We invite you to consider the opportunity to set up a personal multicurrency account with a Singaporean Payment Service Provider (PSP). The account will have a unique IBAN. The company opens accounts for well-to-do individuals, family offices, international companies, and private banks. The account can be opened remotely.
Characteristics of the Singaporean payment system
The Singaporean payment system that we are promoting here is a licensed provider of financial services. It has offices in Singapore, Hong Kong, and Great Britain and, consequently, it is supervised by the financial regulators in the countries. The PSP provides financial services to customers from a large number of different countries.
Financial opportunities that the Singaporean PSP offers:
- SEPA and SWIFT transactions.
- Discounts from institutional traders for all customers.
- FOREX services and international transactions.
- A wide range of FOREX products: Same Day, SPOT, Low Deposit Forward Trades, Rate Orders, Stop Loss, etc.
- Fast transactions all around the globe.
- Unique IBANs for multicurrency accounts.
- 38 currencies and 300 currency pairs.
- Same day or T+1 transactions.
- Local and international money transfers.
Who can become a client of the Singaporean PSP?
First and foremost, the following types of companies and groups of private individuals should be interested in applying for the PSP services:
- International companies having business interests in various parts of the world;
- National and regional companies;
- Financial companies;
- Other payment service providers;
- HNWIs and UHNWIs.
The Singaporean payment system welcomes customers from the following countries: Alan Islands, Andorra, Australia, Austria, Belgium, Bulgaria, Canada, Cayman Islands, Chile, China, Cook Islands, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Fiji, Finland, France, French Guiana, Germany, Gibraltar, Greece, Greenland, Guadeloupe, Guernsey, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Maldives, Malta, Martinique, Mauritius, Mayotte, Monaco, Mongolia, Namibia, Netherlands, New Caledonia, New Zealand, Norway, Oman, Philippines, Poland, Portugal, Puerto Rico, Romania, St. Martin, Singapore, Slovakia, South Africa, Slovenia, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Tonga, UK, USA, Uruguay, and Vietnam.
Discuss the details with an expert
Check the list of required documents, and get the details of the process, terms, and costs.
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The procedure of opening an account with the Singaporean PSP
You can open an account with the Singaporean PSP remotely. In order to do that, you have to supply the required application documents and go through the due diligence procedures.
The set of the application documents includes the following ones:
- A personal ID (passport);
- A proof of residential address (a recent utility bill will serve the purpose well enough);
- Documents confirming the legality of the sources of capital;
- Other documents on the Compliance Department’s request.
Please note that the Singaporean payment system follows the KYC and AML requirements and its Compliance Department will conduct due diligence checks when you supply the documents. If the results of the checks are positive, the payment system will take you onboard and open an account for you. If the results are negative, services will be denied to you.
The application documents are processed within 2-3 business days. The Singaporean PSP does not charge any account opening fee.
How can you open an account with the Singaporean payment system?
Please apply for a consultation with International Wealth experts and clarify all issues related to the application document package.
Cover the cost of our professional services. We charge 2999 EUR for setting up an account for you with the Singaporean payment system.
Collect all the required application documents and have them translated into English if necessary. Submit the documents to us and we will tell you if any of them need to be notarized/ apostilled.
Wait until the KYC and AML procedures are over.
Transfer funds to your account with the Singaporean PSP and start using all the opportunities that it offers.
Please request a consultation by writing to info@offshore-pro.info or contact us in any other way. Please note that the Singaporean payment system also opens corporate accounts for international customers. If you would like to register a foreign company, we will be happy to assist you in the matter. With our expertise in the area, you can establish an offshore company in a fast and safe manner!
