Wednesday, April 27, 2016

SINGAPORE - Personal account for foreigners

In Singapore is important:
1. KYC. Know your customer. I would like to advise you to meet with advisor to discuss this topic once you are not professional. It will be another sign you understand Singapore
2. "Not too small to go". Limit is around 350.000 SGD to put on account
3. Give it time. It make take up to week or two.
4. Prepare and ask. Do not go to the bank unprepared.
5. Understand the fee structure.
6. Be careful of your passport. You dont need to work in SG to have account there.

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