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!
