How Expats, Non Residents can open a Business Bank Account in Singapore
Singapore is ranked #2 on the World Bank’s Ease of Doing Business 2020. The city-state boasts a sound economic, political, legal and regulatory environment. It also supports cross-border trade, and has business-friendly processes for credit, electricity, permits, taxes, contract enforcement, etc. Singapore also has a strong banking infrastructure that’s fully integrated into the global financial system. It also has a reputation for integrity, offers attractive tax incentives, and strictly enforces laws against financial crime and money laundering. For all these reasons, Singapore is a very attractive destination for foreign businesses.
When you’re looking to set up a company in Singapore, opening a business bank account should be one of your first steps aft...