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Singapore: Tax-Efficient Sectors

Banks

Singapore is one of the world's fastest growing private banking centres, as demonstrated by the many global banks that have set up offices there. The jurisdiction has strict banking secrecy laws, yet it aims for a transparent economy and complies with the requirements of the OECD "white list". All banks operating in Singapore must be licensed by the Monetary Authority of Singapore, which is the jurisdiction's central bank.

 

 

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