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I don't like Osome Singapore at all. Every time you want to speak to them you get passed to a new person at random, and every single reply feels like it was generated by chatGPT. It's a human replying, but it's very obvious they just feed your question into ChatGPT and then send it as a...

Hey thank you. Yeah I have got myself an account at Aspire, they seem okay so far, I just don't like having large sums of money in an EMI.

Thanks man, you're right. With regards to visiting the bank in person - do you recommend just flying over to SG and walking in the branch with all my docs in order and ducks in a row? Or first contacting someone at the bank to schedule an appointment for me to visit in person?

No to 1 and 2. 3 - I got in contact with my relationship manager at UOB who overseas my wealth banking, and he put in touch with the manager at his branch who emailed me forms to fill in and send back to him, which he said he submitted higher up for approval. And he was the point of contact...

Rejected for business account after incorporating. Kinda frustrating. Did everything I could to increase my chances - opened personal wealth management account at same bank, showed proof of big customers with Singapore companies, got a Singapore director and someone from the bank wealth...

Okay so as I previously said, I asked one advisor in Singapore about whether I'd need to pay tax on foreign income remitted into a bank account outside of Singapore and they said this: "It will be subject to corporate tax in sg. Unless you can show evidence that you are paying corporate tax...

I agree it doesn't make sense to me and conflicts with what I've been told elsewhere. I'm meeting another firm for a third opinion.

Hey there. With regards to the personal wealth account it was very easy. I just called UOB's wealth banking service and set up a call with one of them, they said I'd need to open the account in person so I flew to Singapore and met with them, and they spent the morning going through the...

I also heard this from one Singapore accounting firm, but another firm told me that I won't need to pay Singapore corporation taxes if the foreign income is remitted to a bank in a different country. They said I may need to pay taxes in the country where it's remitted and I'm a resident, but if...

Hey thanks this sounds like good advice. I do actually already have a personal wealth account in Singapore and have contacted them, just waiting to hear back what they say. With regards to hiring a genuine director, do you mean one where they are paid a monthly salary? If so, how much would the...

I'd like to incorporate in Singapore and get a company bank account at one of the big 3 banks (UOB, DBS, OCBC) but I don't live there. Would it be a problem as long as I was doing business with another Singapore company? I'd be spending around $300 - $500k a month with Google Ads Singapore.

This is why I never ever use EMIs now. The same happened to me with Revolut, with money locked up for months without reason. I wince every time someone recommends EMIs to me. I have absolutely zero trust in them, especially for large sums. No one has an issue with EMIs until they have an issue...

Hi I'm looking to put some money into a personal account in Singapore. Out of the main banks there (UOB, DBS, OCBC, Standard Chartered, HSBC) is it possible to open to open a priority account remotely without visiting?

Hi did you go yet, and if so were you successful opening a bank account?

I already have, but I don't want all my money in Bitcoin, just a portion of it as a hedge.

That would be my reason too. I live in Taiwan so obvious reasons why I don't want all my cash here.

Hi Fossy What reason did you give the bank as to why you wanted to open an account in Singapore?

Thanks. I have actually been to the Philippines quite a few times before, and I do know it has a lot of problems, many of them borne out of poverty. I wouldn't like to be someone living there who openly shows off their wealth, but I honestly think when it comes to the general population, they're...

This is one of the reasons I'm looking at in. I live in Taiwan but new CFC rules mean if I have a low-tax offshore company, it will be liable for tax in Taiwan unless I can show the company has proper operations aboard (i.e. employees). I thought Philippines could be good for this as you could...