Switzerland has been the safest place for gold storage for centuries. How does Singapore compare to Switzerland?

Yes, it is true that Switzerland has been a safe haven for wealth protection for a long time. There are many similarities between Singapore and Switzerland such as the rule of law, very strong and stable economies, a trustworthy financial sector, protection of private property rights, low levels of crime, etc. It is no wonder that Singapore is therefore often referred to as the Switzerland of Asia.

However, with the recent introduction of regulations such as FATCA and the upcoming CRS, some of our clients, in particular those from the US, have been facing significant difficulties in operating in Switzerland and even opening a simple bank account. As for our Asian clients, in addition to the above mentioned safety and security issues, they also choose Singapore for the proximity of its geographic location, good transportation links, first class infrastructure and overall efficient services when they visit.