Employee managing the applicant's business of regulated dealing or business as an intermediary. Other person holding an analogous position involved in the management of the applicant Please provide the NRIC/FIN/Passport of the person holding an analogous position involved in the management of the applicant and the outlet manager/ person in-charge of the outlet (if applicable)įor foreigners / foreign business entities, please provide the FIN/Passport of the following persons: Otherwise, it will be $350 per outlet per year.
Precious gems singapore registration#
Registration Fee - Registration fees for new applicants and renewal applications where the net price of every precious stone, precious metal, precious product or asset-backed token that is or is to be sold by the registered dealer is less than $2,000 apiece, will be $250 per outlet per year. Īpplicants must pay an application fee of $120, payable upfront upon submission of new application. You can get more information on regulated dealers on Minlaw website at. Registration Fees (Inclusive of GST): $350 per outlet annually Registration Condition: The registered dealer is allowed to sell precious stones, precious metals, precious products or asset-backed tokens of any value. Registration Fees(Inclusive of GST): $250 per outlet annually Registration Condition: The registration is subject to a condition that the net price of every precious stone, precious metal, precious product or asset-backed token that is or is to be sold by the registered dealer be less than $2,000 apiece. Registration Fee - Registration fees for new applicants and renewal applications where the net price of every precious stone, precious metal, precious product or asset-backed token that isor is to be sold by the registered dealer is less than $2,000 apiece, will be $250 per outlet per year. Under section 6 of the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act, you are a regulated dealer if you (a) manufacture, import, sell, offer for sale, possess for sale, or purchase for the purpose of resale any precious stone, precious metal or precious product (PSM) (b) sell or redeem any token, certificate or other instrument backed by one or more PSMs that entitles the holder to the PSM or part of it or (c) act as an intermediary for (a) or (b).Īpplication Fee - Applicants must pay an application fee of $120, payable upfront upon submission of new application. Pawnbrokers will be excluded, as they are already subject to AML/CFT measures under the Pawnbrokers Act. Examples of "regulated dealers" who carry on business as intermediaries for "regulated dealing" include auction houses and trading platforms. *Examples of "regulated dealers" who carry on a business of "regulated dealing" include jewellers, bullion traders, jewellery wholesalers, jewellery retailers and secondhand goods dealers. persons who carry on a business of "regulated dealing*", or carry on business as an intermediary for "regulated dealing". The regulatory regime covers persons who are regulated dealers* i.e. More information on requsite information/ documents are available at. Please use GoBusiness Licensing on desktop to use all features.Ĭontinue to GoBusiness Licencing anyway Application Detailsįor businesses that conduct regulated dealing (in precious stones, precious metals, precious products or asset-backed tokens) or as an intermediary for regulated dealing.īefore applying: Please ensure that you have the requsite information/ documents. You can only view application details and make payment via mobile. Please use desktop / laptop to apply for this licence.
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