singapore

A ready-made cryptocurrency company in Singapore. It is possible to provide a nominal service. Opening a bank account is included in the price.

Timeline: Re-registration of the company takes place in the shortest possible time. Usually, it takes 2-3 weeks, depending on the workload of the Singapore regulator. 

Singapore is one of the most cryptocurrency-friendly countries. It has a strong economy and crypto-favorable laws, and digital money is popular in Singapore. Local banks are eager to accommodate cryptocurrency companies allowing them to make payments with confidence.

The local Cryptocurrency and Blockchain Industry Association (CBIA) helps crypto companies develop and thrive. Government support is also important. The authorities develop and implement initiatives aimed at using blockchain for payments and securities tokenization.

Cryptolicense in Singapore: What you need to know

To engage in crypto activities, an organization must obtain a special license from the Singapore Monetary Authority, which gives the right to provide financial services. If the company plans to provide financial advisory services, a financial advisor license is necessary.

A crypto exchange must obtain a securities management license. If you plan to launch an ICO, you need to have a license for capital markets services. As for exchange services, IT companies do not need to have a separate license. This aspect is regulated by the anti-money laundering requirements set by the Monetary Authority of Singapore.

There is no law in the country that is specifically designed for cryptocurrency. The regulator considers digital assets as securities, so all crypto companies, including crypto exchanges, are required to operate under the Securities and Futures Act (SFA).

If you want to obtain a license from scratch and start a crypto company in Singapore, the requirements are as follows: 

• There must be one shareholder, and this person can be a foreigner. But at least one of the directors must be a resident.
• Foreign companies must have a registered agent to represent their interests.
• The headquarters must be located in Singapore.
• You must provide a configuration that will ensure complete security of the assets of the users.
• You must develop measures to prevent fraud, money laundering, and terrorist financing.
• You must track and report transactions to the regulator if they look suspicious.
• You must prevent leaks of user and employee data.
• It’s necessary to develop a system that will easily identify customers.

Advantages of a cryptocurrency company in Singapore

• A jurisdiction that is trusted by the customers.
• Crypto activities are supported by different entities, including government agencies.
• Clear laws.
• Low taxes.
• Qualified staff who are well-informed about cryptocurrency.
• Modern banking system.

Advantages of buying a ready-made company in Singapore

• You can start working immediately after buying a business.
• It takes a long time to open a bank account in Singapore. By buying a ready-made company with a bank account, you automatically solve this problem.
• You won’t have to think about getting the licenses after you register your business. Tell us all details about your business and you’ll get a company with the right license.

We sell verified companies, so you won’t have to worry about unpredictable situations, including loans, collectors, and lawsuits.