Trust Company Licence (Singapore)
The Trust Company Licence is issued by Monetary Authority of Singapore (MAS) under Trust Companies Act 2005. The official register lists 67 current holders. The application fee is SGD 1,000. Ownership changes need the regulator's approval before completion.
At a glance
| Official name | Trust Company Licence1 |
|---|---|
| Also known as | LTC · Licensed trust company · Singapore trust company licence · MAS trust company licence · Trust Companies Act licence (Singapore) · Singapore trust licence |
| Issued by | Monetary Authority of Singapore |
| Jurisdiction | Singapore |
| Licence family | Trust and corporate service provider (TCSP) |
| Legal basis | Trust Companies Act 20052 |
| Passporting | Domestic only |
| Application fee | SGD 1,0002 |
| Annual fee | SGD 4,0002 |
| Public register | official register1 |
| Current holders | 671 |
What it lets you do
| Trust and company services | Forming companies, acting as or arranging directors, nominee shareholders and trustees, and providing a registered office. |
|---|
Where it is valid
Cost
Buying a company that already holds it
Prior approval required. Under Section 28 of the Payment Services Act 2019, prior written approval from MAS is required before a person becomes a 20% controller of a licensee (holding 20% or more of shares or voting power, or exercising effective control / power to determine policy). Under Section 97A of the Securities and Futures Act 2001 (as amended by Act 12 of 2024 effective 24 January 2025), prior written approval is required before obtaining effective control of a CMS licensee (20% share capital or voting power, or power to direct policy). Applications are submitted online via MAS-Tx (Form 3A for PSA, Form under SFA s.97A). Incurring control without MAS prior approval constitutes a criminal offence punishable by fine up to SGD 150,000 and/or imprisonment.3
TCSP in other countries
| Country | Licence | Regulator | Min. capital | Application fee | Statutory time |
|---|---|---|---|---|---|
| Cayman Islands | Trust Licence / Nominee Trust Company LicenceTrust Licence / Nominee Trust Company Licence under the Banks and Trust Companies Act | CIMA | n/a | n/a | n/a |
| Cyprus | Administrative Services Provider (ASP) authorisation | CySEC | n/a | n/a | n/a |
| Estonia | Authorisation for providing trust and company services | FIU | n/a | EUR 345 | ~2.8 mo |
| Malta | Company service provider authorisation (Class A, B, or C) | MFSA | n/a | n/a | n/a |
| Netherlands | Trust office licence (Vergunning trustkantoor) | DNB | n/a | EUR 4,500 | n/a |
| Seychelles | International Corporate Service Provider (ICSP) LicenceInternational Corporate Service Provider (ICSP) Licence under the International Corporate Service Providers Act 2003 | FSA | n/a | n/a | n/a |
| Singapore | Trust Company Licence | MAS | n/a | SGD 1,000 | n/a |
| Switzerland | Trustee licence | FINMA | n/a | n/a | n/a |
Values come from each licence's page, where every figure has its source.
Sources
- eservices.mas.gov.sg: institution · retrieved 2026-09-24
- sso.agc.gov.sg: TCA2005 · retrieved 2026-09-24
- sso.agc.gov.sg: PSA2019 · retrieved 2026-09-24
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