Setting Up

Financial Sector Schemes

Financial institutions with substantive business plans to establish or expand their operations in Singapore may apply for MAS tax incentives or grant schemes under the Financial Sector Development Fund. Successful applicants must satisfy rigorous requirements with respect to the scale and quality of activities to be conducted here.

Applicants can also avail themselves of the training grant schemes and scholarships available under the FSDF to deepen staff competencies and build specialist talent within their organizations.
If you wish to enquire more on the schemes, please email us at contact_mas@mas.gov.sg.

Asset Management

Find out more about the regulatory regime and licenses for the asset management industry in Singapore at our Regulations.

See the full list of players in the Asset management industry in our Financial Institution Directory.

Find out more about the volume of Asset Management activities in Singapore through the latest Asset Management Survey.

Banking and Private Banking

Find out more about the regulatory regime and licenses for the banking industry in Singapore at our Regulations.

See the full list of players in the banking industry in our Financial Institution Directory.

Find out more about the volume of banking activities in Singapore from our regular Statistics Bulletin.

Insurance and Reinsurance

Find out more about the regulatory regime and licenses for the insurance industry in Singapore at our Regulations.

See the full list of players in the Insurance industry in our Financial Institutions Directory.

Find out more about the Insurance industry in Singapore from our industry brochure.

Capital Market Intermediaries

Find out more about the regulatory regime and licenses for the insurance industry in Singapore at our Regulations.

See the full list of players in the Insurance industry in our Financial Institutions Directory.

Find out more about the volume of banking activities in Singapore from our regular Statistics Bulletin.

Islamic Finance

As an international financial centre strategically located in Asia, Singapore is well-placed to offer a complete suite of financial products and services, including that of Islamic finance. MAS adopts a level-playing field approach towards Islamic finance and has accommodated this growing sector within its single regulatory and licensing framework. Working closely with the Ministry of Finance and Inland Revenue Authority of Singapore, MAS seeks to ensure that Shariah-compliant products are also not disadvantaged in tax treatment vis-à-vis other financial products.

Singapore currently enjoys a diversity of local and international financial institutions offering Islamic financial services. We welcome financial institutions to play a larger role which would lead to a more vibrant and competitive Islamic finance industry. 

Find out more about Islamic finance in Singapore from the Islamic Banking brochure and the application of banking regulations to Islamic banking

Disclaimer: MAS does not endorse or recommend any institutions, products and services. This brochure is for information purposes only and may not be used for advertising or endorsement purposes.

Last Modified on 10/04/2014