Er you do know that Malaysia also don't tax your foreign income right?

Not if you are a fulltime trader.

you mean can open an account in KL main branch?
i tried walk in into clementi MBB in Singapore but got rejected

may i know which branch and what documents need to prepare?
I have an average of 10k SGD investment returns every month or 2 months in average

if you trade local shares then yes, If foreign shares no.

As long as the activities is conducted overseas not in Malaysia

Yes. If you try from SG site, confirm kena rejected. So the only way is to go from Malaysia site. All info is in previous link shared few post back.

Only certain Maybank branch in malaysia can do that. The form you need to fill up is maybank isavvy application form.

Google this
. Look for the newest form. Print and fill up that form.

Ok Thanks a lot. btw which branch? so i can withdraw SGD from MBBSG ATM and direct deduct from my account?

and most important if i deposit SGD from singapore, can direct credited in SGD account?

I tried OCBC MY but they required me to SGD>MYR>SGD which force me buy SGD from OCBC MY

if i work in malaysia can?

what documents are needed?

wow..u full time trader? can open bank account?

Nope i am not a trader, just invested something in Singapore with some friends and the business is getting very well.

i tried to get a bank account in SG too but it failed but i do using my cousin account to receiving funds every time since he is study in singapore and eligible to have an account there.

You trade full time?

I don't know which branch. The branches which process this application are listed at the back of the form.

Yes you can withdraw SGD and deposit SGD cash at Maybank SG ATM/CDM which will deduct/deposit from your account. It won't even touch your Malaysian account. Of course application takes like 1-2 months. 1 month if you follow up (call them). 2 months or more if you don't call them

Not true. If you are easily earning SGD10k/month, just open priority banking with OCBC MY then ask them to open priority banking with OCBC SG. Then you can also deposit and withdraw SGD cash from OCBC atm in SG. CCBC have more atms and branches than Maybank due to SG govt ruling (Maybank ATM must be at branch only and is restricted to 14 branch island wide). You can find OCBC atm/cdm everywhere.

Not to mention OCBC SG have a multi currency account, something which Maybank don't have. They let you withdraw/deposit foreign currency cash with 1% fee. If use cheque from SG, it's free. I highly don't recommend the multi currency account as that 1% fee on deposit and withdrawal is steep.

This post has been edited by Ramjade: Dec 26 2017, 12:57 AM

Ok i got the list, Thanks.

Not possible leh, they will ask Source of funds etc this and that alot of documents is needed and the investment there is no black and white stated. i did enq for OCBC Foreign currency account but the process is too terrible, losing of exchange rate spread from there. Priority Banking for OCBC SG need SGD300k to obtain, well i dont have that much SGD on hand yet and what i do now is I sent it to my Cambodia USD account.

Hi Bro, didn't see you around the forex forum for quite some time.

Regarding the taxation, you will be taxed if you are residing in Malaysia for more than 182 days (if I recall). Residing in Malaysia and actively trading through an overseas broker is not considered a foreign derived income.

kindly pls inform me how to open a Cambodia USD acc?pm appreciated..

No more in trading bro, make some small fortune few years back from forex. Now on some small business no time to go back trading scene anymore.

No idea, i did heard but yet dont have such experience. my overseas income all stay locally or i bring back cash to Malaysia

How long does it take from submission to account opening?


Thanks.

1. A business Visa valid 1 year
2. An introducer, having a valid corporate account with the bank
3. USD100 for account opening
4. Done with an ATM card, Bank Book and Online Banking

I got people assisting me on this due to some business trading, so everything done very smooth,
Hassle part is, Bank book can get on the spot but the ATM and Online Banking need 2 weeks processing,
means after 2 week u need to go back and collect the ATM and iBanking


Good thing about ABA Bank cambodia is the Mobile FD is 5% pa (Not bluffing u can google the bank site)
Bad things is the bank itself too many charges, ATM withdrawal interbank, interbank transfer etc all charge by %

I used purely for savings, so i got no issue at all

Answer is above.

just see what other opportunities can I get in Sg. :0

Ramjade..if you open POSB savings..do you need to bank in initial deposit? or once open, i sent a letter requesting them to transfer the fund from DBS to POSB ?

thanks

Application all online. It's all there. I applied first for Posb eEveryday Savers. Transfered SGD500 from my multiplier account (make sure multiplier got SGD3500 beforehand) first on the same day of opening to prevent them from
charging me. Once open, contact customer service via account inbox to ask how to close from Malaysia, send official form (obtained from customer service) to close my DBS multiplier with instructions in the form to transfer out the remaining SGD3000 to POSB account and then it was put to good use.

This post has been edited by Ramjade: Dec 27 2017, 11:27 PM

Transfer out your FSM MY & SG to POEMS SG. What for you want to continue paying service charge + platform fees?