Nowadays, there are a lot of instruments that businesses can rely on to be successful, and a corporate bank account is one of them. Experienced entrepreneurs know very well that you cannot open an account in a random bank and expect to get high-quality services, such as multi-currency transfers, speed of transfers to any country, currency risk mitigation, reasonable fees, quick support in case of trouble, and so on.
If you want to be aware of the best present-day banking opportunities, we will be happy to welcome you to our portal where you will find a lot of information on setting up a corporate IBAN account in Singapore and other services. We work with proven and reliable banks, keep our fingers on the pulse, and collect feedback from our customers. And if you struggle with the choice of a jurisdiction and a bank for your financial operations, we will help you free of charge.
Click on the link to contact seasoned experts to ask any questions about banking opportunities, request help, or buy turnkey services (we will help you open a bank account in almost any country without much hassle). You can book a one-on-one session for a preliminary discussion. We have a team of specialists online and agents on-site who will help you complete the formalities even if you don’t know the local language. In short, you can get any support you need!
Why Singapore?
Singapore is one of the most attractive financial hubs with a robust banking system catering to the needs of individuals, small businesses, and multinational corporations. It is well-known for its safety and reliability, and the services are provided in English, which is very convenient.
The banks in Singapore have a high reputation worldwide and are well-trusted institutions. Your transfers will be made flawlessly, and settlements with counterparties will work like clockwork (which is very important for successful company operation). Singapore is a business-friendly jurisdiction, so do not miss a chance to use the opportunities it offers!
Why Payment System?
Why do we propose an account with a payment system rather than an ordinary bank? Well, opening a non-resident account with a Singaporean bank is not as easy as it was ten years ago. The territory strives to fully comply with all international requirements related to transparency. You will need to pass rigid checking procedures to make sure you are not connected with money laundering or tax evasion in any way.
Does it mean we cannot help you with account setup in a regular Singaporean bank if you need it? No, it does not. However, we simply propose an option that will involve less hassle.
The payment system we recommend will make it possible for you to make payments in different currencies, and you will have a unique IBAN. You will easily make your payments via Singapore’s reliable payment platform which boasts many advanced features. It does not matter whether you have an international company or a home office, an account with a Singaporean payment system will meet your expectations!
Singaporean Payment System: Benefits
This is a payment service provider licensed in the UK, Hong Kong, and Singapore, that provides multiple financial services in different countries and territories. You will have the following benefits:
- A multi-currency business account that you can easily set up online
- You will have access to your account from any place in the world thanks to a safe payment platform
- A unique IBAN (personalized identifier) will be assigned to your account
- SEPA/SWIFT transfers will simplify settlements with your business partners
- Cross-border transfers (including those involving currency conversion) come at low fees
- If you need to convert your money into an exotic currency, there is every chance that you can do it successfully as the payment system offers 300 currency pairs
- Customers that need to mitigate currency risks have access to a number of FOREX products, such as Stop Loss, Same Day, or Rate Orders
- All customers can take advantage of competitive transaction fees as they are set on the institutional trader’s level
- Your partners will receive transfers on the same day
- And if you need to make local transfers, you are free to do so
In short, an account with a Singaporean payment system will give you the possibility to easily and effectively manage your funds and have more time on the development of your business rather than struggling with some bank transfer that got stuck.
Potential Payment System Beneficiaries
You can take advantage of the Singaporean payment system’s top-notch financial services if you are:
- A company in Singapore that operates in the local market
- An international business that is active in many countries
- A financial institution that needs trustworthy payment solutions
- A family office that wants to use customized financial services
- A payment service provider that wants to expand the range of services provided
- A HNWI that needs secure payment possibilities.
Steps Required to Set Up an Account
If you have some questions at this stage, we will be happy to answer them – just follow the above link and book a session! And if you see that the Singaporean payment system is the financial product that you need, here is a step-by-step plan to follow:
- Reach our specialists for expert advice: we will ask you some questions to make sure the system will meet your expectations
- Pay the cost of our support in opening an account with the Singaporean payment system without much hassle on your part.
- Collect the package of documents according to the list we will provide.
- The payment system will make the minimum required checks (Know Your Customer and Anti-Money Laundering) to see that you are a reliable customer
- The results of the checks are highly likely to be positive, and you can start using your account shortly afterwards.
Conclusion
We have a lot of products to offer, and we only sell them if we see that the customer will benefit from them and will never regret the purchase. Our specialists do not charge anything for choosing an appropriate jurisdiction and a reliable bank/payment system/neobank to suit your needs. Contact us to find the best solution to your financial problems!
