Q: If I forward money from a Singapore entity to a US Client, would the Singapore entity need any licenses?
The US Client is using a payment gateway to accept payments, that are being processed by the Singapore entity. Singapore entity is then transferring the money to the US entity (minus fees)
A: From whom? For what? It is not illegal and no licenses are required by US law to transfer money to a US entity or person, but there may be issues in Singapore or issues involving other aspects of the transaction. If I’m doubt, run the transaction past a lawyer in a consult. Often, consults can be purchased as independent services.
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