To obtain an R1 license, applicants must:
The key distinction? An R1 license holder can only manage funds for: r1 license singapore
: For highly skilled workers with a minimum fixed monthly salary of $1,600 and a pass in the SEC(K) test at a higher skill level. To obtain an R1 license, applicants must: The
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). How do you value assets
If you have a single family office managing only your own money, you likely don't need an R1. If you manage third-party money, you do.
Incorporation of a Singapore Private Limited (Pte Ltd). Step 2: Hiring of local directors and compliance staff. Step 3: Drafting the "Living Document"—the Compliance Manual (often 200+ pages). Step 4: Submission via MAS’s online portal (Form 1). Step 5: The "Q&A" Phase. MAS will send 3-4 rounds of probing questions. They will challenge your valuation methods, your business viability, and your AML/KYC processes.