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Digital Tokens (DTs)

Fund Management Companies in Singapore

CMS licence application

How to apply for the CMS licence?
Capital Markets Services licence application: Requirements and Assessment criteria
Exemption from CMS licence requirement for dealing in capital markets products
Application for changing/adding on to the scope of its activities
What are the penalties for carrying on any type of regulated capital markets activity in Singapore without a licence?
Are there minimum entry and examination requirements for representatives of holders of CMS licence?

Tax for Fund Management Companies

What are the tax considerations of doing business in Singapore?
What Tax Exemptions/Incentives are available for Managed Funds?
How to apply for tax incentive schemes?
What are the minimum business spending requirements for the 13O and 13U tax incentive schemes?
What constitutes "local investments" to satisfy the 10% or $10 million minimum spending on local investments under 13O and 13U requirements?
The tax incentives have an annual business spend requirement. What constitutes Business Spend?
When awarded the 13O or 13U Incentive, how is the Business Spend requirement determined? Is first year pro-rated?

Licensing and registration for Fund Management Companies

When do I need to be registered or have a license to operate a fund?
Must I incorporate a Singapore company to run a FMC? Do I need a physical office?
What are the licensing criteria and applicable requirements for fund management companies?
Can I commence business activity once I have commenced application for a Fund Management License or Registration?

Tax on crypto and crypto assets

How are cryptocurrencies taxed in Singapore?
What are the tax implications of accepting cryptocurrencies?
How should I record a payment transaction if my business accepts/uses crypto as a method of payment?
GST treatment of cryptocurrencies
How should payment tokens be valued when paying tax?
Is the sale and purchase of Non-fungible Tokens (NFTs) taxable?
Are cryptocurrencies taxed in the BVI?

Cryptocurrency regulations in Singapore

Digital payment token (DPT) Service

Digital Payment Token (DPT) service definition
What types of DPT services are regulated under the Payment Services Act?
What are the restrictions on advertising DPT services in Singapore?
Is the transfer of DPTs considered a DPT service under the PS Act?
What is MAS's view of provision of custodian wallets as a DPT service provider's activity under PS Act?
How will the amendments to the Payment Services Act affect blockchain platforms in the future?
Will MAS regulate brokering DPT transactions under the Payment Services Act?
How might the upcoming Omnibus Act affect parties involved in cryptocurrency-related activities?

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