| Singapore Offshore Banking |
| Singapore is one of the world's leading offshore banking centres and its financial sector has developed a reputation for security, stability and reliability. Healy Consultants' excellent relationship with leading Singapore banks means you do not have to visit Singapore to open your corporate bank account - we will complete all the necessary formalities on your behalf. The following information will help you determine whether Singapore offshore banking is the optimum solution for your business. |
| Points to Consider with Singapore Offshore Banking |
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Singapore offshore banking is secure, stable and reliable. Please refer to the Asia Times Online website for further information. |
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Singapore has very strong client confidentiality laws but has committed to complying with Organisation for Economic Cooperation and Development (OECD) guidelines and in 2009 was added to the OECD ‘white list’; |
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Singapore offshore banking has an excellent image - bank accounts look good to both your customers and your suppliers; |
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It is relatively easy to open a Singapore offshore bank account; |
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Singapore offshore banking offers accounts in multiple currencies and with good Internet banking facilities; |
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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; |
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Singapore banks offer letters of credit support to Singapore companies engaging in international trading; |
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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 Assist with Opening a Singapore Corporate Account |
| Our fee to assist you to open a Singapore corporate bank account amount to US$1,600. This fee includes: |
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- Healy Consultants completing all bank account opening forms on your behalf. All you have to do is sign in the required places on the forms;
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- Submitting the application form to the bank together with your company's certified incorporation documents and relevant due diligence provided by the bank signatory(ies);
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- Healy Consultants' local officer attending a bank interview on your behalf, describing your global business activities and explaining why you require a corporate bank account in Singapore;
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- Paying the initial deposit into the account, and e-mailing a scanned copy of the deposit slip to you as verification;
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- Applying for corporate Internet banking facilities on your behalf;
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- Applying for a corporate ATM card and corporate cheque book on your behalf;
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- Healy Consultants receiving the credit card, ATM card and cheque book in a sealed envelope, and passing this on securely to you;
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- Sometimes, Singapore banks require more information from the client about his/her business. If necessary, Healy Consultants will prepare a detailed business plan, in the bank's required format, to support the application. This is also included in the fee.
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| Please note that this fee does not include the initial deposit required by the bank. |
| Other Information on Offshore Singapore |
| Please refer to our International Banking page for more information on the different offshore banking options available to you. |
| Contact Us |
| For more information on any of our offshore Singapore services, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
| Back to Singapore Company Formation page. |
