Registered business trust
A business trust constituted in Singapore and managed by a trustee-manager. It must register with MAS, the Monetary Authority of Singapore, before its units, or derivatives of its units, are offered to the public.
- Entiva fee to form
- $509
- Government fees to form
- None listed
- Run plan
- $129 a month
- Steps to form
- 1
Who it suits, and what defines it.
Governed by the Business Trusts Act 2004.
Who it suits
- Trusts managed by a trustee-manager, mostly listed infrastructure and similar trusts.
Key facts
- Manager
- A trustee-manager runs the trust
- Regulator
- Monetary Authority of Singapore (MAS)
- Registration
- Form 2 on MAS OPERA
- Public offers
- Registered prospectus and highlights sheet, unless exempt
- Accounts
- Accounts and reports under section 76
- Statute
- Business Trusts Act 2004
What the law requires.
5 rules, each in plain words.
A trustee-manager
It manages the trust's business and acts in the interests of the unitholders, who hold the trust's units.
Registration with MAS on Form 2
Applied for on MAS OPERA, MAS's online portal, before units or derivatives of units are offered to the public.
A registered prospectus for public offers
A prospectus and product highlights sheet registered with MAS, unless the offer is exempt.
Some offers are exempt from the prospectus rule
Examples are offers of at least S$200,000 per transaction and private placements to no more than 50 persons in 12 months.
Accounts and reports under section 76
The trust provides accounts, a trustee-manager directors' report and an auditor's report under the Business Trusts Act.
How Entiva forms it.
1 step. Entiva prepares and files each one, and collects every signature the law needs.
The steps
1 step- 1Register the business trust with MAS
Form 2 on MAS OPERA, with the trustee-manager appointed in the application, before any public offer of units.
Documents
8- Trust deed
- Constitution of the trustee-manager
- Business Profile of the trustee-manager from ACRA, the business registry
- Board resolution of the trustee-manager to apply
- Declarations from the directors, CEO, secretary and shareholders
- Terms of reference of the audit committee
- Evidence of the secretary's qualification or experience
- MAS registration confirmation
Who takes part
3- The trustee-manager's directors are verified as connected parties
- The secretary, who must meet the qualification rule in section 7(1), is verified
- Substantial shareholders are verified; MAS can refuse for insolvency or convictions
What Entiva does for you.
From the first filing to the last.
Registered business trust
- Checks the trustee-manager against the Business Trusts Act.Formation
- Assembles the people, board, audit committee and trust deed evidence.Formation
- Prepares the Form 2 application for MAS OPERA.Formation
- Coordinates the submission with the trustee-manager.Formation
Build it with the API.
Every step on this page is an action in the Entiva API, with its documents, signatures and filing.
What it costs, item by item.
Every Entiva fee and every government fee, from forming it to closing it.
Forming it
$509one-off
- Government fees
- None listed
Closing it
Quoted before it starts
- Entiva fee
- Fixed, quoted first
- Government fees
- At cost
Included in the Run plan
- Every deadline tracked
Forming it
Entiva's formation fee is $509, one-off. Government fees are passed through at cost.
Excludes steps marked only if needed.
Entiva fees are in US dollars. Government fees are in the currency each authority charges, passed through at cost when the filing is made. Taxes are separate.
Start with your first company.
We are onboarding a small group of founders and finance teams with entities in more than one country.