remote account opening in DBS treasures singapore (by DBS Dubai rep office)

[troubled soul]

Any body interested in remote account opening in DBS treasures singapore .
It can be done by DBS Dubai rep office.
With following requirement.

These are the docs required for remote account opening (*1 ~ 4 must be certified true copies by DBS Dubai rep office):

1) Copy of Passport (Include signature pages)

2) ID Card (front and back)

3) Proof of Residential Address (i.e. Utility bill within last 3 months)

4) Proof of Mailing Address (if differs from Residential Address)

4) Tax Identification no. (TIN) card/doc

5) Fill up the attached KYC form [To provide employment details > 10 years to corroborate with the current total net worth]

The minimum Treasures Requirement is SG$350,000 and has to be funded within 1 month of account opening. If otherwise, there will be a monthly service fee of $50 imposed.

Attachments​

• 
  KYC Details Form1-converted.pdf
  134.6 KB · Views: 232

 

[fshore]

Do you know if their new crypto services are available for treasuries clients?

 

[troubled soul]

www.dbs.com/newsroom/dbs_digital_exchange

This will help

 

[CaptK]

hirenshukla2017 said:
Any body interested in remote account opening in DBS treasures singapore .
It can be done by DBS Dubai rep office.
With following requirement.

These are the docs required for remote account opening (*1 ~ 4 must be certified true copies by DBS Dubai rep office):

1) Copy of Passport (Include signature pages)

2) ID Card (front and back)

3) Proof of Residential Address (i.e. Utility bill within last 3 months)

4) Proof of Mailing Address (if differs from Residential Address)

4) Tax Identification no. (TIN) card/doc

5) Fill up the attached KYC form [To provide employment details > 10 years to corroborate with the current total net worth]

The minimum Treasures Requirement is SG$350,000 and has to be funded within 1 month of account opening. If otherwise, there will be a monthly service fee of $50 imposed.
Click to expand...

Have you gone through the process?

I tried about 6 months back and I am still waiting.

 

[troubled soul]

It is for personal account.

Business account has problem.

Do you email or call them ?
Personal or Business account ?

 

[CaptK]

hirenshukla2017 said:
It is for personal account.

Business account has problem.

Do you email or call them ?
Personal or Business account ?
Click to expand...

Both but I applied for personal first then they offered the business account after.

 

[troubled soul]

Personal open or not,
Or both are pending,
due to this virus

 

[CaptK]

Both pending, I have been to Dubai at least 7 times since they opened up.
I should be there on the 18th and will be chasing it up.

 

[troubled soul]

DO you have residence visa of dubai ?

 

[CaptK]

hirenshukla2017 said:
DO you have residence visa of dubai ?
Click to expand...

yes but I don't live there.

 

[troubled soul]

CaptK said:
yes but I don't live there.
Click to expand...

Ok that's why... In Dubai it is very hard to work with any bank without visa. I heard many story...

 

[CaptK]

hirenshukla2017 said:
Ok that's why... In Dubai it is very hard to work with any bank without visa. I heard many story...
Click to expand...

I have an ID card and have an apartment with al utility bills. They are just not in a rush to open accounts. To be honest the staff are not really competent, because if this was in Singapore it would have been sorted in 2 weeks.

 

[BlueMist]

CaptK said:
I have an ID card and have an apartment with al utility bills. They are just not in a rush to open accounts. To be honest the staff are not really competent, because if this was in Singapore it would have been sorted in 2 weeks.
Click to expand...

That's because they are focused on private banking clients here with S$5M and not S$350.000.

And if you are a formal resident in Singapore holding EP/PR you get all details same day upon account opening.

 

[CaptK]

BlueMist said:
That's because they are focused on private banking clients here with S$5M and not S$350.000.

And if you are a formal resident in Singapore holding EP/PR you get all details same day upon account opening.
Click to expand...

I guessed as much but I'm willing to wait until someone fits me in.

 

[Dylan63]

Hi anyone went to DBS Dubai recently ? How can I start the process with them? I have to visit their office or through their website ?

 

[diro]

assume @Aston VIP or @Fred must know about it - @Don was in the past heavily active in the banking area in dubai as I remember.

 

[Aston VIP]

Hi,
Yes, we're aware of that. However, there are several strict criteria that must be met first. To begin with, you need to invest approximately USD 4”“5 million through them, and have assets worth USD 10”“15 million. Additionally, you must be a UAE resident.
We can absolutely assist you with the process and ensure you're properly prepared for due diligence with DBS. They will not engage unless these minimum thresholds are fulfilled.

 

[Clank]

Aston VIP said:
Hi,
Yes, we're aware of that. However, there are several strict criteria that must be met first. To begin with, you need to invest approximately USD 4”“5 million through them, and have assets worth USD 10”“15 million. Additionally, you must be a UAE resident.
We can absolutely assist you with the process and ensure you're properly prepared for due diligence with DBS. They will not engage unless these minimum thresholds are fulfilled.
Click to expand...

I could open an account with 350k SGD.

 

[Aston VIP]

Not possible anymore, and just to be sure I just called them. And it is still the same

Last edited: Yesterday at 09:09

 

[Clank]

Aston VIP said:
No possible anymore, and just to be sure I just called them. And it is still the same
Click to expand...

Probably it's for private baking and not for treasures, conditions are here: https://www.dbs.com.sg/treasures/international-banking