Application process for registration of business trust
Application for registration
3.—(1) The proposed trustee-manager of a business trust may apply to register the business trust by lodging an application with the Authority in such form and manner as the Authority may prescribe.
(2) An application made under subsection (1) must be accompanied —
(a) by such information or record as the Authority may require; and
(b) by a prescribed application fee which is non-refundable and must be paid in such manner as the Authority may specify.
An application for registration of a BT will cost S$2000 according to the Business Trusts Regulations.
MAS may refuse your application for registration based on a number of factors.
(2) The Authority may refuse an application to register a business trust if —
(a) the Authority is not satisfied that the application lodged has complied with section 3;
(b) the Authority is not satisfied that the proposed trustee-manager of the business trust is a company and not an exempt private company;
(c) the Authority is not satisfied that the proposed trustee-manager does not carry on any business other than the business of management and operation of the business trust in respect of which the application has been lodged;
The above list is non-exhaustive. Please refer to section 4 of the Business Trusts Act 2004 for a full list of considerations towards rejecting a BT application.