All applicants are also required to provide confirmation of payment of application fee (e.g. payment advice, bank statement transaction details) when submitting your application form.
How much is the application fee and how do I make payment?
All applicants are required to pay a non-refundable application fee of S$5,000. Please refer to Making Payments to MAS for available payment methods and the Reference Code to indicate in the reference field when making payment.
All applications will be processed promptly. The processing time typically takes about one to two months, assuming that all information has been submitted to MAS' satisfaction and the application fee has been duly received by MAS. Actual processing time depends on the circumstances of each application.