportunities for doing business in a favorable business environment.
In accordance with the new Payment Services Bill (PSB), the country's main financial regulator (MAS) provides for the possibility of ordering a license for payment services of 2 types:
Among the key advantages of obtaining a payment institution license, it is worth highlighting:
Persons who intend to register a payment system in Singapore and order a PI license must comply with the following requirements of the regulator:
The list is not exhaustive. More information about preparing the necessary package of documents you find out by requesting for personal advice on obtaining a license for a payment service provider in Singapore.
A comprehensive proposal includes the registration of a company + obtaining a license for the provision of payment services in Singapore.
Application consideration period for obtaining a Standard Payment Institution license: from 5-6 months.
Full price: EUR 50 000
By turning to our specialists, you can receive legal assistance in preparing a company's business plan or connecting acquiring, as well as other related services.
To find out more, we recommend that you order individual advice on obtaining an SPI license in Singapore, as well as legal support in registering a Singapore payment system.
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The information outlined in the article is actual at the time of its publication.
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