R1 License Singapore Jun 2026

Singapore has solidified its status as a global asset management hub, housing over $4 trillion in assets under management (AUM). For any firm looking to manage investor funds from this financial powerhouse, the Monetary Authority of Singapore (MAS) requires a license. If you are starting small or managing only sophisticated investors, the R1 License (CMSL for Fund Management) is likely your entry ticket.

The R1 license is a category of driving license issued by the Land Transport Authority (LTA) in Singapore. It is also known as the "private car license" and allows holders to drive private cars, including cars with a maximum laden weight of 3,000 kg and not more than 8 passenger seats. r1 license singapore

However, do not DIY this. Budget in legal and compliance fees for the setup. Hire a specialist law firm (WongPartnership, Allen & Gledhill, or a boutique like Gateway Law). Singapore has solidified its status as a global