Advantages of Singapore Banking |
|
||||||||||||||||
The advantages of Singapore banking allow investors to bank in a reputable jurisdiction. Healy Consultants project manages all Singapore banking formalities on behalf of our clients, meaning they are not required to travel to Singapore. Benefits of Singapore banking include: |
|||||||||||||||||
1. |
Singapore has seen significant growth in private banking services and is expected to be a leader in this field over the next 5 years. As a global private banking and wealth management hub, Singapore is positioned to cater the needs of high net worth individuals within Asia and globally. |
||||||||||||||||
2. |
Singapore is a globally important and respected business centre. Singapore's financial centre is a secure, reliable and well-regulated banking system. |
||||||||||||||||
3. |
Singapore is one of the A grade offshore centers not signed up to the European Union Saving Tax Directives. The client confidentiality laws in Singapore are a contirbutor to Singapore banking security. |
||||||||||||||||
4. |
Another benefit of Singapore banking is the clear and fair investment laws. Foreign and domestic businesses are treated equally with 100% foreign ownership an option in most sectors. |
||||||||||||||||
5. |
Foreign individuals can apply for Singapore permanent residency if they hold at least S$5 million (US$3.97 million) with a financial institution regulated by the Monetary Authority of Singapore. |
||||||||||||||||
6. |
Despite the regulatory procedures involved, Healy Consultants assists clients to take advantage of Singapore banking systems. Our firm has vast experience with all major international retail banks including Standard Chartered, HSBC, and Citibank. |
||||||||||||||||
7. |
Multi-currency accounts and excellent Internet banking are two advantages of Singapore banking which facilitates global business. Furthermore, Singapore banks offer letters of credit (L/C) support for Singapore companies involved in international trading. |
||||||||||||||||
| Additional Information on Singapore Offshore Banking | |||||||||||||||||
Please refer to our International Banking page for more information on the different offshore banking options available, or the Singapore Offshore Banking page for information specific to Singapore. |
|||||||||||||||||
| Contact Us | |||||||||||||||||
For additional information on the advantages of Singapore banking contact email@healyconsultants.com or call us at (+65) 6735 0120. |
|||||||||||||||||
| Back to Singapore Company Formation page. | |||||||||||||||||
Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
