Singapore Bank Account |
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Setting up a Singapore bank account is a relatively simple process. Healy Consultants project manages the entire process without you needing to visit Singapore. Our experienced Singapore bank account team prepares the required documentation and attends a bank interview on your behalf. Following are points regarding opening a Singapore bank account: |
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When submitting an application for a Singapore bank account, Healy Consultants can prepare a detailed business plan to highlight the individual's activities, financial stability, and to outline the reasons for opening a Singapore bank account. |
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Singapore has agreed to endorse the OECD standards for effective exchange of information through avoidance of Double Taxation Agreements (DTA's). More information can be found in this press release. |
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Despite the regulations involved, Healy Consultants assists clients to open a Singapore bank account with minimal inconvenience. This is provided the bank receives sufficient information about the bank signatory for the Singapore bank account. |
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Singapore confidentiality laws are strong and follow the standards set by the Organisation for Economic Cooperation and Development (OECD). Singapore offers a secure environment to open a Singapore bank account. |
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Foreign individuals can apply for Singapore permanent residency provided they have hold at least S$5 million (US$3.55 million) in a financial institution regulated by the Monetary Authority of Singapore. |
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Local banks are required to implement strict 'know your client' procedures at the time of opening a Singapore bank account. This regulation is to ensure the inflow of capital to Singapore is legitimate. |
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After submitting a Singapore bank account application, your firm should receive a bank account number within two weeks. Internet banking is typically fully functional within two weeks of receipt of the corporate bank account number. |
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| Contact Us | |||||||||||||||||
For additional information on Singapore bank accounts contact email@healyconsultants.com or call us at (+65) 6735 0120. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
