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International Compliance Tips for Entrepreneurs Going Global
While expanding across borders can accelerate business growth, it also raises the stakes when it comes to staying legally compliant.
Cutting Administrative Burdens When Trading Abroad
From customs declarations to inventory tracking across borders, the paperwork and compliance requirements can quickly become overwhelming for growing companies.
Temporary agreement between the Swiss Confederation (Switzerland) and the UK on services mobility
Temporary agreement documents and the exchanges of notes extending the agreement.
Decision. UK-Central America committee documents
Decisions, documents and meeting minutes from UK-Central America countries committees.
Business Secretary calls for Investment, Innovation, and Regional Prosperity
Business Secretary Peter Kyle spoke at the Regional Investment Summit in Birmingham on 21 October 2025
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.