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Singapore Bank

account opening

Bank account openings in Singapore are attractive and can be the right solution for your wealth protection.  

The advantages of having an account in Singapore

  • Internationally recognized and secure banking system

  • No capital control

  • Unlimited transactions and cash withdrawals

  • Well established online banking, credit cards, debit cards, lines of credit 

  • Bank Secrecy for Singapore and UAE Residence Permit Holders and Singapore Nationals 

  • The political system is considered to be very stable

  • Singapore, together with Dubai, is one of the 3 safest cities in the world 

Account opening procedure 

Please note that there is no online account opening procedure. In order to open a bank account in Singapore it is necessary to identify yourself either in Singapore or at one of our bank branches in Dubai. In order to achieve full banking secrecy status, we assist our clients in applying for a necessary residency permit in Singapore or the United Arab Emirates. Both countries grant each other the protection of banking secrecy. 

Non-resident bank accounts are subject to Automatic Data Interchange *CRS

Each account opening requires an individual Due Diligence (DD)   and the KYC (Know Your Client) process . Depending on the bank account type, this process differs slightly. We support you throughout the account opening process and prepare all the necessary documents for you.

Minimum Requirements 

Personal Account

  •   From EUR/USD/CHF  500,000 - 1 MIO, depending on the bank
    - for residents (with valid UAE and/or Singapore residence permit)
     

  •   From EUR/USD/CHF  2 MIO - 5 MIO, depending on the bank
    - for people without a valid UAE and/or Singapore residence permit (non-resident)

  •  From EUR/USD/CHF 20,000 - 100,000, depending on the bank
    - for Singapore company owners 

Corporate Account

  •  From EUR/USD/CHF 20,000 - 500,000, depending on the bank and company structure 
    - this account type is only for Singapore based company holders with valid Singapore residency permits,
      and/or a fiduciary director with a residency permit in Singapore resp. eine          _cc781905-5cde-3194 -bb3b-136bad5cf58d_  Nationality possible. 

Cryptocurrency Account  (Digital Banking - Fiat Gateway)  

  • Digital Account - Private Banking 
    - from EUR/USD/CHF  500,000 equivalent 
    - for UAE residents (residence permit)

  • company account
    - from EUR/USD/CHF  500,000 equivalent 
    - For local and foreign companies

Information under which conditions you can obtain a resident permit (residence permit) in the United Arab Emirates can be found here

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