The number of startups registered in Singapore has increased considerably in the last year due to the development of most industries, fintech being among the economic sectors growing the most. If starting a company is quite simple and does not imply too much money, running it could generate higher costs and this is how the concept of crowdfunding started becoming popular among investors seeking to raise money for their projects. However, in order to gather money through crowdfunding, one must have a platform which creates the means to obtain financing.
In order to allow for companies to raise funds through crowdfunding, the Monetary Authority of Singapore (MAS) has recently regulated the creation of crowdfunding platforms. Our Singapore company formation consultants can offer information on the latest laws governing the opening of a crowdfunding company.
The video below shows how to create a crowdfunding company in Singapore:
The law provides for the following types of crowdfunding companies in Singapore:
Our company formation specialists in Singapore can assist with the registration procedure when starting a crowdfunding business in the city-state.
Singapore is a Southeast Asian financial technology hub which implies a strong framework which provides for the legal ways in which money can be raised through crowdfunding. Last year, the MAS announced a new rule which applies when opening a crowdfunding company and that is a licensing phase right after the Singapore company formation process is completed.
The new legislation provides for the following:
Foreign investors interested in starting a crowdfunding platform can request the services of our company formation agents in Singapore. Please feel free to contact us if you have questions about opening a crowdfunding company in Singapore.