Singapore Banking

Healy Consultants assist our clients by project managing all processes involved with Singapore banking. International investors benefit by engaging our firm to prepare all required documentation for Singapore banking. Following are some points to note regarding Singapore banking and the independent services provided by Healy Consultants:

Singapore banking is supported by investment laws that are clear and fair. Foreign and domestic businesses are treated equally and 100% foreign ownership is allowed for most sectors.

Singapore boasts strong client confidentiality laws, while still agreeing to commit to the standards set out by the Organisation for Economic Cooperation and Development (OECD).

Demand for Singapore banking services grows due to increased flow of capital from the West into Singapore. As governments endeavour to clamp down on tax evasion, bank accounts located in tax havens are under increased scrutiny. Singapore is a reputable jurisdiction with a regulated and secure banking system, making Singapore banking an excellent long-term solution for international entrepreneurs.

Where required Healy Consultants will prepare a detailed business plan to support the Singapore banking application being undertaken. The business plan aims to highlight the individuals, or company's, activities and financial projections, and provides reasons why the individual, or company, requires a Singapore bank account.

Despite the regulatory procedures involved, Healy Consultants assists clients with Singapore banking procedures with minimal inconvenience. Issues are avoided by ensuring the bank receives sufficient information about the persons or company activities, beneficial owners and bank signatories for the Singapore bank account.

Singapore banking provides access to all major international retail banks such as HSBC, Standard Chartered and Citibank. These banks provide services including world-class Internet banking, a corporate cheque book, corporate ATM card and corporate debit card (Visa), if required.

Singapore is positively ranked as the world's 5th least corrupt country in the 2011 Corruption Perceptions Index by Transparency International, a measure of corruption amongst public officials and politicians.