If you buy a house in Singapore/Switzerland is it easy to open a personal bank account there ?

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

azb1

Mentor Group Gold
I find non resident banking for Switzerland/Singapore quite hard.
As you do not have tie to that country.
My question is if you buy house , does it make difference to open a bank account there.
If you buy a house in Singapore/Switzerland is it easy to open a personal bank account there ?

Thanks
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
I wouldn't personally buy a house just to open a bank account :confused:. Having a nexus does give you more choice however.
 

Sols

Staff member
Mentor Group Gold
I don't think I've ever seen the exact scenario tested. But I don't think there would be much of a difference. You are assess based on your residence, not where you have property.
 

JackAlabama

Entrepreneur
I find non resident banking for Switzerland/Singapore quite hard.
As you do not have tie to that country.
My question is if you buy house , does it make difference to open a bank account there.
If you buy a house in Singapore/Switzerland is it easy to open a personal bank account there ?

Thanks
Overkill. if you find it hard to open accounts there, it means your paperwork is not good in terms of what they want to see.

What makes it easier is you get residence permit in the country by either working or some other means (depends on your nationality).
 

GPT

Active Member
Switzerland; yes it won’t be a problem. You will have to pass due dilligence of course. RE in CH can be done without a local account, it is however easier and for that reason it’s very likely you will get that account. Just to be clear; we are talking about buying. Not renting.
 
Top