Qualified Individual for Singapore CSP Oversight
Budget: $250 – $750 SGD
Brief: Engagement of Registered Qualified Individual (RQI)
For Corporate Service Provider (CSP) Operations in Singapore
1. Background
I am in the process of operating a Corporate Service Provider (CSP) in Singapore offering services to foreign clients, including company incorporation, corporate secretarial support, and ongoing compliance services.
Under Singapore regulations, CSPs serving foreign clients are required to appoint a Registered Qualified Individual (RQI) who is either:
A Singapore-registered Chartered Accountant (CA), or
A Singapore-qualified Advocate & Solicitor
I am seeking an experienced professional to act in this capacity on a part-time / oversight / per-client basis, suitable for a startup CSP.
2. Scope of Role – Registered Qualified Individual (RQI)
The RQI’s role is oversight, governance, and regulatory assurance, not day-to-day execution.
Core Responsibilities:
Act as the Registered Qualified Individual under ACRA requirements
Provide regulatory oversight of CSP operations involving foreign clients
Ensure CSP policies and procedures align with Singapore AML/CFT, sanctions, and beneficial ownership regulations
Review and approve:
Client onboarding frameworks
Risk-based AML/CFT policies
Enhanced Due Diligence (EDD) procedures where applicable
Be available for:
Regulatory queries from ACRA or authorities
Periodic compliance reviews
Advisory input on complex or high-risk cases
3. What the RQI Is Not Required to Do
No daily operational work
No client servicing or communications unless escalation is required
No routine KYC document collection
No bookkeeping, filing, or secretarial execution
No business development responsibilities
The CSP handles all operational tasks; the RQI provides professional oversight and sign-off where required.
4. Engagement Structure
Flexible arrangement (preferred):
Per-client onboarding fee
Suitable for:
Independent professionals
Freelance practitioners
Semi-retired or portfolio professionals
Professionals seeking low-touch oversight roles
5. Ideal Candidate Profile
Singapore-registered Chartered Accountant (CA) or Advocate & Solicitor
Familiarity with:
ACRA CSP regulations
AML/CFT requirements under Singapore law
Sanctions screening
Beneficial ownership and transparency obligations
Comfortable working with a startup CSP
Pragmatic, risk-based approach (not over-bureaucratic)
Open to scaling compensation as client volume grows
6. Commercial Philosophy
As a startup CSP:
Payments are client-linked, not fixed heavy retainers
Compensation increases as the CSP scales
This structure aligns incentives and reduces idle cost
Long-term collaboration opportunity as the business grows
7. Regulatory Understanding (Summary)
The RQI will not be held responsible for operational execution but will:
Provide professional governance and oversight
Ensure the CSP maintains a compliant framework
Escalate or advise on high-risk matters
Support regulatory credibility and trust
8. Next Steps
Interested professionals are invited to:
Confirm eligibility as a Singapore-registered CA or lawyer
Share experience with CSPs, AML/CFT, or regulatory oversight
Propose a preferred engagement and fee structure
For Corporate Service Provider (CSP) Operations in Singapore
1. Background
I am in the process of operating a Corporate Service Provider (CSP) in Singapore offering services to foreign clients, including company incorporation, corporate secretarial support, and ongoing compliance services.
Under Singapore regulations, CSPs serving foreign clients are required to appoint a Registered Qualified Individual (RQI) who is either:
A Singapore-registered Chartered Accountant (CA), or
A Singapore-qualified Advocate & Solicitor
I am seeking an experienced professional to act in this capacity on a part-time / oversight / per-client basis, suitable for a startup CSP.
2. Scope of Role – Registered Qualified Individual (RQI)
The RQI’s role is oversight, governance, and regulatory assurance, not day-to-day execution.
Core Responsibilities:
Act as the Registered Qualified Individual under ACRA requirements
Provide regulatory oversight of CSP operations involving foreign clients
Ensure CSP policies and procedures align with Singapore AML/CFT, sanctions, and beneficial ownership regulations
Review and approve:
Client onboarding frameworks
Risk-based AML/CFT policies
Enhanced Due Diligence (EDD) procedures where applicable
Be available for:
Regulatory queries from ACRA or authorities
Periodic compliance reviews
Advisory input on complex or high-risk cases
3. What the RQI Is Not Required to Do
No daily operational work
No client servicing or communications unless escalation is required
No routine KYC document collection
No bookkeeping, filing, or secretarial execution
No business development responsibilities
The CSP handles all operational tasks; the RQI provides professional oversight and sign-off where required.
4. Engagement Structure
Flexible arrangement (preferred):
Per-client onboarding fee
Suitable for:
Independent professionals
Freelance practitioners
Semi-retired or portfolio professionals
Professionals seeking low-touch oversight roles
5. Ideal Candidate Profile
Singapore-registered Chartered Accountant (CA) or Advocate & Solicitor
Familiarity with:
ACRA CSP regulations
AML/CFT requirements under Singapore law
Sanctions screening
Beneficial ownership and transparency obligations
Comfortable working with a startup CSP
Pragmatic, risk-based approach (not over-bureaucratic)
Open to scaling compensation as client volume grows
6. Commercial Philosophy
As a startup CSP:
Payments are client-linked, not fixed heavy retainers
Compensation increases as the CSP scales
This structure aligns incentives and reduces idle cost
Long-term collaboration opportunity as the business grows
7. Regulatory Understanding (Summary)
The RQI will not be held responsible for operational execution but will:
Provide professional governance and oversight
Ensure the CSP maintains a compliant framework
Escalate or advise on high-risk matters
Support regulatory credibility and trust
8. Next Steps
Interested professionals are invited to:
Confirm eligibility as a Singapore-registered CA or lawyer
Share experience with CSPs, AML/CFT, or regulatory oversight
Propose a preferred engagement and fee structure