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 Opening a Bank Account in Singapore

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lightonokira
post Jul 30 2021, 11:25 PM

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Can someone entertain me, why would I want to open an SG maybank account?
lightonokira
post Jul 31 2021, 01:13 AM

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QUOTE(tadashi987 @ Jul 30 2021, 11:31 PM)
access to more investment opportunities, e.g. SG REITs, Singapore stocks through brokerage e.g. FSM SG
US and foreign stocks and ETF investment opportunities, through brokerage IBKR, Tradestation global, Futu, Tiger etc.
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Do I get taxed locally or in SG with an SG bank account?
lightonokira
post Aug 3 2021, 09:42 PM

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QUOTE(Ramjade @ Jul 31 2021, 08:52 AM)
tadashi987You forget to add protection against decreasing RM since you can protect now your buying power over time rather than keeping money in Malaysia. What this means is your hard earned money don't get devalued so fast Vs if one were to keep in Malaysia only.
No tax from both sg and Malaysia. Malaydia and sg does not have tax on capital gains or divisneds. But have to declare to lhdn. Sg bank account basically offer you zero interest. It's not a place for you to keep cash or FD. It's just make your life easier and cheaper for invesment.
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But if I do international freelance work and get paid to this "SG" account, do I get taxed here or in SG?

 

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