Singapore Banks
Singapore is considered the major financial center in the Asia-Pacific Region. The city has been convincingly successful, with its stability and tax incentives, to international finance and other businesses that have been set up there. The island has excellent telecommunications and its port is the largest in the world, in regards to shipped tonnage and containers. In addition, it counts on the third largest petrochemical refinery worldwide. By reforming its trust fund laws in 2004, Singapore attempted to overtake its nearest rival, Hong Kong. Despite accomplishing the requirements for the exchange of tax information, required by the OECD for removing Singapore from the “grey list”, the country continues to protect bank secrecy. There are very heavy fines for those who reveal details about bank accounts or clients of banks in Singapore. All of this has influenced Singapore’s consolidation as an important world wide bank center. Businessmen and companies can benefit from the numerous tax incentives offered, from a 50% tax reduction starting from investments over 100,000 SGD in emerging businesses, up to complete exemption from paying taxes on non-resident investment funds controlled by administrators of funds localized in Singapore.
Bancos offshore en Singapur:
Regulaciones Financieras:
Autoridad Monetaria de Singapur:
Telèfono:(65)-6225-5577
Email: [email protected]
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Directory > Offshore Banks
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Website:https://www.nor..
Type:Private and Corporate B...
Client presence:Needed
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Client presence:Needed
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Client presence:Needed
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Client presence:Needed
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Client presence:Needed
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Client presence:Needed
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Client presence:Needed
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Client presence:Needed
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Client presence:Needed
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