FORM_SUBMIT Please be as detailed as you can in this section. It informs the compliance team about the company you are about to incorporate and allows us to shorten the approval cycle Enter your website address (if any)*If website not built yet, but you have a similar offering in another market add the link here so it helps us understand your business. if you have no website, just say soExplain the business*Please explain the core business the company. How is it intending to make revenue? What does it need to put into place to operate?Customers of the company*Who are the main intended customers (e.g. retail customers, business, retailers, traders, manufacturers, FIs, government etc) for this company and where would they be located?Operating locations of the company*What are the main operating locations of the company (i.e. where Directors, Other staff, resources will be located)Directors' Credibility*What is your (executive directors') credibility in the business activity that this company will be operating in. Explain the Directors' experience in the operating fieldWhy Singapore?*Explain why do you want to incorporate this company in Singapore? Think location of customers, location of staff / resources, business environment, favorable tax ratesHow many banks are you likely to have in this company? How many and which currencies are you likely to hold money in?*Ensure you give a response to both banks and currencies. Also for currencies note that we are more interested in currencies you will hold money in rather than transact it. This helps un understand the banking complexity in your operationsWhat are the typical number of transactions you are likely to see in your company in a month across all banks?*Ballpark estimate is fine. This helps un understand the banking complexity in your operationsWhat are the typical transaction $value of a single sale and expense*Ballpark estimate is fine. Currency of your choice is fine. e.g. We are interested to know if transaction size is $50 or $50k or $500k. It gives us a sense of scale. If your biggest transactions are significantly different from your typical you can use this space to explain Explain typical nature / intent of the incoming funds. Highlight anything peculiar in incoming funds that is important to mention*Examples include customer payments, investor money, grants, cash deposts etc.Explain the typical nature / intent of the outgoing funds. Highlight anything peculiar in outgoing funds that is important to mention*Examples include salaries, rent, legal and other professional fees, subscriptions, travel, transport, etcHow much funds are likely to be deployed into the company in the first couple of years?*This is typically Directors initial capital, loans, investors, etc. You can use a currency suitable to the business such as SGD, USDExplain the source of these funds. Please go into details of each type of money invested*We appreciate a detailed response here if you are have deployed anything more than 50k SGD/ USD. If you have deployed your own funds, explain how you have come to acquire the funds. If you have acquired investor funds, list the investor names along with the amounts they have invested. The the sources of wealth list if too long and you prefer sharing this information later, do say so in this form along with a plausible reason. Do note that compliance team will need to be satisfied with the source of funds and may seek evidences on the same.Operating timeline*What is the likely timeline in which your company will commence operations (not necessary have sales, but commence revenue intending operations)? Immediately upon Incorporation 0-6 months > 6 months Will your company be owned by a Corporate Shareholder?* Yes No Explain the Corporate structure and intended transactions in the operations of the company with the Corporate Shareholder*Please list each Corporate Shareholder name, its intended relationship and its typical expected transactions with the proposed entity. At this stage we dont need the % distribution, just how the entities are expected to be transacting in the coming months of operations. Examples can include investments from the parent, loans from the parent, brand licensing, services performance fee, etc.Will your company be holding investment assets such as properties, shares in other companies, subsidiaries, other investments?* Yes No Explain the nature of the investments*Please explain all intended or possible investments planned for this companyProvide the (SGD) $ value of the amount of investment expected in the next 2 years*Source of Wealth for Investments*Explain the source of wealth for these investments. If the investments are not from trading income of the company, also keep proof of this wealth handy in case the compliance team later requests this evidenceTypical investment sell horizon*Explain the typical investment sell horizon (i.e. how long will the investments be held) - days, months, yearsWill your company be holding, trading or have any crypto currencies dealings?* Yes No Explain how cryptos will be used in the core activities*Explain how cryptos will be used in the core activities (used for revenue generation or cost of the sale) of the business and / or in the supporting activities (e.g. payroll, bills to some vendors) for the businessMention which cryptos will be used in the business and which platform will you use to hold them*Mention which cryptos will be used in the business (for us to evaluate functional currency of the business and if we can support exchange rates for accounting).Licenses*Have you obtained any licences to operate the business? If you are in process or will do in the future, mention the licence name, jurisdiction of licensing body, term of validity and other such relevant detailsDo you deal in precious stones, precious metals or precious products or financial instruments backed by these?*Precious metals are: 1. Gold 2. Silver 3. Platinum 4. Iridium 5. Osmium 6. Palladium 7. Rhodium 8. Ruthenium 9. An alloy with at least 2% in weight of any substance mentioned in items 1 to 8. Precious Stones are: 1. Diamond 2. Sapphire 3. Ruby 4. Emerald 5. Jade (including nephrite and jadeite) 6. Pearl. Precious product means any jewellery, watch, apparel, accessory, ornament or other finished product, 50% or over value of which is due to precious metals and stones. Yes No License*Please mention you license category (Class A or Class B). If you have not yet applied for a license, let us know your timelines and plans. If you believe license is not applicable to you explain to us why. You can read more about the PSPM Act and regulatory requirements here: https://acd.mlaw.gov.sg/Will you be accepting cash payments from customers?* Yes No Are you aware of the cash reporting requirements for transactions exceeding SGD 20,000 in cash?*Read up more about this here: https://acd.mlaw.gov.sg/transaction-based-requirements/ Transactions will not exceed 20,000 in my business Transactions will likely exceed 20,000 and I am aware of the requirement and have or will put processes in place to comply to the 15 days requirement Transactions will likely exceed 20,000 but I am NOT aware and will read up on the requirements Are you aware of the Anti Money Laundering requirements?*Read up more about this here: https://acd.mlaw.gov.sg/aml-cft-cpf-supervisory-expectations/ Yes, I am aware and will define the supervisory policy and customer due diligence operations around this No, I am not aware, but I will read up on the requirements Will you be importing/exporting any goods into/from Singapore requiring clearance from Singapore Customs?*If yes and you are availing our Nominee Director service we may need to charge you extra to provide customs clearance. Yes No Tell us a little more about the imports/exports. Please answer ALL of the questions in the guidance note.*What will you import/export? How will you import/export (e.g. air, sea, etc, any freight forwarders involved) ? How frequently will you import/export? What is the estimates $ value of each import/export?