MONETARY AUTHORITY OF SINGAPORE (MAS)Required to operate

Trust Business Licence

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.

Processing time: available on the agency's website
Issuing authority: MONETARY AUTHORITY OF SINGAPORE (MAS)

Need help applying for this licence?

We handle the full application — document prep, agency liaison, follow-up — alongside your incorporation.

Who needs the Trust Business Licence

This licence applies to Singapore businesses registered under the following SSIC industry codes:

Required to operate64300 — Trusts, funds and similar financial entities (except those with rental income)
Includes: 64300 Trusts, funds and similar financial entities (except those with rental income)

Get a quote — incorporation + this licence

We package this with your company setup so you launch with the licence already approved.

Who needs the Trust Business Licence

Other MAS licences