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by stiwi
Sun, 07 Sep 2014 8:30 pm
Forum: Credit Card & Banking in Singapore
Topic: Is there any USD $ credit card in Singapore
Replies: 5
Views: 9636

PNGMK wrote: Probably all due to that FATCA.
No, it has always been like that. It is just that HSBC and Citi provide you ability to withdraw FCY cash without the conversion (ATM only) but they don't support POS transactions for the same. SCB does however only for their USD high account.
by stiwi
Sun, 07 Sep 2014 9:24 am
Forum: Credit Card & Banking in Singapore
Topic: Is there any USD $ credit card in Singapore
Replies: 5
Views: 9636

PNGMK wrote:Try HSBC - they used to have one.
HSBC & Citi provide only ATM card for FCY accounts. Transactions via Citi debit card goes directly via SGD account regardless if it is connected to FCY account.
by stiwi
Sun, 07 Sep 2014 2:55 am
Forum: Credit Card & Banking in Singapore
Topic: Banking and Transferring money from SG to UK
Replies: 23
Views: 22114

The best spreads in SG have surprisingly Bank of China: http://www.bankofchina.com/sg/bocinfo/bi3/201002/t20100207_961730.html Surprisingly as well they have Multi Currency Account similar to DBS MCA & HSBC MCA. Second best for FX is DBS. Nothing will beat the Arcade though and the good thing about ...
by stiwi
Sun, 07 Sep 2014 2:24 am
Forum: Credit Card & Banking in Singapore
Topic: Is there any USD $ credit card in Singapore
Replies: 5
Views: 9636

There is no cc in USD as far as I know. SCB has USD debit card that can be used directly for payments in USD. Only for personal accounts though.
by stiwi
Sat, 06 Sep 2014 4:17 pm
Forum: Business in Singapore
Topic: company strike off -- need some help
Replies: 14
Views: 7362

[...] You could also put the company up for sale.There is a market for this. [...] I guess there is a market for pretty much everything these days. The major problem with selling SG company is that it requires nominee director. More and more local companies are not willing to provide this kind of s...
by stiwi
Fri, 05 Sep 2014 9:21 pm
Forum: Business in Singapore
Topic: company strike off -- need some help
Replies: 14
Views: 7362

I did a strike off last year. It takes about six months to do, requiring publication of notices, etc. The whole point is to protect creditors and keep you from shutting down while owing money. Because my company was essentially in stasis, my accountant charged me $500 plus expenses to shut it down....
by stiwi
Fri, 05 Sep 2014 7:11 pm
Forum: Business in Singapore
Topic: company strike off -- need some help
Replies: 14
Views: 7362

Has anyone gone through it? I have also been quoted $2500 excluding GST. From what I read here it only cost $35 to fill the application form, so the amount I was quoted is excessive unless there are some other fees I am not aware of? From what I know the company must close the bank account first bef...
by stiwi
Wed, 19 Feb 2014 5:22 pm
Forum: Relocating, Moving to Singapore
Topic: SPR moving to HK, package consultant
Replies: 15
Views: 4452

According to: http://www.iras.gov.sg/irashome/page04.aspx?id=1190 " You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a : • a Singaporean who normally resides in Singapore except for temporary absences; or • a Singapore Permanent Resident (SPR) who has establi...
by stiwi
Wed, 19 Feb 2014 4:12 pm
Forum: Relocating, Moving to Singapore
Topic: SPR moving to HK, package consultant
Replies: 15
Views: 4452

sundaymorningstaple wrote:There key words here are "a few months" not 5/5.
Yes, this is something OP didn't precise. But what I am saying is that PR is not a (tax) resident by definition :)
by stiwi
Wed, 19 Feb 2014 3:50 pm
Forum: Relocating, Moving to Singapore
Topic: SPR moving to HK, package consultant
Replies: 15
Views: 4452

A PR (=permanent resident) is resident by definition. But income for work outside of singapore is not taxable in Singapore, even if your Singapore employer sends you abroad for a few months. I've been there and done that! Are you saying that PR is considered for tax resident rates regardless of his...
by stiwi
Wed, 19 Feb 2014 5:34 am
Forum: Relocating, Moving to Singapore
Topic: SPR moving to HK, package consultant
Replies: 15
Views: 4452

That's an interesting example. Keeping PR while not living in Singapore. It would be interesting to see ICA rejecting REP considering non resident in question is able to provide tax returns :) There is one issue to consider I think, as a non resident PR receiving employment income in Singapore, you ...
by stiwi
Mon, 10 Feb 2014 6:46 am
Forum: Staying, Living in Singapore
Topic: Taxis
Replies: 37
Views: 7576

Try taxis which don't have apps. Whenever I fail multiple times to get a taxi from Citi Cab / SMRT, all it takes is one call to Premier taxis (Silvercab) :)
by stiwi
Sat, 01 Feb 2014 8:09 am
Forum: Relocating, Moving to Singapore
Topic: Moving to Singapore for a new business venture
Replies: 16
Views: 4620

ok...here's an afterthought. Since everyone's suggesting that the budgets will be quite tight as far as rentals are concerned, how about if we skip the furnished office rental and I could run things from home for the first 6 months? I know in Dubai we can't do this because in order to get a busines...
by stiwi
Fri, 17 Jan 2014 1:41 am
Forum: Credit Card & Banking in Singapore
Topic: Foreign currency cash deposit rates
Replies: 16
Views: 9184

Slightly related - I need to move a large amount of USD the Singapore. My assumption was to move the money from USD in the USD to a USD in Singapore would be the best (most cost effictive) way of doing it, short of carrying cash(*)in my carry-on on a flight. It's too much cash to fit in pocket(s), ...
by stiwi
Wed, 15 Jan 2014 2:04 am
Forum: Relocating, Moving to Singapore
Topic: Moving out of Sing (destination undecided) furniture storage
Replies: 8
Views: 3098

Re: Moving out of Sing (destination undecided) furniture sto

[...] Does anyone have any experience or advice on 1) if moving companies will store furniture for us for 1~2 months while we travel and decide on the destination 2) how much it costs to move furnitures for a family of four to Canada (we have very little furniture - just beds, dining table, a 3-sea...

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