Please enter your username or email address. You will receive a link to create a new password via email.
45+ M&A Experts Worldwide
2500 Available Listings
150000 monthly page views
+150% Traffic / Month
Key Singapore CMS Forex License Features and Benefits
• Setting up a financial firm in Singapore, one of the World’s leading Financial Centre
• Regulated by the Monetary Authority of Singapore (MAS) voted one of the best Central Bank in
the World
• Low Corporate Tax of 17%
• No withholding tax on dividends and interest
Details of this transaction
1. The Firm was incorporated in 1999, licensed in late 2010s.
2. Shares capital requirement is SGD2,000,000 (about USD1,500,000).
3. Liquidity requirement as prescribed by MAS is SGD1,000,000 (about USD750,000)
4. Capital Markets Services License include the following permissions:
a. Dealing in Capital Markets Products
i. Spot Foreign Exchange Contracts for the Purposes of Leveraged Foreign
Exchange Trading;
ii. Over-The-Counter Derivatives Contracts.
5. The Firm also received Exempt Financial Adviser status and is allowed the following
exception:
a. Advising on Investment Products
i. Spot Foreign Exchange Contracts for the Purposes of Leveraged Foreign
Exchange Trading;
ii. Spot Foreign Exchange Contracts other than for the Purposes of
Leveraged Foreign Exchange Trading;
iii. Over-The-Counter Derivatives Contracts.
6. License Limitations:
• Able to provide services to High Net Worth Individuals.
• Able to provide services to Professional Clients/Institutions.
7. The Firm is attractive to buyers who wants to be a Liquidity Provider servicing the B2B
markets or provide FX brokerage services to accredited and high net worth investors (less
retail clients).
8. Possible to apply for upgrade to include servicing retail clients or additional permission to
include Fund Management.
9. Purchase price of the firm comes with the following:
a. 1 x Operating Bank Account
b. 1 x Clients’ Assets Holdings Bank Account
c. 1 x Metaquotes MT5 license
10. The Firm has a clean client record with no open or unresolved legal issues.
11. The Firm does not have local directors or licensed representatives but Desfran is able to
assist in the hiring process.
12. Buyer have the choice of taking over current office location or seek new premise and Desfran
is able to assist.
Updated on January 15, 2021 at 6:10 am
Property ID: | L#20210002 |
Property Type: | Banks |
Property Status: | For Sale |
Asking Price: | $4M |
Country: | Singapore |
State: | Singapore |
City: | Singapore |
Bank for Sale in Tennessee, United States for Sale with Unrestricted Bank License. This Bank is in Good Standing and a comes with a clean Balance sheet with zero liabilities. .Bank for Sale with Total Assets of less than 50 Millio ...
Banks
deposits certificates of deposit (ie. fixed deposits or CDs) savings accounts cash management accounts checking accounts money market accounts funds transfer services (wire-transfers) certified checks and ...
Banks
Licensed Swiss Asset Management Companies for sale We have one turn-key, fully licensed Asset Management companies for sale, with bank account for EUR 425,000. The company is grandfathered from the new rules until 1 January ...
Banks