R1 License Singapore May 2026

Singapore has solidified its status as a global asset management hub, housing over $4 trillion in assets under management (AUM). For any firm looking to manage investor funds from this financial powerhouse, the Monetary Authority of Singapore (MAS) requires a license. If you are starting small or managing only sophisticated investors, the R1 License (CMSL for Fund Management) is likely your entry ticket.

You must maintain at least S$250,000 in financial base capital at all times. This is not a "use it for rent" fund; this is risk capital held in the company. r1 license singapore

You need at least two full-time directors with at least 5 years of relevant experience in fund management. Crucially, at least one of these directors must be a CEO/Executive Director based in Singapore. Singapore has solidified its status as a global

MAS wants to see your playbook. How do you value assets? How do you handle conflict of interest (e.g., side pockets)? How do you prevent money laundering? You need a robust Compliance Officer (often outsourced to a boutique firm initially). The Application Timeline (The Hard Part) Don't believe anyone who says you can get an R1 in 2 weeks. The standard timeline is 4 to 6 months from submission to approval. You must maintain at least S$250,000 in financial

The R1 is not for the faint of heart, but for serious asset managers, it is the only professional way to play in Asia’s wealthiest sandbox. Disclaimer: This post is for informational purposes only and does not constitute legal advice. You should consult a licensed law firm in Singapore regarding your specific fund structure.

Navigating the R1 License in Singapore: A Blueprint for Fund Managers