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]

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]

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]

yes but‌ I don't live there.

 

[troubled soul]

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

 

[CaptK]

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]

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]

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]

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

 

[Clank]

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