Opening an offshore bank account in Singapore is possibly as close as you’ll come to 100% safety for your wealth. There are a number of factors which contribute to Singapore being a jurisdiction of utmost safety and stability for offshore banking. These include:
Political stability
Strong economy
Strict bank secrecy laws
High level of privacy protection
Excellent banking infrastructure
No exchange controls
In addition, opening an offshore account may entitle you to lower taxes and tax deductions as compared to when you open a bank account in your home country, with some offshore accounts even imposing no taxes at all. You won’t have to worry about double taxation either, since Singapore has Double Taxation Agreements (DTAs) with over sixty countries.