Regulatory Tax Framework Fund Management Companies Singapore

Regulatory Tax Framework Fund Management Companies Singapore

Top economies around the globe are stressing on innovation in order to boost their economic growth. And, Singapore ranks as the top most innovative economy in the entire Asia and seventh in the world as per the 2017 Global Innovation Index. Moreover, as per the October 2017 data from International Monetary Fund, Singapore has a gross domestic product (GDP) of USD 316.87 billion and the adjusted for purchase power (PPP) per capita of around USD 55,230. These are the primary reasons for leading economic growth in Singapore.

Being a global financial and innovation hub in Asia, Singapore is well-positioned to capitalize on the economic expansion. Recognising such opportunities, many fund management companies are establishing their businesses in Singapore.

Even the government of Singapore is promoting the region as a key fund management centre in Asia. In addition to the government support, robust infrastructure, attractive tax environment and pro-business regulations add further in magnetising businesses to set up fund management companies in Singapore. Let us see some of the key advantages of setting up Singapore fund management companies.

Benefits of setting up a Fund Management Company in Singapore

According to the International Monetary Fund, Asia’s dynamic economies continue to lead to strong global growth, thus showing a positive outlook for the future. In addition, efficient infrastructure, abundance of resources, extensive distribution channels, sound regulatory environment and government support further ease the operations of fund management companies.

Regulatory Framework For Fund Management Companies In Singapore

With ample growth prospects, the Singapore fund management companies are developing and expanding quickly. This also poses a challenge to strengthen the regulatory framework in order to complement the growth. Therefore, the Monetary Authority of Singapore (MAS) has taken steps to enhance the regulatory framework by specifying certain conditions and restrictions that are to be abide by all the fund management companies in Singapore and licences are administered under the Securities and Future Act (“SFA”).

As per the enhanced regulatory regime, it is mandatory for all the fund management companies operating in Singapore to either register with MAS as a Registered Fund Management Company (RFMC) or apply for a Capital Markets Services Licence (CMSL) to conduct fund management as a Licensed Fund Management Company (LFMC).

Online Registration Process

Gather all Your Documents

Decide your preferred names, who will be your directors and shareholders, their details, and keep all other supporting documents or paperwork handy.

Fill out the Online Form

It takes just a few minutes to fill our online form.

e-signature on the documents we send to you

Our e-signatures are legally-valid and accepted in Singapore.

We do the filing on your behalf

We would manage the company incorporation process with the relevant authorities in Singapore.

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