| Singapore Merchant Account | |
| Offshore banking in Singapore is simple with Healy Consultants’ Singapore merchant account. A Singapore offshore account supports our Clients' retail operations and online sales services. Working with a Company located close to our head office in Singapore, we specialise in high-volume Singapore merchant accounts, and are proud to have an excellent Singapore merchant account approval ratio. Offshore banking in Singapore has developed a reputation for security, stability and reliability and Singapore is one of the world's leading offshore banking centres. Healy Consultants' excellent relationship with leading Singapore banks means you do not have to visit Singapore to open your Singapore offshore account - we will complete all the necessary formalities on your behalf. The following information will help you determine whether offshore banking in Singapore is the optimum solution for your business. | |
| Advantages of a Singapore merchant account | |
| 1. | A Singapore merchant account can accept a range of different credit cards from your customers, including Visa, MasterCard and American Express. |
| 2. | Offshore banking in Singapore is secure, stable and reliable. |
| 3. | Singapore offshore account payments can be made securely online in major currencies. A Singapore merchant account also provides regular statements. |
| 4. | Offshore banking in Singapore, as with most offshore accounts generally has fewer restrictions on access to deposits. |
| 5. | A Singapore offshore account can be processed in 150 countries and will give your Company a presence in a strategic financial region. |
| 6. | Offshore banking in Singapore has an excellent image. By establishing a Singapore merchant account your company portrays a positive image to customers, suppliers, investors, venture capitalists, etc. |
| 7. | Singapore offshore account like most jurisdictions, offers strong privacy to account holders. A benefit of offshore banking in Singapore is that Singapore has very strong client confidentiality laws and is refusing to exchange customer information with OECD (Organisation for Economic Cooperation and Development) member countries. |
| 8. | Offshore banking in Singapore provides legitimate tax benefits. Singapore merchant accounts are a legal way to conduct business and keep profits offshore. |
| 9. | A Singapore offshore account offers confidentiality. Credit card payments are processed and deposited into a secure, private offshore bank account which is easily accessible. |
| 10. | A Singapore merchant account can be easily integrated into your business website. It is compatible with most widely available shopping cart technologies using a state-of-the-art payment gateway. |
| 11. | It is relatively easy to open a Singapore offshore account. |
| 12. | A Singapore merchant account can be processed in 150 countries and will give your Company a presence in a strategic financial region which is a further benefit of offshore banking in Singapore. |
| 13. | Healy Consultants works with some of the leading Singapore offshore account providers to offer full support on a global basis. |
| 14. | A Singapore offshore account provides good protection against instability in 'onshore' jurisdictions. |
| 15. | A further advantage of offshore banking in Singapore is that 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. |
| 16. | A Singapore offshore account offers accounts in multiple currencies and with good Internet banking facilities. |
| 17. | Offshore banking in Singapore may provide more favourable interest rates than 'onshore' banking. Interest paid is tax-free. |
| 18. | Unlike a 'normal' merchant account, it is generally easier for new businesses to be approved for a Singapore offshore account. For example, the standard merchant account requirements of the business having been operational for at least two years, as well as needing to make a substantial initial deposit, is normally waived when opening an offshore merchant account. |
| 19. | Another benefit of undertaking offshore banking in Singapore is that banks in jurisdictions like Singapore, will offer letters of credit support to Singapore Companies engaging in international trading. |
| 20. | A Singapore offshore account may enable the processing of a greater variety of credit cards than allowed by onshore banks. |
| 21. | Healy Consultants has helped many clients obtain highly competitive mortgages from Singapore banks for their properties in Asia and around the world. With significantly lower interest rates and simple procedures, Singapore 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 set up an Singapore merchant account | |
| For a total fee of US$1,950, Healy Consultants will handle your Singapore merchant account application from start to finish, there will be no additional costs for you to consider. The time period from initial application to having the Singapore merchant account operating is three weeks. | |
| Other information | |
| For more information on our Singapore merchant account services, refer to the following links: | |
| Contact Us | |
| For more information on a Singapore merchant account, please email us at email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. | |
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