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Financial Licensing Services
End-to-end licensing support for financial services businesses in Singapore and key global financial centres.
Financial Licensing Services
End-to-end licensing support for financial services businesses in Singapore and key global financial centres.
Eltoma (Singapore) Pte. Ltd. assists companies in obtaining the necessary regulatory approvals to operate in the financial sector, from preparing licence applications to ensuring post-licensing compliance. We work with both start-ups and established institutions to meet licensing requirements efficiently, accurately, and in full compliance with applicable laws.
Who we assist:
- Payment service providers under the Payment Services Act 2019 (PSA).
- Fund managers and investment advisers under the Securities and Futures Act 2001 (SFA).
- Financial advisers licensed under the Financial Advisers Act 2001 (FAA).
- Corporate service providers (CSPs) registered with the Accounting and Corporate Regulatory Authority (ACRA).
- Brokerage and trading firms, foreign bank branches, and other regulated financial institutions.
- Virtual asset service providers (VASPs) seeking licensing in crypto-friendly jurisdictions.
Our Services Include:
- Reviewing your business model, products, and client base to determine licensing requirements.
- Advising on licence type, class, and exemptions available.
- Providing a regulatory roadmap with timelines and application steps.
- Drafting application forms and supporting documentation in accordance with MAS requirements.
- Preparing business plans, financial projections, and compliance frameworks.
- Collating fit-and-proper declarations, track records, and background checks for key personnel.
- Designing AML/CFT policies in line with MAS Notices and FATF recommendations.
- Drafting compliance manuals, internal controls, and operational guidelines.
- Advising on governance structures, including the appointment of compliance officers, auditors, and risk managers.
- Managing correspondence and queries from the MAS or other licensing authorities.
- Attending regulatory interviews and meetings alongside client representatives.
- Providing clarifications on business models, risk management, and compliance measures.
- Preparing and submitting ongoing regulatory reports and returns.
- Conducting compliance reviews and gap analyses to maintain licence standing.
- Updating internal policies in response to regulatory changes.
- Advising on licensing in other reputable jurisdictions such as Hong Kong, Cyprus, the UK, and the Cayman Islands.
- Coordinating with local legal counsel for multi-jurisdictional licensing projects.
- Preparing application packs to meet foreign regulators’ requirements.
How it works?
We work hard every day to make life of our clients better and happier
- Initial consultationConfirm licensing requirements and identify compliance gaps.
- Documentation phaseDraft, collate, and prepare the licence application.
- Regulatory submissionLiaise with MAS or relevant authority during the approval process.
- Licence issuanceAssist with operational set-up and compliance onboarding.
- Ongoing supportEnsure continuous compliance and timely reporting.
Compliance anchor points:
- Securities and Futures Act 2001 (SFA) – licensing of capital markets services.
- Financial Advisers Act 2001 (FAA) – licensing of advisory services.
- Payment Services Act 2019 (PSA) – licensing of payment service providers.
- Trust Companies Act 2005 (TCA) – regulation of trust service providers.
- MAS Notices and Guidelines – sector-specific compliance requirements.
Deliverables:
- Fully prepared and submitted licence application.
- Regulatory-compliant business plan and compliance framework.
- AML/CFT policy manual and internal controls documentation.
- Post-licensing compliance calendar and reporting templates.
Why choose Eltoma?
-
Proven track record – successful applications for payment, fund management, and advisory licences. - Regulatory expertise – deep understanding of MAS and other global regulators’ requirements.
- Full-service approach – from eligibility assessment to ongoing compliance.
- Cross-border capability – licensing support in multiple reputable jurisdictions.
- Integrated solutions – legal, tax, and corporate services under one provider.
FAQs:
- Depending on the licence type and complexity, the process may take between 4 to 12 months.
- Yes — we can advise on and prepare exemption applications where applicable.
- Yes — we offer outsourced compliance services on a retainer basis.
- Yes — including PSA licensing in Singapore and VASP registration in other jurisdictions.
- Yes — we regularly work with foreign firms establishing a regulated presence in Singapore.
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