Offshore Banking in Asia

Asia is fast becoming one of the world's leading offshore banking regions and its financial sector has developed a reputation for security, stability and reliability. Healy Consultants' excellent relationship with leading Asian banks means you do not have to visit Asia to conduct offshore banking in Asia and open your corporate bank account - we will complete all the necessary formalities on your behalf. The following information will help you determine whether offshore banking in Asia is the optimum solution for your business.

Points to consider with offshore banking in Asia

1. Offshore banking in Asia is secure, stable and reliable in jurisdictions like Singapore and Hong Kong;

2. Offshore banking in Asia benefits from strong reputations of jurisdictions like Singapore and Hong Kong for being efficient financial hubs.

3. Offshore banking in Asia is generally seen in a positive light by international investors. Offshore banking in Singapore and Hong Kong has an excellent image - bank accounts look good to both your customers and your suppliers;

4. It is relatively easy to open an offshore bank account and thus begin offshore banking in Asia;

5. Offshore banking in Asia benefits in regions like Singapore, where offshore banks offer accounts in multiple currencies and with good Internet banking facilities;

6. Foreigners can apply for residency in Singapore if they hold at least S$5 million (US$3.2 million) with a financial institution regulated by the Monetary Authority of Singapore;

7. Another benefit of undertaking offshore banking in Asia is that banks in jurisdictions like Singapore, will offer letters of credit support to Singapore Companies engaging in international trading;

8. Healy Consultants has helped many clients obtain highly competitive mortgages from Asian banks for their properties in Asia and around the world. With significantly lower interest rates and simple procedures, Asian mortgages are a viable, cost-effective and convenient alternative to rival mortgages in locations such as Australia, Canada, the US and Europe.

Healy Consultants Fees to assist with offshore banking in Asia:

Our fee to assist you to in conducting offshore banking in Asia is US$2,200. This fee includes:

Healy Consultants completing all bank account opening forms on your behalf. All you have to do is sign in the required places on the forms;
Submitting the application form to the bank together with your company's certified incorporation documents and relevant due diligence provided by the bank signatory(ies);
Healy Consultants' local officer attending a bank interview on your behalf, describing your global business activities and explaining why you require a corporate bank account in Asia;
Paying the initial deposit into the account, and e-mailing a scanned copy of the deposit slip to you as verification;
Applying for corporate Internet banking facilities on your behalf;
Applying for a corporate ATM card and corporate cheque book on your behalf;
Healy Consultants receiving the credit card, ATM card and cheque book in a sealed envelope, and passing this on securely to you;
Sometimes, Asian banks require more information from the client about his/her business. If necessary, Healy Consultants will prepare a detailed Business Plan, in the bank's required format, to support the application. This is also included in the fee.

Please note that this fee does not include the initial deposit required by the bank.

Other Information on Offshore Banking in Asia

Please refer to our International Banking page for more information on the different offshore banking options available to you.

Contact Us

For more information on offshore banking in Asia, please email email@healyconsultants.com or call us on (+65) 6735 0120.

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