May I know what will happen to our bank accounts in Singapore upon death? Do the banks allow nomination of beneficiaries? Are wills drafted in Malaysia effective in Singapore?
Opening a Bank Account in Singapore
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 Oct 18 2013, 07:36 AM
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Sep 18 2015, 12:06 AM
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QUOTE(Hansel @ Sep 17 2015, 10:35 PM) Hi Qwister,... Hi Hansel,Well, that's the rate I've been using all this while. YES, you need to declare that you do not have loans inside the country if you are going to select 'Investments' as the reason that you are sending your funds overseas. This is in the Form P. If you going to use the reason of paying for a purchase, you need to show the invoice from the overseas supplier. I am in the legal industry. Hoped to be able to advise more in future,...   Do you know what is the max amount we can transfer if the purpose is for investment overseas? Must this payment be made to an investment brokerage account then? What about transfer to own account overseas and the purpose is for investment later?  |
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