Opened one at DBS bank branch at Marina Bay Financial Centre.

You have to open securities trading account with it.

I opened one after GE 13. I realised how bad gerrymandering was and how screwed I will be if s**t hits the fan.

My vote piled up uselessly in an urban seat with big majority while rural seats with small majority are the ones that matter.

My advice is opening a Singaporean account is not worth it if less than SGD 30k. Interest rate is low so you have to invest in stock market (e.g. REIT or ETF).

You need 1 or 2 times cash collateral to SELL your shares due to how CDP is setup.

Looks like there is a lot of conflicting infos out there. Let's look at DBSV first :-

1) DBSV does not have custodian arrangements, hence, it is always CDP-based account.
2) I've been offered many times at very attractive loan rates for Margin Accounts, though I am not a Sporean by nationality.

Secondly, many other banks/brokerages do open CDP-based Accounts for a foreigner, not only DBSV. UOB-KayHian is one of them. There are lots of others,....

Maybank KE - many will go after the low brokerage arrangement. Such low brokerage charge transactions allow one to own shares via custodian-ship. If one wishes to own shares DIRECTLY, ie with a CDP Number, then the brokerage will be higher.

Cimb can be counted as after having Maybank, you can have a Cimb.

Boss, I have no clue what you mean.[COLOR=blue]


You mean have to negotiate with the officer in charge case by case basis ?
Even if got money also no point. Money must be kept at where it generates the most money.

Let's put it this way, you open account, you practically have access to the world's market. Why? Singapore is one of the world's financial hub.
S-Reits, ETFs, wider selection of UT compare to our country, protection against falling RM, able to deposit in foreign currency notes over the bank counter These are what I can think of.

Off topic a little but how did you go about opening acc in AU as a tourist? I tried Commonwealth and ANZ but was turned away.

Because no harm having additional bank account in other part of the world.

I have to chip in as an ordinary investor. CDP holders get diluted as they don't get access to rights,  prefferial shares,  bonus. See as an outsider with no SG address, CDP is seriously a big disadvantage. That's why I said so much for SG being international financial market. If serious about being international financial market,  remove those limitations.

For nominee account,  you get everything minus annual report,  Egm invitation, agm invitation.

Actually, the term 'dilution' here has been coined by investors in terms of the accounting principles. If there has been a placement and i DON'T PARTICIPATE, I continue to enjoy the same amount of dividend and capital gains per share or per unit, provided :-
1) the dpu does not fall in amt, and
2) investors still have confidence in the counter in the long run.

IF,... say, the dpu falls in amount, then,... I won't subscribe regardless if it's a Rights Issue (RI) or a Preferential Offering (PO),... I'd rather continue to hold at the current average price and see what happens later-on, and contemplate if I should sell-away...

If the RI or the PO is estimated to bring about a final price that is lower than my current average price, yes, I will feel disappointed if I don't participate. Then again, why participate and throw more money in when the counter is not good ?

There is an event coming-up ahead whereby this decision will need to be made already. And this event is with the Manulife US REIT. An RI is coming up soon,... and calculations will need to be made IF I should participate or not to participate,....

What dilution, bros ???

If I am not mistaken, bonus issue need SG address or else you won't get bonus shares.
Same with Preference shares. You can't subscribe for it if you don't have SG address.

Don't know.  Look at last ums bonus issue. They clearly state there must have SG address or not eligible for bonus issue.

I collecting rental income from SG property and rentals deposit into my sg bank. I paid rental income tax to SG govt.

Do I have to mention it in LHDN malaysia? i haven't wor

Is there any tax person provide me your service?
Thanks

Not Much different.

BigPay
3085.86 = 1000SGD
Instarem
3085.14 = 1000SGD
XE Rate
3067.83 = 1000SGD

BigPay Can use CC to transfer.
Instarem only FPX/bank transfer.

If me I will prefer Using BigPay instead of instarem. I use instarem for USD Transfer only which bigpay doest support USD.
+ some Cashback CC.

Topup BigPay using credit card. Then transfer to SG bank account. You can't transfer if amount inside bigpay less than what you want transfer.

Rm20k/day, max RM30k/month

Ask customer service.
No. Never tried yet. No money to try. Have some big damage this this month. Maybe next month or collect until  RM20k to minimise the fees.

Anyway nothing to buy yet. So keep in OCBC 360 and earn 4.1%p.a for the time being.

You can only use cc to topup max RM10k/month.

cc top up limit is RM10k per month only. So other top up needs to be from debit cards.

meaning we have to transfer from msia CIMB account to SG CIMB account?

i can see SG CIMB account in msia CIMB click portal, but can't do any transfer money out from SG CIMB account. the initial 1k deposit is from my brother SG bank account.

Hi bro,...

For myself, I will just fill-up one standard W8-BEN Form, scan it into my notebook, and store it nicely among my Documents. Whichever FI that asks for this, I will just email them if I am allowed it. But if they wanted originally signed copies, I will print out and send to them.

Since I am Tax Resident of Malaysia and this WILL NOT change, my form will not be dynamic, so,... no issue.

For multi-country residents, they have to be more careful in case the tax authorities of their second or third countries started querying and asking for Tax Residency Statuses.

This is especially so for those who have properties in second and third countries.