Hi, I have a Singapore company and a USD currency bank account with OCBC. I used a nominee director to set it up and I am a non-resident of Singapore.
I'm trying to set up a PayPal account, but I'm currently running into these issues which I wanted to see if anyone had experience in solving:
1. Do I need to be a Singapore resident to set up a PayPal account for my Singapore company?
I called PayPal, but they didn't clarify this for me - they said I could put in fake information for now for a NRIC/FIN (not sure why they'd say that), but I don't want to encounter issues later. I heard once you've hit a threshold of $7000 SGD in your account, they will require additional information/verification. Can anyone confirm?
2. Is there a way to withdraw USD to an OCBC USD currency account? Or can I only withdraw in SGD?
Thanks in advance!
SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
PayPal Business Account for Non-Residents?
-
- Similar Topics
- Replies
- Views
- Last post
-
- 4 Replies
- 2340 Views
-
Last post by Adeena
Mon, 30 Jul 2018 10:50 am
-
-
Looking for Residents of Co-Living Facility in Singapore
by lukas.phuah » Mon, 06 Jan 2020 5:47 pm » in Surveys - 0 Replies
- 2046 Views
-
Last post by lukas.phuah
Mon, 06 Jan 2020 5:47 pm
-
-
-
Do residents need to register their travels with the government?
by Lisafuller » Wed, 19 May 2021 11:28 pm » in General Discussions - 3 Replies
- 2838 Views
-
Last post by Lisafuller
Thu, 27 May 2021 11:15 am
-
-
-
Singapore residents employed overseas but working here remotely must now pay tax
by PNGMK » Sun, 18 Jul 2021 6:26 am » in PR, Citizenship, Passes & Visas for Foreigners - 2 Replies
- 2039 Views
-
Last post by PNGMK
Sat, 31 Jul 2021 7:30 am
-
-
-
"Satwant Kaur" suggests Govt should not allow HDB residents to work in condo
by lot286 » Thu, 25 May 2023 8:20 am » in PR, Citizenship, Passes & Visas for Foreigners - 19 Replies
- 6137 Views
-
Last post by Lisafuller
Sat, 27 May 2023 11:05 pm
-
Who is online
Users browsing this forum: No registered users and 3 guests