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Finance in Singapore

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FCDO advises against all travel to parts of Indonesia.

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Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).

Foreign travel advice The Gambia

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Guidance Living in South Korea

Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.

Finance in Singapore

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Banking Singapore has a number of local and international banks that offer commercial banking services.

All banks handle travellers cheques and change foreign currencies. ATM’s can be found in most shopping malls. British nationals who have been granted employment passes can make an application to open a bank account. For information on how to open an account and what documents are required please refer to individual banks’ websites.

Compulsory Social Security Savings Plans

British nationals who are working and have permanent residence (PR) status in Singapore are required to contribute to the Central Provident Fund (CPF).

Singapore Taxation

British nationals are liable to pay taxes in Singapore on all income accrued in, or derived from Singapore. The extent of your tax liability will depend on your tax residency status. For more information please go to the Inland Revenue Authority of Singapore (IRAS) website.


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