5 thoughts on “bali shell jewelry wholesale How to handle the MAS license in Singapore?”
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wholesale patina jewelry Hello, please answer your questions one of the conditions for applying for Singapore MAS license is to apply for an ordinary company in Singapore applying for Singapore Company specific information: 1: Directors information, Suggestion 2 Bit 2: Company name: *** PTE.LTD ending 10-15 working days, the company's application to complete The following is a long license application. Can consult Xiaobian to understand ~
tibet jewelry wholesale Since the Singapore government officially announced on December 20th, the news of the opening of the application of Singapore's digital currency license was released, and the entire blockchain circle seemed to be exploded. The Singapore license has now become the focus of the blockchain industry. The exchanges are also eager to move, and they are waiting for the days when they are officially opened on January 28th to apply for the Singapore MAS license. The first exchange that successfully won the Singapore license will also become the envy of many exchanges. So how to apply for Singapore MAS license? Singapore license is divided into three categories: The first type of "currency exchange" license: (G type) is limited to currency exchange services. The supervision direction is similar to the existing MCRBA bill; due to business The business scale of itself is small and the risks involved are low, so the regulatory scope of this license is also small. The "Standard Payment Institution" license: (SPI class, 100,000 $ 100,000 margin payment) C supervision of the commercial combination of the above 7 services, but there is an upper limit of the payment or transfer amount. It is required that the average monthly amount involved in the year does not exceed 3 million yuan, or the average daily electronic payment flows involved in the year do not exceed 5 million yuan. Due to the small quota, the application requirements for this license are also low, providing innovative financial companies with a loose environment similar to "permanent sandbox". The third category of "large payment institutions" licenses: (MPI class, 200,000 $ 200,000 deposit payment) The supervision exceeding all businesses set by the "Standard Payment Institution" license. Because the amount involved is larger, the risk is higher, the approval requirements for licenses are stricter, and the scope of supervision is wider. Is Singapore MAS license application registration process and required materials: Step 1 register Singapore company 1. Provide Singapore's local official office, local named directors; 2. Shareholders' information, passport scanning parts, and company names are provided to us; 3. On behalf of customers, provide materials to Singapore financial supervision review 4. The company arranges the first directors
In the materials required by Singapore Company 1. Directors, shareholders' ID handheld photos (front and back) 2. Director, shareholders, shareholders, shareholders, shareholders Passport scanning parts 3. A fair copy of the non -criminal record 4. The detailed resume of the applicant 5. The address proof (need to translate, within the past 3 months) as the director address display 6 . Company name, end at PTE.LTD 7. Registered funds: SPI 100,000 yuan, MPI category 250,000 yuan (real payment) 8. Director) Agent company can provide Step 2 Apply for Singapore MAS license The service provided by proxy n1, representing customers submit applications to Singapore MAS MAS application materials (1) Business plan (2) Counter -terrorism anti -money laundering plan (3) Audit report (4) Compliance report (5 ) Accounting report (6) Company structure (7) Articles of Association Plan (8) Operation Plan (9) Customer background data survey plan (10) Related information of directors and shareholders 3, after submitting the information on behalf of the customer, wait for the review of Singapore MAS 4, after receiving any opinion from Singapore MAS, represent the customer to reply and modify the application 5, review and approval Complete the application license
In the environment of blockchain and cryptocurrencies in many countries around the world, Singapore is a hot land for the development of blockchain. Under the guidance of the Singapore government's "not seeking zero risks and not stifling technological innovation" in the Singapore government, the fintech industry, including blockchain and digital currency, will bring huge imagination to the new economic growth of Singapore's economy.
dresser locked jewelry boxes wholesale As the most booming country in Southeast Asia, Singapore has also reached the top in the electronic asset industry, and has attracted much attention to the financial innovation form of digital currency. The Payment Services Act was officially legislated on January 14, 2019 by the Singapore Parliament. This bill will directly affect many digital currency exchanges, wallets and OTC platforms in the Singapore market, and will comprehensively supervise related businesses from two directions: risk control and compliance. Under the new "Payment Service Act" by the Singapore Economic Management Bureau, the two regulatory frameworks are parallel, and they are: "specified system" and "license system". The "license system" is a regulatory framework set up to better conform to the flexibility of the market. There are three types of licenses: "currency exchange" licenses; "standard payment institutions" licenses; and "large payment institutions" licenses.
The scope of the regulatory of the license system includes the following seven businesses:
Chocks opening service Domestic remittance services international remittance services commercial procurement services n commercial procurement services n R N Electronic Payment Service Payment Tonglin Service Currency exchange service
For redemption services, the direction of supervision is similar to the existing MCRBA bill; because the business scale of the business itself is small, the risk involves is low, so the regulatory scope of this license is also small.
The second category "standard payment institution" license: C supervision of the commercial combination of the above 7 services, but there is a requirement for the upper limit of the payment or transfer amount, that is, a one, that is, a one The average monthly amount involved in the year does not exceed S $ 3 million, or the average daily electronic payment flow of electronic payments per day in the year does not exceed S $ 5 million. Due to the small quota, the application requirements for this license are also low, providing innovative financial companies with a loose environment similar to "permanent sandbox".
The third category of "large payment institutions" license: The supervision exceeding all businesses set by the "standard payment institution" license, which is equivalent to the "Standard Payment Institution" license Upgraded version.
If the company's business volume reaches the following two situations, you need to apply for a "large payment institution" license: the licensee provides account opening services, domestic remittance services, international remittance services, commercial procurement services, commercial procurement services , One or more in the payment -type certification service, the total monthly transaction volume of a monthly business exceeds S $ 3 million or the total transaction volume of a month or above is more than 6 million yuan; Provide electronic payment services, with average daily electronic payment of more than 5 million yuan. The due to greater amounts involved, higher risks, stricter requirements for approval of licenses, and wider regulatory scope.
In summary, Singapore's digital currency transactions involve payment token transactions (payment tokens, such as: Bitcoin), all need to apply for the third " Large -scale payment institutions "licenses.
The compliance plan procedure: This must formulate compliance plans and supervise by compliance officers. The compliance officer is responsible for supervising all aspects of anti -money laundering and anti -terrorism financing, including but not limited to: Coloning the identity information of customers; All reports and records required by laws and regulations; The monitoring transactions and investigating any major deviations in normal activities; E implementation record management systems in order to store and retrieve documents, documents, forms, and logs; r; r; The risk assessment regularly; In the law enforcement department provides information according to the requirements of the applicable laws and regulations; A compliance officers have the right to interact with the law enforcement department, and the law enforcement department participates in preventing money laundering, funding terrorism and other illegal illegal illegal Activity
The understand your customer program: as a payment business, you must verify the identity of customers for certain activities and transactions. Part of your customers include the following methods to identify customers, and to conduct some additional activities, as shown below:
Coloning some information to identify customers Other people associated; Adifying the identification information obtained; If the customer is not a natural person, please identify and verify the identity of the customer's acting natural person; The identification and verification procedures of the benefit owner; The information about the nature and purpose of the expected business relationship in the place where the business relationship is to be established; R n After establishing business relationships, check the adequacy of customer information regularly
Legal requirements: At least one natural person shareholder can be held as a legal person shareholder; r; The at least 2 local directors (for Singapore citizens, holding permanent residents or employment permits), one execution and non -executive director each; must appoint 1 company secretary; The company permanent business office office And employees; The compliance department and staff; review requirements; Mas inspection/survey; technology risk management; n person.
Minimum capital requirements: Standard payment institution license: 100,000 new coins Large payment institutions license: 250,000 S $ 2 Pay margin to MAS: The average monthly transaction volume is less than 6 million S $ 6 million: pay the deposit 100,000 S $ 100,000 Other situations: Payment of S $ 200,000
This required files: The passport certificate of personal shareholders and directors (one person)
bills/address certificates of personal shareholders and directors
The charter, commercial registration, certificate
The passport notice of the holding company and director, the bill/address certificate within three months R N Company Registration Certificate The financial statements of the company or group in the past three years Organizational architecture diagram The business plan n equity architecture chart n R N Labor Certificate and resume The application form template
UCG service content Colidation of local companies application information for assistance to prepare aml process establishment, anti -money laundering anti -terrorism terrorism Compliance The local compliance officer required by MAS This Singapore Financial Administration (MAS) submitting application Inned application to assist in management
opal jewelry wholesale Hello, I am glad to answer this question Today, let's understand the Singapore MAS. At present, the hottest licenses are issued by the Singapore Financial Administration. In December 20, 2019, Yixun spread throughout the entire circle of friends. Singapore officially opened the application for crypto trading licenses. In many countries around the world, the supervision of blockchain and cryptocurrencies is not yet clear. It is a hot land developed by blockchain. Under the guidance of the Singapore government's "not seeking zero risks and not stifling technological innovation", the Singaporean government, the fintech industry, which is a fintech industry, will bring a huge imagination. The Singapore government has always been in a very friendly state for blockchain projects. As soon as this news can be seen, the Singapore government's support for blockchain items also indicates the importance of compliance. Once the Singapore license must be a license to apply for many exchanges, everyone is guessing who will be the first exchanges to get the Singapore license. Let me introduce the details of the Singapore MAS license Singapore MAS regulatory license type: 1 "currency exchange" license (G class): currency exchange cards are used to exchange currency services. Low. 2 The "Standard Payment Institution" license (SPI): The license in the account opening, domestic and overseas transfer, commercial procurement, electronic payment, currency exchange industry, restrict the payment/transfer amount, that is, the average annual annual annual average The monthly business involves ≤ 3 million SGD/or an average monthly business involved in the flow of water ≤6 million SGD. 3 "Large Payment Institutions" license (MPI): The business involved in the industry listed in the "standard payment" license, and the license approval is more strict. If in accordance with the regulations of the Singapore Monetary Authority, the regulatory payment business and license category regulated and license types Guidelines, the following 7 types of business types need to apply for a payment license Singapore license application requirements: 1, register a Singapore individual company, end with PTE LTD 2, Directors information: passport address certificate (New directors need to have sufficient operating experience in the payment service industry or the relevant areas of the financial service industry) 3, registered company capital: "Standard payment institution license": 100,000 S $ 100 ( Note: You need to pay) "Large Payment Institutional License": 250,000 S $ 2 4, Registration Address: Real office and at least one staff member. 5. You need to pay the guarantee deposit to MAS: -If the applicant's any payment business is average per month u003C600 million S $ 10,000 -Other situations: Pay the guarantee of S $ 200,000 The above is some of the content shared by the editor. If you don’t understand, please consult
wholesale metal wire not jewelry not craft The Singapore government has always been in a very friendly state for the blockchain project. As soon as this news, it can be seen that the Singapore government's support for the blockchain item also indicates the importance of compliance. It must be a license to apply for the application for many exchanges. Everyone is guessing who will be the first exchange to get the Singapore license. Here is a detailed introduction to the details of the Singapore MAS license
Singapore MAS regulatory license type:
1 "currency exchange" license (G class):
Cur currency exchange cards are used to exchange currency services. The business scale is small and the risk is low.
2 The "Standard Payment Institution" license (SPI):
The license is in the account opening, domestic and foreign transfer, commercial procurement, electronic payment, currency exchange industry, payment/transfer transfer The limit is limited, that is, the annual average monthly business involves ≤3 million SGD/or the annual average monthly business involves flowing water ≤6 million SGD.
3 "Large Payment Institutions" license (MPI):
The business involved in the industry listed in the "Standard Payment" license, and the license approval is more strict.
In accordance with the regulations of the Singapore Monetary Authority, the regulatory payment business and license category
Regularized and license types
The bill "and the
" New Guide "announced yesterday, the following 7 types of business types need to apply for a payment license
, Register a personal company in Singapore, end with PTE LTD
2, Directors Information: Passport Address Certificate (New Directors need to pay the service industry
or the financial service industry related to the financial service industry Fields have sufficient operating experience)
3, registered company capital: "Standard payment institution license": 100,000 S $ 100
License: 250,000 S $ 2
4, registered address: need actual office and at least one staff member.
5. You need to pay the guarantee deposit to MAS:
-If any payment business of the applicant is the average monthly transaction volume u003C600 r 0,000 S $ 10,000: Payment 100,000 S $ 100,000
wholesale patina jewelry Hello, please answer your questions
one of the conditions for applying for Singapore MAS license is to apply for an ordinary company in Singapore
applying for Singapore Company specific information:
1: Directors information, Suggestion 2 Bit
2: Company name: *** PTE.LTD ending
10-15 working days, the company's application to complete
The following is a long license application. Can consult Xiaobian to understand ~
tibet jewelry wholesale Since the Singapore government officially announced on December 20th, the news of the opening of the application of Singapore's digital currency license was released, and the entire blockchain circle seemed to be exploded. The Singapore license has now become the focus of the blockchain industry. The exchanges are also eager to move, and they are waiting for the days when they are officially opened on January 28th to apply for the Singapore MAS license. The first exchange that successfully won the Singapore license will also become the envy of many exchanges. So how to apply for Singapore MAS license?
Singapore license is divided into three categories:
The first type of "currency exchange" license: (G type)
is limited to currency exchange services. The supervision direction is similar to the existing MCRBA bill; due to business The business scale of itself is small and the risks involved are low, so the regulatory scope of this license is also small.
The "Standard Payment Institution" license: (SPI class, 100,000 $ 100,000 margin payment)
C supervision of the commercial combination of the above 7 services, but there is an upper limit of the payment or transfer amount. It is required that the average monthly amount involved in the year does not exceed 3 million yuan, or the average daily electronic payment flows involved in the year do not exceed 5 million yuan. Due to the small quota, the application requirements for this license are also low, providing innovative financial companies with a loose environment similar to "permanent sandbox".
The third category of "large payment institutions" licenses: (MPI class, 200,000 $ 200,000 deposit payment)
The supervision exceeding all businesses set by the "Standard Payment Institution" license. Because the amount involved is larger, the risk is higher, the approval requirements for licenses are stricter, and the scope of supervision is wider.
Is Singapore MAS license application registration process and required materials:
Step 1 register Singapore company
1. Provide Singapore's local official office, local named directors;
2. Shareholders' information, passport scanning parts, and company names are provided to us;
3. On behalf of customers, provide materials to Singapore financial supervision review
4. The company arranges the first directors
In the materials required by Singapore Company
1. Directors, shareholders' ID handheld photos (front and back)
2. Director, shareholders, shareholders, shareholders, shareholders Passport scanning parts
3. A fair copy of the non -criminal record
4. The detailed resume of the applicant
5. The address proof (need to translate, within the past 3 months) as the director address display
6 . Company name, end at PTE.LTD
7. Registered funds: SPI 100,000 yuan, MPI category 250,000 yuan (real payment)
8. Director) Agent company can provide
Step 2 Apply for Singapore MAS license
The service provided by proxy n1, representing customers submit applications to Singapore MAS MAS application materials
(1) Business plan
(2) Counter -terrorism anti -money laundering plan
(3) Audit report
(4) Compliance report
(5 ) Accounting report
(6) Company structure
(7) Articles of Association Plan
(8) Operation Plan
(9) Customer background data survey plan
(10) Related information of directors and shareholders
3, after submitting the information on behalf of the customer, wait for the review of Singapore MAS
4, after receiving any opinion from Singapore MAS, represent the customer to reply and modify the application
5, review and approval Complete the application license
In the environment of blockchain and cryptocurrencies in many countries around the world, Singapore is a hot land for the development of blockchain. Under the guidance of the Singapore government's "not seeking zero risks and not stifling technological innovation" in the Singapore government, the fintech industry, including blockchain and digital currency, will bring huge imagination to the new economic growth of Singapore's economy.
dresser locked jewelry boxes wholesale As the most booming country in Southeast Asia, Singapore has also reached the top in the electronic asset industry, and has attracted much attention to the financial innovation form of digital currency. The Payment Services Act was officially legislated on January 14, 2019 by the Singapore Parliament. This bill will directly affect many digital currency exchanges, wallets and OTC platforms in the Singapore market, and will comprehensively supervise related businesses from two directions: risk control and compliance. Under the new "Payment Service Act" by the Singapore Economic Management Bureau, the two regulatory frameworks are parallel, and they are: "specified system" and "license system". The "license system" is a regulatory framework set up to better conform to the flexibility of the market. There are three types of licenses: "currency exchange" licenses; "standard payment institutions" licenses; and "large payment institutions" licenses.
The scope of the regulatory of the license system includes the following seven businesses:
Chocks opening service
Domestic remittance services
international remittance services
commercial procurement services n commercial procurement services n R N Electronic Payment Service
Payment Tonglin Service
Currency exchange service
For redemption services, the direction of supervision is similar to the existing MCRBA bill; because the business scale of the business itself is small, the risk involves is low, so the regulatory scope of this license is also small.
The second category "standard payment institution" license:
C supervision of the commercial combination of the above 7 services, but there is a requirement for the upper limit of the payment or transfer amount, that is, a one, that is, a one The average monthly amount involved in the year does not exceed S $ 3 million, or the average daily electronic payment flow of electronic payments per day in the year does not exceed S $ 5 million. Due to the small quota, the application requirements for this license are also low, providing innovative financial companies with a loose environment similar to "permanent sandbox".
The third category of "large payment institutions" license:
The supervision exceeding all businesses set by the "standard payment institution" license, which is equivalent to the "Standard Payment Institution" license Upgraded version.
If the company's business volume reaches the following two situations, you need to apply for a "large payment institution" license: the licensee provides account opening services, domestic remittance services, international remittance services, commercial procurement services, commercial procurement services , One or more in the payment -type certification service, the total monthly transaction volume of a monthly business exceeds S $ 3 million or the total transaction volume of a month or above is more than 6 million yuan;
Provide electronic payment services, with average daily electronic payment of more than 5 million yuan.
The due to greater amounts involved, higher risks, stricter requirements for approval of licenses, and wider regulatory scope.
In summary, Singapore's digital currency transactions involve payment token transactions (payment tokens, such as: Bitcoin), all need to apply for the third " Large -scale payment institutions "licenses.
The compliance plan procedure:
This must formulate compliance plans and supervise by compliance officers. The compliance officer is responsible for supervising all aspects of anti -money laundering and anti -terrorism financing, including but not limited to:
Coloning the identity information of customers;
All reports and records required by laws and regulations;
The monitoring transactions and investigating any major deviations in normal activities;
E implementation record management systems in order to store and retrieve documents, documents, forms, and logs; r; r;
The risk assessment regularly;
In the law enforcement department provides information according to the requirements of the applicable laws and regulations;
A compliance officers have the right to interact with the law enforcement department, and the law enforcement department participates in preventing money laundering, funding terrorism and other illegal illegal illegal Activity
The understand your customer program:
as a payment business, you must verify the identity of customers for certain activities and transactions. Part of your customers include the following methods to identify customers, and to conduct some additional activities, as shown below:
Coloning some information to identify customers Other people associated;
Adifying the identification information obtained;
If the customer is not a natural person, please identify and verify the identity of the customer's acting natural person;
The identification and verification procedures of the benefit owner;
The information about the nature and purpose of the expected business relationship in the place where the business relationship is to be established; R n After establishing business relationships, check the adequacy of customer information regularly
Legal requirements:
At least one natural person shareholder can be held as a legal person shareholder; r;
The at least 2 local directors (for Singapore citizens, holding permanent residents or employment permits), one execution and non -executive director each;
must appoint 1 company secretary;
The company permanent business office office And employees;
The compliance department and staff;
review requirements;
Mas inspection/survey;
technology risk management;
n person.
Minimum capital requirements:
Standard payment institution license: 100,000 new coins
Large payment institutions license: 250,000 S $ 2
Pay margin to MAS:
The average monthly transaction volume is less than 6 million S $ 6 million: pay the deposit 100,000 S $ 100,000
Other situations: Payment of S $ 200,000
This required files:
The passport certificate of personal shareholders and directors (one person)
bills/address certificates of personal shareholders and directors
The charter, commercial registration, certificate
The passport notice of the holding company and director, the bill/address certificate within three months R N Company Registration Certificate
The financial statements of the company or group in the past three years
Organizational architecture diagram
The business plan n equity architecture chart n R N Labor Certificate and resume
The application form template
UCG service content
Colidation of local companies
application information for assistance to prepare
aml process establishment, anti -money laundering anti -terrorism terrorism Compliance
The local compliance officer required by MAS
This Singapore Financial Administration (MAS) submitting application
Inned application to assist in management
r after the application is successful
r
The application process: 3-4 months
opal jewelry wholesale Hello, I am glad to answer this question
Today, let's understand the Singapore MAS. At present, the hottest licenses are issued by the Singapore Financial Administration.
In December 20, 2019, Yixun spread throughout the entire circle of friends. Singapore officially opened the application for crypto trading licenses. In many countries around the world, the supervision of blockchain and cryptocurrencies is not yet clear. It is a hot land developed by blockchain. Under the guidance of the Singapore government's "not seeking zero risks and not stifling technological innovation", the Singaporean government, the fintech industry, which is a fintech industry, will bring a huge imagination.
The Singapore government has always been in a very friendly state for blockchain projects. As soon as this news can be seen, the Singapore government's support for blockchain items also indicates the importance of compliance. Once the Singapore license must be a license to apply for many exchanges, everyone is guessing who will be the first exchanges to get the Singapore license. Let me introduce the details of the Singapore MAS license
Singapore MAS regulatory license type:
1 "currency exchange" license (G class):
currency exchange cards are used to exchange currency services. Low.
2 The "Standard Payment Institution" license (SPI):
The license in the account opening, domestic and overseas transfer, commercial procurement, electronic payment, currency exchange industry, restrict the payment/transfer amount, that is, the average annual annual annual average The monthly business involves ≤ 3 million SGD/or an average monthly business involved in the flow of water ≤6 million SGD.
3 "Large Payment Institutions" license (MPI):
The business involved in the industry listed in the "standard payment" license, and the license approval is more strict.
If in accordance with the regulations of the Singapore Monetary Authority, the regulatory payment business and license category
regulated and license types
Guidelines, the following 7 types of business types need to apply for a payment license
Singapore license application requirements:
1, register a Singapore individual company, end with PTE LTD
2, Directors information: passport address certificate (New directors need to have sufficient operating experience in the payment service industry
or the relevant areas of the financial service industry)
3, registered company capital: "Standard payment institution license": 100,000 S $ 100
( Note: You need to pay) "Large Payment Institutional License": 250,000 S $ 2
4, Registration Address: Real office and at least one staff member.
5. You need to pay the guarantee deposit to MAS:
-If the applicant's any payment business is average per month u003C600
million S $ 10,000
-Other situations: Pay the guarantee of S $ 200,000
The above is some of the content shared by the editor. If you don’t understand, please consult
wholesale metal wire not jewelry not craft The Singapore government has always been in a very friendly state for the blockchain project. As soon as this news, it can be seen that the Singapore government's support for the blockchain item also indicates the importance of compliance. It must be a license to apply for the application for many exchanges. Everyone is guessing who will be the first exchange to get the Singapore license. Here is a detailed introduction to the details of the Singapore MAS license
Singapore MAS regulatory license type:
1 "currency exchange" license (G class):
Cur currency exchange cards are used to exchange currency services. The business scale is small and the risk is low.
2 The "Standard Payment Institution" license (SPI):
The license is in the account opening, domestic and foreign transfer, commercial procurement, electronic payment, currency exchange industry, payment/transfer transfer The limit is limited, that is, the annual average monthly business involves ≤3 million SGD/or the annual average monthly business involves flowing water ≤6 million SGD.
3 "Large Payment Institutions" license (MPI):
The business involved in the industry listed in the "Standard Payment" license, and the license approval is more strict.
In accordance with the regulations of the Singapore Monetary Authority, the regulatory payment business and license category
Regularized and license types
The bill "and the
" New Guide "announced yesterday, the following 7 types of business types need to apply for a payment license
, Register a personal company in Singapore, end with PTE LTD
2, Directors Information: Passport Address Certificate (New Directors need to pay the service industry
or the financial service industry related to the financial service industry Fields have sufficient operating experience)
3, registered company capital: "Standard payment institution license": 100,000 S $ 100
License: 250,000 S $ 2
4, registered address: need actual office and at least one staff member.
5. You need to pay the guarantee deposit to MAS:
-If any payment business of the applicant is the average monthly transaction volume u003C600
r
0,000 S $ 10,000: Payment 100,000 S $ 100,000
-Other situations: Payment of Singapore Coin