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.

 

[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.

 

[JackAlabama]

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 (depends︀ 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]

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

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