Author

Topic: How to open a crypto company in Singapore? (Read 187 times)

legendary
Activity: 2128
Merit: 1775
November 29, 2021, 10:17:55 AM
#11
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.
copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
November 26, 2021, 06:17:18 AM
#10
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.
hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
November 25, 2021, 12:52:46 AM
#9
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.
newbie
Activity: 17
Merit: 0
November 24, 2021, 02:50:32 PM
#8
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).
newbie
Activity: 13
Merit: 0
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. ?
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.
hero member
Activity: 3038
Merit: 634
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?

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.
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.
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
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.
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

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