How to open a crypto company in Singapore?

YOSHIE

legendary

Activity: 2086

Merit: 1759

I see lately a lot of investors or outside companies who want to do business about crypto in Singapore, before you go any further, you can communicate and see some of the laws and regulations regarding crypto business in singapore.

You can learn it below, the main thing you need to make like the quote below.
Set Up a Cryptocurrency Company in Singapore

Quote

If one wishes to open a cryptocurrency company in Singapore in this sector, they must first register one of the types of structures recognized by the Commercial Law. For a financial company to explore the cryptocurrency field, they require to obtain a special license. IT companies do not require any special permit with the Monetary Authority of Singapore for them to issue cryptocurrency.

- the company must be registered in Singapore in order to obtain such a license;
- the company must prepare a prospectus which must contain information about the token to be traded;
- the company must create an offer which does not address more than 50 private investors in a period of a year;
- the maximum value of the offer is currently set at 55 million SGD for one year.

I hope the information above can help you. And
I hope you can succeed in the business in the crypto world that you want to run in Singapore.

dansus021

copper member

Activity: 1988

Merit: 905

Part of AOBT - English Translator to Indonesia

Since crypto consider as legal in singapore according that blog post maybe creating company in there not hard. and i find dozen of venture capital like moon whale , x21 and much more that come from singapore and private usually.

noorman0

hero member

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[Nope]No hype delivers more than hope

Quote from: Ariel008 on November 24, 2021, 03:50:32 PM

is that legal if I'm not a resident of the country?

Don't know exactly what the main residence requirements of the founders are to open a company in that country. As a reference, if you opened a branch company specifically serving local residents like Binance did, I think that would be fine. It is recommended that you contact your local law firm for an accurate answer.

For now, the Singapore government seems to be tightening the regulation of cryptocurrency sector companies more. Several large companies have been banned one by one. After binance, this time huobi got a service shutdown warning.

Ariel008

newbie

Activity: 17

Merit: 0

Is that legal if I'm not a resident of the country? To be honest, Singapore has always attracted me. I've always dreamed of ever moving there and starting my own business and now I think I almost got this opportunity. 2 months ago I met a wonderful man through Facebook and got in love with him. Now I want to move there and finally run a business asap. I hope piloto asia will help me in that (visit pilotoasia.com).

amanda.higgins

newbie

Activity: 13

Merit: 0

Quote from: Palmerson on April 13, 2018, 10:05:28 AM

I think Singapore is not the best place to start a crypto business. All Asian countries are ambivalent about the cryptocurrency. They can change laws to the opposite in a short time. No, I think it's very risky. It seems to me that it is better to open such a business in Europe. It's more predictable. Besides, there are offshore zones.

Its natural to ask .. which country you find friendly or safe for company registration. ?

Palmerson

sr. member

Activity: 434

Merit: 255

Live cams shows pimped with cryptocurrency

I think Singapore is not the best place to start a crypto business. All Asian countries are ambivalent about the cryptocurrency. They can change laws to the opposite in a short time. No, I think it's very risky. It seems to me that it is better to open such a business in Europe. It's more predictable. Besides, there are offshore zones.

sunsilk

hero member

Activity: 2884

Merit: 620

Quote from: Purplefinder on April 11, 2018, 04:23:46 AM

We have the complete consultancy package to assist with your company formation in Singapore, Legal advisory, Marketing, Office space + also list your coins on our platform

In the mean time, we are getting an exchange live in less than 48 hours from now

I'm not going to avail your service but I just want to ask on what's the name of your consultancy? And what is this platform you are saying?

Can you also give that exchange / platform you are saying?

Quote from: QuynhVu2302 on April 12, 2018, 12:19:02 AM

I find the legal policy for Singaporean businesses very easy. Their policy is very open, the purpose is to attract talent

It may be very easy but it's going to cost some bucks as usual. One of the most expensive countries worldwide and center of businesses, great place to start his own crypto company.

amanda.higgins

newbie

Activity: 13

Merit: 0

There are several business registration providers will help help you open company in Singapore.

To open Exempt Private Limited in Singapore you shall expect to spend between 1000 USD to 1500 USD including government fees and service charges.

QuynhVu2302

newbie

Activity: 63

Merit: 0

I find the legal policy for Singaporean businesses very easy. Their policy is very open, the purpose is to attract talent

Tigorss

member

Activity: 308

Merit: 10

A person can open a business in Singapore easily because of the Bizfile. A system that enables anyone to register their business online in Singapore.

Purplefinder

newbie

Activity: 45

Merit: 0

We have the complete consultancy package to assist with your company formation in Singapore, Legal advisory, Marketing, Office space + also list your coins on our platform

In the mean time, we are getting an exchange live in less than 48 hours from now

Topic: How to open a crypto company in Singapore? (Read 179 times)