Registration
| Registration | Who is Required to Register? | Registration Application Process | Information Needed | Fees and Period of Registration | I Need Help with Registration |
Registration
It is an offence if you act or hold out to be a regulated dealer without being registered or exempted. You must be registered before you commence any regulated dealing.
Enforcement actions will be conducted to detect unregistered dealers. Any person who acts as or holds out to be a regulated dealer without being registered or exempted, may face criminal penalties of up to S$75,000 in fine and/or up to 3 years’ imprisonment.
You may access the List of Registered Dealers here.
Who is Required to Register?
You are required to register with the Registrar of Regulated Dealers if you are a regulated dealer i.e. you carry on a business of regulated dealing in precious stones, precious metals and/or precious products (“PSPM”), or as an intermediary for regulated dealing in PSPMs.
Examples of regulated dealers who are required to register include, but are not limited to jewellers, bullion traders, jewellery wholesalers, jewellery retailers, secondhand goods dealers, auction houses, and trading platforms. Take this questionnaire to help you ascertain whether you are a regulated dealer.
Foreign dealers may refer here on the requirements to register.
Please refer to the PSPM Act for the official definitions. If you are not certain whether you are required to register, you may wish to seek legal advice.
Registration Application Process
You may submit your application via the GoBusiness Licensing Portal. You may refer to the GoBusiness Licensing Guide for Regulated Dealers for a step-by-step guide to the application process.
Information Needed
| Important Notice • Ensure that you have the CorpPass and UEN of the business entity that the Registration Certificate will be issued to. • You have updated your business particulars with the Accounting and Corporate Regulatory Authority ("ACRA") so that the updated information can be auto-populated in the application form. • There should only be one application per business entity i.e. one application per UEN. You can enter multiple outlets per application. • It may take around 4 weeks for the Registrar to process an application for registration before granting the registration. It may take longer if additional information is required. |
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|---|---|
| Entity | Information Needed |
| Director Partner Manager Company secretary Substantial shareholder (if you represent a company) |
1. Name* 2. NRIC/ Passport/ FIN No.* 3. Citizenship or Country/ Region of Incorporation* 4. Date of birth 5. Declaration of (a) Any investigations or convictions for offences related to fraud, dishonesty, money laundering or terrorism financing; (b) Any bankruptcy, insolvency or liquidation; (c) Any lawsuit the person was a party to; and (d) Any breach of AML/CFT requirements * Information is auto-populated for ACRA registered entities |
| Person holding an analogous position involved in the management of the applicant |
1. Name 2. NRIC/ Passport/ FIN No. 3. Citizenship or Country/ Region of Incorporation 4. Date of birth 5. Declaration of (a) Any investigations or convictions for offences related to fraud, dishonesty, money laundering or terrorism financing; (b) Any bankruptcy, insolvency or liquidation; (c) Any lawsuit the person was a party to; and (d) Any breach of AML/CFT requirements |
| Outlet manager | |
| Compliance officer | 1. Name 2. NRIC/ Passport/ FIN No. 3. Citizenship or Country/ Region of Incorporation 4. Date of birth 5. Email address 6. Mobile number |
| Business Particulars | Information Needed |
| Address | 1. Registered address* 2. Operating address 3. Mailing address 4. Outlet address 5. Business telephone number 6. Business fax number 7. Business email address * Information is auto-populated for ACRA registered entities |
| Products | Type of precious stones, precious metals and precious products |
| Activities | Wholesale, manufacturing, retail, etc. |
Supporting documents to be attached to the application form: • For applicants who have directors, partners, managers, company secretary, outlet managers, substantial shareholders who are foreign nationals, you should attach a copy of their foreign photo identification document such as passport. • For applicants who have corporate shareholders, you should attach a copy of your shareholders’ registration information (including particulars of directors, partners, managers, company secretary, outlet managers, substantial shareholders). • For applicants who have more than one layer of corporate shareholders, you should attach your organisation structure/ chart up till the individuals who own the group. For listed corporate shareholders, you do not have to provide the name of all your shareholders. You should still provide a list of those who hold more than 5% shares of the listed company. |
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Fees and Period of Registration
Fees
Regulated dealers must pay an application fee of S$140 for each application to register with the Registrar. All payment must be made through GoBusiness Licensing Portal using the following e-payment methods: PayPal, VISA, MasterCard, American Express or Discover.
If the Registrar provides in-principle approval for your application, regulated dealers must pay a registration fee of S$300 per place of business per year calculated based on the number of outlets you operate and the period for which you register.
| Application fee | Registration fee | |
|---|---|---|
| Sum payable |
S$140 per application |
S$300 per place of business per year of registration |
Period of registration
An applicant may apply for a specific class of registration that will determine the period of registration, i.e.:
- Class 1 (1 year duration);
- Class 2 (2 year duration); and
- Class 3 (3 year duration).
For the avoidance of doubt, the Registrar has the discretion to grant a different class of registration than the class of registration applied for.
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Illustration:
Regulated dealer "ABC Pte Ltd" has two places of business: 1. one flagship jewellery outlet in Marina Bay Sands; and 2. one jewellery outlet in Bugis. ABC Pte Ltd applies for a Class 3 Certificate of Registration. ABC Pte Ltd must pay a total of S$1,940:
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I Need Help with Registration
- If you face any technical issues when using GoBusiness Licensing Portal, you may wish to refer to the GoBusiness Licensing Portal webpage or contact GoBusiness Licensing Portal Helpdesk.
- If you are not sure how to complete the application form, you may wish to refer to the GoBusiness Licensing Portal Guide for Regulated Dealers (Step-by-Step with Screenshots) or FAQs for Precious Stones and Precious Metals Dealers.