Bank Account opening in Singapore
"Switzerland of Asia"
Bank Account openings are in Singapore for private banking purposes
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Internationally recognized and strong banks
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The political system is considered very stable
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No capital control
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Unlimited transactions
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Well established online banking
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Banking secrecy for holders of residence permits (as well for UAE residence permit holders) and locals
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Singapore is considered one of the most safest cities in the World
Bank Account Types & Benefits
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Private account for resident and non-resident
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Western banking
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Highly advanced investment banking
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Corporate account for local and Freezone companies
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Unlimited transactions
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Well established online banking
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Banking secrecy for holders of residence permits (no data exchange for residence also from the UAE)
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Account Opening Procedure
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Please note, there is no online account opening procedure without being present in Singapore for at least one time to identify yourself at the bank. To reach the status of receiving full banking secrecy we assist our clients to apply for a residence permit. Some of our Singapore Banks are present as well in Dubai which can make the identification easier while flying to Dubai for the account opening.
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Non-residence bank accounts underly the common reporting standards.
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Every account opening requires individual due diligence and the KYC process. Based on the type of account this process is slightly different. We assist you with the complete process and prepare all necessary documents for you.
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Please contact us for a consultation.
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