Also in the news...
Switzerland: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Switzerland.
UK lands trade deal with South Korea to boost jobs and exports
UK lands momentous trade deal with South Korea to boost jobs and exports
New laws bring the world of work into the 21st century
Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.
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.
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.