Singapore Offshore Bank Accounts

A Singapore offshore bank account is secure, stable and reliable. Furthermore, the banking industry in Singapore has an excellent image. By establishing an offshore account in Singapore the company portrays a positive image to customers, suppliers, investors, venture capitalists, governments etc. Also, a Singapore offshore account provides good protection against instability of 'onshore' jurisdictions.

A Singapore offshore bank account provides legitimate tax benefits and is a legitimate way for international entrepreneurs to conduct global business and house profits offshore.

Singapore offshore accounts still benefit from Singapore’s client confidentiality laws and standards, which have recently been incorporated with OECD (Organisation for Economic Cooperation and Development) regulatory requirements.

A Singapore offshore bank account provides an advantage whereby foreigners can apply for residency in Singapore if they hold at least S$5 million (approximately US$3.6 million) with a financial institution regulated by the Monetary Authority of Singapore.

Offshore banking in Singapore is relatively easy. Healy Consultants works with some of the leading offshore account providers to offer full support on a global basis.

Another support service from our firm is helping clients obtain international mortgages from Singapore banks for their property investment in Asia and globally. With significantly lower interest rates and more simple procedures, Singapore mortgages are a viable, cost-effective and convenient option to mortgages in locations such as Australia, Canada, the US and Europe.

Following Singapore offshore bank account opening, banks can offer letters of credit support to Singapore companies engaging in international trading.