Personal bank account Singapore
- Thread starter Mike Forman
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Well at the moment Russia (finishing a 2 years period) but in a few monthes I'm "free" and as I will plan a period without income, I'm considering any cheap and easy residence option...maybe some balkan.
SG financial stability is appealing in my case, although not very willing to fund in SGD, being pegged to USD thus prone to lose vs EUR in upcoming monthes
SG financial stability is appealing in my case, although not very willing to fund in SGD, being pegged to USD thus prone to lose vs EUR in upcoming monthes
Nice, where are you resident? How much AUM do you have to park in order to open the account?
So I guess it's the Priority Banking account.
SC stopped retail banking in Thailand few years ago, it's good to know they can facilitate account opening in SG or HK.
How long did it take to open?
Are they picky with SOF?
I reached out to them and on the same day they called me, I provided the documents and next day an employee from BKK branch calls me and tells me if I'm at my house at the moment that he can come to sign the paperwork.
After signing everything they gave me the account in 5 days.
I couldn't provide some documents they asked and they were flexible.
That's cool man.
I spoke to them too, like 6 months ago. They told me they could open an account with UAE residency and 200k SGD.
I think they don't really care about your passport, they more about legit source of funds, and residency.
Are you on a tourist visa in Thailand?
So you just have 200k sitting on the savings account, or have you invested it in the stock market?
Your citizenship would be helpful too, sorry for asking so many questions, you just can speak broadly if you don't want to disclose.
Like EU passport.
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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
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I deposited part of the securities I hold on IBKR so I hold no cash but some ETF's.
EU passport.
Very nice, and do you have residency in Thailand? I'm in BKK, too, but on a tourist visa.
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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
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Business Bank Account for your US LLC Remotely
You know, I'm going to open a thread on this...the reason is to sleep well in the case of Armageddon or something like that. Just having enough money and debit/credit cards that can withstand "global disruptions", so I can continue to eat, drink, take my meds/supplements, pay for utilities, etc etc. Splitting accounts into two or three dozen "regions". I'm just having a hard time articulating it simply enough not to make it too cumbersome to comprehend.
Is it considered a residency?
I thought it was just a fancy tourist visa.
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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
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Business Bank Account for your US LLC Remotely
The bank cares about place of tax residency and I'm tax resident in Thailand. They didn't ask me about what visa I have.
in case of armageddon there is no electricity, without electricity you cannot use your 12 visa/mastercards, cash is king
https://www.itv.com/news/2023-12-05...candles-to-prepare-for-power-cuts-says-dowden
Thanks. Good point, but I already solved the no electricity, no water, no food issue.
I'll work on the new thread to get feedback from others.
Does a Priority relationship with Standard Chartered Singapore allow incoming funds directly from regulated international crypto exchanges such as Kraken, Coinbase etc?
You know this for a fact? I mean StanC seems to be making all the right noises in the crypto world with tie-ups with CDC, their Zodia markets venture etc. So, would they have an issue with fiat coming in from top exchanges such as Kraken or Coinbase?
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