To race horses in Singapore, all owners must be registered with the Malayan Racing Association (MRA). The MRA is the controlling body which licenses trainers and jockeys and also registers owners and horses in Singapore and Malaysia.
To be an owner in Singapore, a person must be above 21 years of age, is of good financial standing and is not a declared bankrupt. An applicant should also not have any criminal record at the time of application nor have been disqualified by any turf club. The MRA owner registration fee is S$570 and this fee is payable annually.
As a sole owner of a horse, you will receive all of the winnings your horse earns in races (after deduction of trainer's and jockey's commissions) and be responsible for all costs of the horse's upkeep and training.
Owners can alternatively register to form partnerships of up to 10 partners in any single partnership. All the winnings (after deduction of trainer's and jockey's commissions) your horse earns in races will be shared among the partners. Partners will need to nominate a Manager to represent the partnership and who will be responsible for managing the affairs of the partnership.