Trust Business Licence

Apply for Trust Business Licence

Monetary Authority of Singapore (MAS)

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Application Details

Licensed trust companies are licensed and governed under the Trust Companies Act 2005 (TCA) and its subsidiary legislations, including the regulations, notices, guidelines and circulars issued under the Trust Companies Act.

A company which provides the following trust services may need to be licensed under the TCA:

• Creation of an express trust;
• Acting as trustee of an express trust;
• Arranging for any person to act as trustee of an express trust; and
• Providing trust administration services to an express trust.

An express trust refers to a trust that is created by a settlor (the person setting up the trust) who gives instructions as to how his or her property is to be held.