Eternity Law International — Forex brokers — Forex broker license in Singapore

Forex broker license in Singapore

Published:
July 3, 2017

Forex broker license in Singapore. To obtain a license for a forex broker in Singapore, it is required that the company has a history of working in the forex market for at least 5 years.

The new company develops a track record (a document that discloses the company’s activities) as an investor for the first 5 years, then files for a license).

The minimum share capital requirement is SGD 1,000,000 (Singapore dollar).

Also, one of the requirements for issuing a license is the majority of local shareholders in the company. Key management should be local specialists with the required qualifications.

Thus, there are 2 options for obtaining a license in Singapore – Forex broker license in Singapore

1) Through the purchase of a local company with a history;

2) Through the creation of a Singapore company from scratch and obtaining a license in 5 years.

The costs for this project will be quite high, ranging from S $ 5 million to S $ 10 million or more. If we are talking about a company with a history, it will be acquired according to valuation;

For the new company, the budget for obtaining a license will include the payment for renting an office in the central business district, the salary of qualified personnel for 5 years, the necessary equipment and software, lawyers’ fees for preparing the necessary documents, as well as a game portfolio on which the history of operations will be created).

Our commission for project maintenance will be calculated on an hourly basis.

The fees of third-party consultants (law firms, recruiting agencies, etc.) are agreed with the customer at the stage of attracting third-party consultants.

If you want to obtain a license in Singapore, then our specialists will help you quickly and efficiently obtain a license in Singapore. Write to us in the CRM form and we will help you obtain any type of license in Singapore.

The specialists of Eternity Law International will provide you with expert advice on acquiring a company, obtaining a VAT number, opening a bank account in any jurisdiction, as well as obtaining a license and further support of your company’s activities at any stage of work.

If you have any questions or need advice on obtaining a license, call us at the phones listed on the website, or fill out and send us the form located at the bottom of the page.

A complete list of licenses can be found here.

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