Singapore has solidified its status as a global asset management hub, housing over $4 trillion in assets under management (AUM). For any firm looking to manage investor funds from this financial powerhouse, the Monetary Authority of Singapore (MAS) requires a license. If you are starting small or managing only sophisticated investors, the R1 License (CMSL for Fund Management) is likely your entry ticket.
You need at least two full-time directors with at least 5 years of relevant experience in fund management. Crucially, at least one of these directors must be a CEO/Executive Director based in Singapore. r1 license singapore
You must maintain at least S$250,000 in financial base capital at all times. This is not a "use it for rent" fund; this is risk capital held in the company. Singapore has solidified its status as a global
MAS wants to see your playbook. How do you value assets? How do you handle conflict of interest (e.g., side pockets)? How do you prevent money laundering? You need a robust Compliance Officer (often outsourced to a boutique firm initially). The Application Timeline (The Hard Part) Don't believe anyone who says you can get an R1 in 2 weeks. The standard timeline is 4 to 6 months from submission to approval. You need at least two full-time directors with
Your fund managers must be Singapore-based. Remote management from New York or London while holding a Singapore license is not allowed.
Navigating the R1 License in Singapore: A Blueprint for Fund Managers
