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Obtaining a financial license in Singapore

Singapore is an island city-state with a population of 5. The country is known throughout the world as an economic miracle. It ranks second in Asia in terms of living standards after Japan.

The state has many futuristic skyscrapers and the world's tallest Ferris wheel. Singapore attracts many businessmen, an acceptable tax regime, which makes it possible to successfully conduct business.

Singapore is dominated by a stable business environment, strong economic principles, sound policies and financial supervision. For this reason, many entrepreneurs from all over the world wish to establish a commercial company in an Asian country.

Here are some of the safest and safest banks on the planet. The financial sector in Singapore is regulated by the Monetary Authority (MAS). Obtaining a financial license in Singapore necessary to conduct business, in accordance with applicable law.

The company "E-COMMERCE BROKER" will help you to obtain a document for the provision of commercial services. Our specialists know all the subtleties and nuances of the procedure.

What is SVF (Stored Value Facility)?

Singapore license SVF is analogous to the European EMI. If you decide to operate in a rich, attractive country in the field of electronic payment systems, the emission of electronic money, then you cannot do without it.

In the legislation of the Asian island state, there are no strict requirements for the applicant. When the authorized bodies decide to issue a document for financial activities in Singapore, they are guided by the standards adopted by the international society.

SVF types:

  1. Single-purpose - provides an opportunity to sell a product / service to their owner. For example, you can accept funds with a document. But, you will not be able to withdraw them to pay for services.
  2. Multi-purpose - the document is devoid of restrictions, like its previous form. The client can deposit funds, make transfers from the account. But, you will need to get permission from the local regulator.

The SVF license is very popular with businessmen. Primarily due to the fact that when your depository balance does not exceed 30 million SGD, you will not be tightly controlled by the regulator.

Obtaining a license SVF happens quickly, the procedure will not take more than two months. Plus, the document makes it possible to provide commercial services in the Asian region.

Assistance provided by the specialists of the E-COMMERCE BROKER Company

The services of the E-COMMERCE BROKER Company will help you to forget that you need to deal with the registration of the legal component. We will perform all actions related to obtaining a financial license. Our services include:

  • registration of companies;
  • obtaining tax numbers for the provision of commercial services;
  • reporting;
  • opening a bank account.

We offer you a full service for obtaining business documentation. Our specialists have vast experience in this field of activity. We will accompany the activities of your company after obtaining the SVF license, we will advise you on issues related to doing business in Singapore.

Working with us, you will have a license to carry out financial activities in Singapore as soon as possible. You will be able to quickly start doing business with high income.

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