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Location: Southeast of Asia

Capital: Singapore (city-state)

Population (2017): 5,612,300

Status:United Nations member since1965, GATT member since 1973, WTO member since 1995; and other organizations.

Currency: SGD (Singapore dollar)

Official languages: English, Malay, Mandarin, Tamil

Deposit guarantee: N/A

Did you know?

The world’s first night zoo, The Night Safari, is located in Singapore.

Singapore Airlines is the best airline in the world for 2018, according to a ranking by the consumer-aviation website Skytrax.

Singapore is one of only three surviving city-states in the world, together with Monaco and the Vatican City.

The Bukit Timah Nature Reserve in Singapore contains more species of trees than the entire North American continent.

The Singapore Grand Prix Racing Circuit is not only Asia’s first one but also held the first ever F1 night-race in its 2008 inaugural race.

Singapore, officially the Republic of Singapore, is a global city in Southeast Asia is made up of 64 islands: one main island and 63 other tiny islands, still most of these are uninhabited.

Founded in the 19th century as a British trading colony Singapore has become a fussy metropolis in Southeast Asia and home to one of the world’s busiest ports, Singapore.

The official business language in Singapore is English but Mandarin and Malay are also widely spoken. Singapore is a politically and economically stable country. The work force is well educated and hard working with a high level of expertise.

Also known as the Lion City and the Switzerland of Asia, Singapore is one of the world’s leading financial centers and a powerful banking hub for both domestic and international clients that maintains strong connections with the West.

Singapore headquarters the Asia-Pacific Economic Cooperation and is a member of a number of additional international organizations, including the ASEAN Regional Forum, the United Nations and the World Trade Organization.

With almost 200 overseas banks and 6 local establishments, Singapore is Asia’s third-biggest Financial Centre (after Hong Kong and Japan) that offers various services from consumer credits to investment operations and insurance.

Key features

SGD, USD and Multicurrency accounts

Physical presence for identification is required

Some banks have minimum deposit and balance requirements

Online banking

VISA, MasterCard debit and credit cards

Private banking and wealth management services.

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