Foreign Nationals is subject to Approval based on the following criteria:
01. Verification of Customer Due Deligence
02. Verification of Identity Documentsconsisting the following:
- Full Name
- Identity Card Number
- Residential Address
- Date of Birth
- Place of BirthNationality
- Photo ID
03. Support letter for customer from 3rd Party
04. Additional support documents for PEPs
05. Verification of the source of funds
06. Detailed reason for setting up a company in Singapore
07. Activity of business current & future.
08. Source of capital injection
09. Documents submitted must be attested by a Notary Public at the place of signing.
Please note Nationals from the following countries are considered as Very High Risk and Non- Cooperative
01. Iran,
02. North Korea
03. Ethopia
04. Iraq
05. Serbia
06. Sri Lanka
07. Syria
08. Trinidad & Tobago
09. Tunisia
10. Vanuatu
11. Yemen.
Nationals from the following countries are considered as high risk.
01. Afghanistan
02. Bosnia & Herzegovina
03. Guyana
04. Lao
05. Ugan
Countries with United Nations Sanctions:
01. North Korea
02. Congo
03. Eritrea
04. Iran
05. Libya
06. Somalia
07. South Sudan
08. Sudan
09. Yemen
10. Myanmar