If you buy a house in Singapore/Switzerland is it easy to open a personal bank account there ?

[troubled soul]

I find non resident banking for Switzerland/Singapore quite hard.
As you do not have tie to that country.
My question is if you buy house , does it make difference to open a bank account there.
If you buy a house in Singapore/Switzerland is it easy to open a personal bank account there ?

Thanks

 

[Martin Everson]

I wouldn't personally buy a house just to open a bank account 😕. Having a nexus does give you more choice however.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Sols]

I don't think I've ever seen the exact scenario tested. But I don't think there would be much of a difference. You are assessed based on your residence, not where you have property.

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This is the probably the answer to your question.

 

[JackAlabama]

azb1 said:
I find non resident banking for Switzerland/Singapore quite hard.
As you do not have tie to that country.
My question is if you buy house , does it make difference to open a bank account there.
If you buy a house in Singapore/Switzerland is it easy to open a personal bank account there ?

Thanks
Click to expand...

Overkill. if you find it hard to open accounts there, it means your paperwork is not good in terms of what they want to see.

What makes it easier is you get residence permit in the country by either working or some other means (depends on your nationality).

 

[GPT]

Switzerland; yes it won't be a problem. You will have to pass due dilligence of course. RE in CH can be done without a local account, it is however easier and for that reason it's very likely you will get that account. Just to be clear; we are talking about buying. Not renting.

 

[mythoffshore]

To have a bank account in Singapore, you only need to deposit a sum of money (approximately $300,000). Buying a house will only add to the immigration points.

 

[orangeye]

azb1 said:
I find non resident banking for Switzerland/Singapore quite hard.
Click to expand...

Why do you ask for Singapore and Switzerland in the same time.

I think there is a big enough distance between those countries.