Singapore
Banking in Singapore
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The BBC today is running with a story on the challenges of Going Global - http://www.bbc.com/news/business-33224596 - which is says are primarily down to a failure to understand that brand doesn't necessarily carry overseas. I would tend to agree. However also believe that companies regularly make the jump from initial research to genuine overseas incorporation without having done the correct rese
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Banking in Singapore
Singapore has a contemporary banking and financial system offering a plethora of services. The Economic Development Board provides various types of assistance to new businesses setting up. It is recommended, however, that you investigate the types of bank in Singapore. Many banks offer different services, and it's probably best to choose one that is most akin to your financial needs. There will also be a different level of formality for each type of account or bank opted for. For a list of banks, please click on the 'Banking in Singapore' tab located above.
To open a bank account in Singapore, you will be required to provide the following documentation:
- Passport
- Proof of address
There are a handful of international banks operating in Singapore. Considering banking requirements, each bank sets their own, such as the amount needed to open or maintain an account, fees, charges, etc. Cash machines are widespread, and internet banking is available.