Singapore CSP Registration Framework: Enhancing Transparency and Compliance
In line with continued enhancements to its regulatory framework and recent efforts to combat financial crime, Singapore is introducing a registration system for Corporate Service Providers (“CSP”).
With the passing by Parliament of the Corporate Service Providers Bill (“CSP Bill”) and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill (“CLLPMA Bill”) on 2 July 2024, Singapore is reinforcing its Anti-Money Laundering (“AML”) regime and increasing transparency around the beneficial ownership of companies and legal persons, in accordance with Financial Action Task Force (“FATF”) standards.
Comprehensive Solutions
Deliver Precision
The Maples Group brings in-depth knowledge of a wide range of investment vehicles and structures, including regulatory and investor requirements, across an extensive global network. A robust institutional-grade infrastructure coupled with a highly responsive approach to client service ensures vehicles we act on are comprehensively supported in navigating the complexities of today’s global business landscape.
Our fiduciary services team in Asia is comprised of 61 professionals based in Hong Kong and Singapore ensuring our clients benefit from local expertise in time zones convenient to them. Many of our professionals are fluent in Cantonese and / or Mandarin and read or write Chinese to business standard.
Our Services
We cater to international clients doing business in and from Hong Kong, Singapore and the wider Asia Pacific region, offering a comprehensive range of fiduciary services to British Virgin Islands, Cayman Islands, Hong Kong and Singapore entities.
Our Asia offices can provide:
Directorship Services
We provide qualified, experienced professionals, resident in Hong Kong and Singapore, to serve as independent, non-executive directors on the boards of investment funds and special purpose vehicles. Our teams have deep and varied experience across a broad range of structures and strategies, bring an unmatched level of technical expertise and can often provide Cantonese or Mandarin speakers.
Trustee Services
Independent trustees are critical to good governance and our highly experienced professionals bring a consistent approach and institutional quality service to investment funds, structured finance vehicles and other corporate bodies. We are licensed to act as a trustee in various jurisdictions and we have the relevant licenses and specialist professionals to hold voting shares of a fund or special purposed vehicle for the benefit of a charitable trust.
Formation Services
We offer full service entity formation solutions to Hong Kong and Singapore entities from dedicated and responsive professionals, enhancing risk management through protocol adherence and timely information updates.
Company Secretarial & Board Support Services
Through the provision of a comprehensive range of company secretarial and board support services, we work closely with clients to help reduce administrative burdens to allow them to focus on their core business objectives. We are able to act as the named company secretarial and registered office with the Hong Kong Company Registry and Accounting and Corporate Regulatory Authority Singapore, and utilise Nasdaq Boardvantage® technology to provide clients with effective online meeting and entity document management solutions.
Tailored Solutions Delivered
By Industry Experts
- Legal Services
- Fiduciary Services
- Fund Services
- Regulatory & Compliance
- Entity Formation & Management
Resource Hub
The following resources provide insights and updates from our experts, and more information on our service capabilities.
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Primary Contacts
GLOBAL
NETWORK
Americas & Caribbean
- Bermuda
- Boston
- British Virgin Islands
- Cayman Islands
- Delaware
- New York
- Montreal
Asia Pacific
- Hong Kong
- Singapore
Europe
- Dublin
- Jersey
- London
- Luxembourg
- Netherlands
Middle East
- Abu Dhabi
- Dubai
