1. Singapore Banking 2. SINGAPORE BANKING SYSTEMWhy choose Singapore? Undisputed strict confidentially laws. Central Bank Operations as part of the Monetary Authority ofSingapore(MAS), focus on sufficient liquidity for the smooth operation of thebanking system and actively supervises and regulates the banking industry. Strategic location, client(s) can take advantage of the Asia market. English as the first language. Highly stable and respected government. Inexpensive bank account to operate. 3. SINGAPORE BANKING SYSTEM Required to travel to Singapore, to meet with the bank(s). On a personal level, a great life experience, different culture, climate,an amazing opportunity. One of the main concerns the Singaporean banks have is where havethe funds originate from. Business model must be transparent and first impressions are veryimportant, with the bank. 4. Some of the Banks we collaborate with. ANZ Bank UOB Bank Standard Chartered Bank OCBC Bank DBS Bank Julius Baer Bank 5. Bank Account Requirements Face to face meeting with the Bank in Singapore. All Singaporean Banks have strong Due Diligence policies. Banking facilities -telephone banking, ATM card, InternetBanking and corporate debit card facilities. Initial deposit requirements, ranging from SGD 1,000 to SGD50,000.Account opening costs, ranging from SGD500 to SGD2,500. Minimum monthly balance requirements, ranging fromSGD8,000 to SGD50,000. Where account falls below minimum average amounts, feeranging from SGD25 to SGD 120 monthly. 6. JULIUS BAER BANK Account can be opened without presence. Luxury brand with additional facilities available e.g.Relationship Manager access 24/7, multiple currenciesavailable, American Express cards etc./personal tailoredservice. Initial deposit - one million or alternatively potential to havethis within the year. A Swiss bank, based in Singapore, funds held in Singapore. No account opening fees. No transaction based internet service. 7. To find out more contact:Pamela I Miller CITP, TEFLCyprus Business Unit ManagerSkype: eltoma.banking1www.eltoma-offshore.com & www.eltoma-cyprus.com