Singapore Private Banking Guide
Your comprehensive guide to private banking in Singapore
Market Overview
Market Size
$900 billion
Total assets under management in Singapore's private banking sector
Growth Rate
8.5% YoY
Annual growth rate of private banking assets
Client Base
25,000+
High-net-worth individuals served
Why Choose Singapore for Private Banking?
Strong Regulatory Framework
Regulated by the Monetary Authority of Singapore (MAS) with robust client protection
Tax Efficiency
Favorable tax environment for wealth management and investment
Global Hub
Strategic location as Asia's premier private banking center
Digital Innovation
Leading digital private banking solutions and platforms
Leading Private Banks in Singapore
| Bank | Minimum Investment | Management Fee | Key Services |
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Requirements and Documentation
Financial Requirements
- Minimum investable assets: SGD 1-3 million
- Proof of wealth source
- Regular income documentation
Documentation Needed
- Valid passport/ID
- Proof of residence
- Bank statements
- Tax declarations
Compliance Requirements
- CRS reporting
- FATCA compliance
- AML documentation