Also in the news...
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
Bond Support Scheme
Find out about the Bond Support Scheme - how it works, its benefits and how to apply.
UK and African business leaders arrive in Togo to create trade and investment deals
The event brings together delegations from ten African nations alongside leading UK companies and investors to advance partnerships that promote economic growth and jobs.
Countering sanctions evasion: guidance for freight and shipping
For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.
Finance in Singapore
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.