Episode 11: Why Singapore is a Magnet for FinTech Companies

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• 00:01  Introduction about InCorp Global by COO Alton Neo & CBDO Eric Chin
• 00:25  Episode 11 introduction about RHTLaw Asia, and FinTech in Singapore
• 01:04  Introduction by RHTLaw Asia Partner: Ms. CH’NG Li Ling
• 02:01  What are the main reasons why Singapore has been a magnet for many of FinTech firms in the financial sectors and ePayment space?
• 02:40  Singapore Government Pro-business legal regulations, licensing, tax policies and initiatives in financial services
• 04:40  Singapore’s Variable Capital Company (VCC) fund structures and wealth management
• 05:21  VCC Act, Family Office Structures and Asset Wealth Management policies by MAS (Monetary Authority of Singapore)
• 08:50  Single Family Offices (SFO), VCC and Payment Services Act
• 10:20  Payment Services Act and FinTech operation licensing requirements
• 13:50  MAS regulations and licenses for FinTech business setup operations
• 14:07  Process stages for Payment Services Act licenses applications
• 16:47  Estimated Timeline for FinTech business licenses applications
• 18:37  What companies can do before and pending MAS application process
• 19:55  Thank you RHT Law and ending summary wrap up by InCorp

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