subject: The Importance of Banking Offshore in Singapore [print this page] The Importance of Banking Offshore in Singapore
Singapore offshore is now known to be the most reliable options available for your money today. Reasons behind it are efficient taxation rates, high global reputation and banking laws. Singapore is known to be giving the lowest tax rates in Asia. A law uniquely designed to secure and protect any financial gain made from investments in Singapore from being taxed was changed five years ago. By this, business and investment in Singapore increases every year.
Offshore banking in Singapore can give a lot of benefits.Singapore is now gaining much attention especially to active financial players of today.Variety of financial services are present in Singapore like banking groups and small investment funds are present in Singapore.So if you will be investing in Singapore's banking sector you are wise and intelligent enough.There are some mediums about your interest in personal account or business set up incorporation.
While many Europeans have decided to bank in Singapore, it is obvious that geographically speaking, Singapore offshore banking is very popular with Asian companies and individuals.East is now known to be the banking capital of the world.Large number of Chinese is currently banking in Singapore.Some reports show that there was as much as a 40% increase in banking activity about six years ago in Singapore, and as much as a 25% increase again over recent years.This is not new since Singapore gives away a lot of benefits to bankers which makes an idea that the people who are banking is now moving in East.
Singapore is known as one of the most respected global business hub around the world and with no bad reputation.Singapore meets the international standards set by the Organisation For Economic Cooperation and Development (OECD) and is not burdened by negative stigmas, sometimes placed on other offshore jurisdictions.
Offshore accounts are secured. Be noted that Singapore has strong security laws in regards to the banking industry and the disclosure of bank account information.Singapore offshore banking is very much ensured and assured.It is strongly recommended that investors take into some ideas about the protection laws regarding banking in Singapore.It is strongly recommended to get an experienced corporate service provider so that you can expect some ideas and help about your business.
