The following is
my answer to a Quora question: “Is it possible to open an
offshore bank account in Singapore, with $20,000, as a tourist?”
Yes, and $20,000 suffices. You do not need to wait to come to Singapore
to actually open the bank account. You can
begin the process online, and complete the paperwork and fund transfer when you
are here. Alternatively, you may arrange
the fund transfer before that, and complete any residual paperwork here. Singapore is an international banking hub. All the information you actually need is found
on the web sites of the respective financial institutions.
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