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Singapore is a global financial hub with a robust regulatory framework governed by the Monetary Authority of Singapore (MAS). Finance companies looking to operate in Singapore must obtain the appropriate license depending on the nature of their business.
The most common license is the Finance Company License in Singapore (https://enterslice.com/sg/finance-company-license-in-singapore), issued under the Finance Companies Act. This license allows companies to accept deposits and offer loans, especially to small and medium-sized enterprises (SMEs). Finance companies under this category are restricted from engaging in investment banking or insurance.

Another key license is the Moneylender's License, governed by the Moneylenders Act. It is suitable for businesses that provide small, short-term, unsecured loans to individuals. However, this license comes with strict caps on interest rates and is tightly regulated to protect borrowers.

For companies offering credit-related services without taking deposits, the Licensed Credit Bureau and Payment Services License (under the Payment Services Act) may be more appropriate. The latter is required for digital payment services, money transfer, and e-wallet operations.

Choosing the right license depends on your business model, risk appetite, and target clientele. It is essential to consult legal and regulatory experts to ensure compliance with MAS guidelines and to operate efficiently within Singapore's financial ecosystem.