I live in Switzerland, I think I get paid better here
@rubensnogueira5838 Жыл бұрын
@@matthewsongloong9573 and probably has a bit more space, huh?
@saigonexile531 Жыл бұрын
I have an account with DBS in Singapore for about 7 years now and am happy with the service, etc.
@p.m.8316 Жыл бұрын
as a non-resident? do you need to deposit a lot of money? DBS stock is doing good btw.
@abdulrazakbendjema97783 ай бұрын
How much money did you need to deposit?
@udn9930 Жыл бұрын
In Switzerland, park the money in a Cantonal (public) bank: the deposits have unlimited State guarantee (this means that you lose your money only if the Canton, not just the bank, goes bankrupt… not gonna happen in Zürich). Apart from the one in Geneva canton, they don’t have the 100k limit as private banks (UBS, JB, CS, etc.) do.
@NDG-ms5mx8 ай бұрын
That's true. And the smaller cantonal banks tend to be more flexible and not so restricted from big compliance.
@marketingteam3128 Жыл бұрын
Completely on. Legacy is out. Besides, labour cost being so high in legacy brands, makes the service horrible, and maintenance costs high.
@johntheaccountant5594 Жыл бұрын
Switzerland lost its credibility when the Swiss Banks immediately gave details of the accounts of Americans when requested by the American government. As a result of that, people moved their accounts and financial affairs to Singapore.
@muffemod Жыл бұрын
Yea Swiss banks are history now. That was decades ago. Now the gig is up over there, has been for quite a while.
@Davos-st8ok Жыл бұрын
You sound clueless af. Singaporean banks literally do the same under FATCA.
@CryptocurrencyInsider Жыл бұрын
@@muffemod Swiss banks are still used by HNWI because of the stable environment. But they won’t help you hide dirty money.
@vasionok Жыл бұрын
You think Singapore doesn't do FATCA? They are very aligned with the US.
@coolguy5555551 Жыл бұрын
I think Andrew forgot to mention the "Swiss Bank Program" with the US Department of Justice.
@vktravellog1242 Жыл бұрын
This is why I went to singapore
@slamtilt01 Жыл бұрын
@@Bambotb tracking bad actors
@Christina_Yang12172 ай бұрын
Doesn’t Singapore report your info to the US as well?
@user-rj3hc3ey4x3 ай бұрын
Brand is a reputation. Reputation is a quality guarantee. Quality is what u pay for , to avoid trail and error.😮
@Floorguy1000 Жыл бұрын
Appreciate the direct information. You are absolutely right about "brand " value...I have been disappointed so often about a "brand" I have lost count. I'm an informed person who doesn't want to get snowed. Again, very much appreciate the information.
@TheR0yalBeast Жыл бұрын
Can’t speak for Singapore but Swiss Banks & culture is definitely not a service oriented culture. I think it’s not that the Swiss are lazy or uninterested it’s just they are not keen on customer service.
@TheR0yalBeast Жыл бұрын
@@thanksforyouruploads | can't explain it. It is something you need to experience to understand. Some of it is incentives based i.e. U.S. tip culture. Some traditions and norms.
@christheswiss390 Жыл бұрын
Depends on the customer. Swiss companies can often choose. Or they decide to choose. Because money is not everything. Especially when 15% of your entire POPULATION (every 6th person) already consists of millionaires (no, it''s not the US, nor is it Singapore - it's the other one, the one that chooses its customers wisely). Choosing my customers carefully was always beneficial for both the supplier AND the customer. Business relationships of >20 years were standard. Have you ever wondered why so many countries turn down ONLY US citizens and customers? Perhaps a dose of honesty could help you understand that dire predicament. Your name sort of gives you away. I'd probably be angry as well as an american, but mainly at my own government for being such nasty and hypocritical pricks to the rest of the world, so that everyone else treats me as a pariah. Love how they also chase their proud citizens ruthlessly around the globe for tax income not even earned on their US turf. Oddly enough, I never hear americans complain about this medievel pursuit of US citizens across the globe just for more, more, more tax income. It's actually quite pathetic and only very few SH countries around the globe resort to this desperate money grab by all means available. BTW: the Swiss government NEVER hunts down its citizens around the globe to pry tax funds from their earnings abroad. Just that one freedom alone sounds like FAR BETTER "customer service" than what americans allow their government to get by with! 🤣🤣
@TheR0yalBeast Жыл бұрын
@@christheswiss390 Your comment is irrelevant to my point. I don't understand why you posted this? Please consider moving your comment to the main comment thread.
@rod-ji8nc4 ай бұрын
Hearing the oppinion of a well informed centered individual is always a pleasure. Thank you for the informative video.
@ladlem3 Жыл бұрын
The whole "banks are safe" concept is somewhat misleading, remember Bear and Lehman. Any bank can fall. So don't bet too much on banks.
@Ryan_Winter Жыл бұрын
Swiss banks have a hard time failing, what is probably the reason why they aren't as good as they could be. Back in 2008 the UBS was in real trouble, the government handed them 60 billion USD to right their ship. Probably not that impressive when you look at the "bail outs" the US government does, but if you consider how tiny Switzerland is compared to the US, then you can see how strong that safety net is.
@mitrarambhai9186 Жыл бұрын
Thanks for the break down….. love the Swiss impersonation…lol
@anthony9971 Жыл бұрын
Andrew you've helped me so much in my financial and nomadic journies abroad. Cant wait for your book on purchasing international properties to come out ;)
@nomadcapitalist Жыл бұрын
We appreciate that. Please share your opinion about the book here: www.amazon.com/dp/B09F16Q6G8?geniuslink=true
@TA-wx1fc Жыл бұрын
Long term? I would rather hold an account in Singaporean dollars. The Swiss will suffer the same energy crisis as their European neighbours in the coming months/years which will have serious repercussions on their industry and consequently it will affect the strength of their currency. + Their largest banks such as Credit Suisse and UBS have recently had to reshuffle their leadership after billions in losses on leveraged finance.
@fynngachter7758 Жыл бұрын
As a swiss i can say the gouvernment said there may be cuts on the energy but i believe we can easily sustain all our energy needs for the winter.
@TA-wx1fc Жыл бұрын
@@fynngachter7758 yes but your gas reserves are mostly stored in Germany, so your situation will depend on the situation there and the decisions of the German authorities. It would be naive not to consider that the Germans can hold back on gas deliveries to Switzerland in the name of “continental solidarity” if the situation becomes dire. And we all saw how that solidarity worked during covid. + the energy crisis will go beyond winter as long as the sanctions are held and OPEC continues to refuse to increase output.
@samtheman9002 Жыл бұрын
The question is can the Swiss hold out against the WEF. I think that was answered when they broke their neutrality and sanctioned Russia.
@caronridge6912 Жыл бұрын
No chance... In which country is the WEF and "Davos" located?
@jamesa4958 Жыл бұрын
Thank you
@medmuckersmedia3185 Жыл бұрын
It's good that you've compared SG vs Swiss in the same video. Unlike HKongers who still think SG are their rivals in Banking.
@caronridge6912 Жыл бұрын
They're not rivals because SG is focused on ASEAN whilst HK is focused on East Asia and particularly Greater China. HK is more regional with way more assets. The Chinese have the most investable assets in the world at $130-trillion whilst the US is second with $90-trillion. Singapore, London, Tokyo and the rest are less.
@medmuckersmedia3185 Жыл бұрын
@@caronridge6912 I would also say Switzerland is also not mentioned in the same breadth as NY , London Tokyo. Think deeper.
@caronridge6912 Жыл бұрын
@@medmuckersmedia3185 They all serve different purposes. But the future will be the physical markets after the overleveraged & manipulated paper markets blow up. The paper energy and paper metals markets in the centers you mentioned are a farce, fraudulent, and very disconnected from the physical markets because they've been politicized & weaponized. There's no "there" there anymore. Just a matter of time before the physical markets bury western paper "markets". Read Credit Suisse guru Zoltan Pozsar for more.
@REALjackiehu13 күн бұрын
If you are crypto-rich, choose Singapore, no problem cashing-out large volumn cryptos.
@steltoronto7553 Жыл бұрын
Andrew how can Singapore be more open when you can open an account ONLY if your vaccinated ??? 🤔 That's not very open in my opinion !
@caronridge6912 Жыл бұрын
You don't have to be vaxxed to open an account, but yes a foreigner must be vaxxed to enter singapore. Same as for the US and switzerland. It's so dumb!
@JoshuaHoe Жыл бұрын
That's a first. Never heard of such a thing 🤔. I just checked some Singapore bank websites and they didn't state that?
@steltoronto7553 Жыл бұрын
@@JoshuaHoe Nevermind what's a first and the websites..... Listen to Andrew when he puts out a video on Singapore. To enter that country you have to be vaccinated to open an account you have to go in person . No VAXXXX no account ! 🙂👍
@JoshuaHoe Жыл бұрын
@@steltoronto7553 I am a Singaporean anyway 🤣. Yeah I seen the requirements now in the immigration website and you are right. Because in order to apply for/renew a work pass and come work in Singapore, u must be fully vaccinated first. 🤔
@steltoronto7553 Жыл бұрын
@@JoshuaHoeSpot on my friend. 🤣👍
@ubermenschen3636 Жыл бұрын
Don’t bank In Switzerland; it bends backward to satisfy FATCA and IRS .
@vktravellog1242 Жыл бұрын
Exactly!
@Shadowguy456234 Жыл бұрын
Welllll considering I moved here to work... 😅
@michaelyucon588 Жыл бұрын
It’s pretty much not possible for US citizens to park money in Swiss banks.
@Imhim247 Жыл бұрын
I find it cool some countries will still allow you to keep your US Bank and open account in their countries
@matthewsongloong9573 Жыл бұрын
There's that joke about Swiss banks where the teller says it's no shame to be poor when someone tries to quietly deposit a million... It's all quite discrete over here. Private bankers do tend to manage assets indeed, and sometimes do lose money... There's a certain way of life here (like it or not) that somehow still tends to work: low inflation of only a few percents while other countries...
@tstcikhthys Жыл бұрын
* discreet
@matthewsongloong9573 Жыл бұрын
@@thanksforyouruploads With an average Swiss income or higher, I would say yes, although I also prefer free toilets (which are here too!)
@hanrsk1052 Жыл бұрын
Which Singapore Banc is offering accounts for non residents? Walked in at Standard Chartered some time ago when I was visiting and they refused.
@leonardchua12345Ай бұрын
Standard Chartered is a British bank. Try DBS
@brankelly19218 ай бұрын
The kind of information and insight i'd pay for. Thanks so much!
@nomadcapitalist8 ай бұрын
We appreciate your positive feedback! If you're interested in learning more and seeking assistance with banking, citizenship, or residencies, consider becoming our client: nomadcapitalist.com/apply/
@dragasan Жыл бұрын
Banks; where the customer is the bank. 😄
@giuliomariani8933 Жыл бұрын
Where’s that?
@wendyshoowaiching416111 ай бұрын
No Bank is Safe Enough. Any Bank where government and civil law can interfere is not consider safe. If I have over US$1 B. I would open my own private bank (self manage) at my own terms and insured the capital (loss)
@SwissBankingLawyersZurich4427 ай бұрын
You are right: private banker are product pushers not consultant
@beachboys19912 ай бұрын
Working with Swiss banks is one thing. However, when working with external asset managers you oftentimes receive a more personalized service. Therefore, do you also work with asset managers or with banks only?
@lucasantelo7366 Жыл бұрын
You accurately captured the nature of Swiss folks. So nebulous, oder?
@xBLUMONKEY Жыл бұрын
Loving the videos. Can you shed light on getting a second passport as a felon? I made a mistake in my youth and am still paying for it, looking to leave the states at some point
@muffemod Жыл бұрын
You can leave the states with a US passport.
@consultante1650 Жыл бұрын
I think Paraguay just reject killers, pedophiles and rapers as I read. But maybe you have jewish ancestors. Isrealhell takes all criminals.
@shahfaisal8510 Жыл бұрын
Excellent
@nomadcapitalist Жыл бұрын
Thanks.
@tombanks8680 Жыл бұрын
Nice Bill Burr impression.
@SwissTanuki Жыл бұрын
I have 5 swiss bank accounts and I will not change that. Also I'm Swiss living in Switzerland.
@money3ss8 ай бұрын
U can open account remotely without going to Spore
@MyLatinLife Жыл бұрын
Great overview!
@nomadcapitalist Жыл бұрын
Thank you.
@mariongreen9065 Жыл бұрын
use a foreign entity to open a bank account in Switzerland like a private express trust
@CliveLancaster Жыл бұрын
Switzerland has opened its books to other countries for tax and can't recommend any financial advice they give from experience.
@benkim2016 Жыл бұрын
There must be some embezzlement by employees in both!!
@toddhayes3506 Жыл бұрын
Great Job
@ericeverson5956 Жыл бұрын
Don't take this in a "gay way", but what are you eating for breakfast, Sir. You look great. WOW!!!
@HigginsLawLLCWinterHaven Жыл бұрын
recently.married
@sammygoh Жыл бұрын
What can a Singaporean that is working overseas and cannot bank in Singapore since they are planning to tax Singaporean when we bring our money home.
@IslamicRageBoy Жыл бұрын
Prestige 😂. The Swiss can go have fun no longer being neutral. Europe is done
@arisioz Жыл бұрын
Thankfully! At least the only reason why Europe is still relevant ain't their oil and their filthy secular monarchy.
@nayanmipun6784Ай бұрын
Could you talk about Dukascopy bank
@ahss6275 Жыл бұрын
Excellent information and approach , Andrew 👌👏👏👏👏👏🍻🍻🍻
@antb533 Жыл бұрын
Sepa sucks from CHF... Personally I think UK or CAD offshore banks are better.
@ronpep2456 Жыл бұрын
Can you open a bank account in Singapore remotely? I tried it and it didn't work
@jim-ce5kt Жыл бұрын
NO!
@merrykrichtsamt Жыл бұрын
Who can trust Switzerland after the Credit Suisse disaster? The regulator in the country is a joke.
@Rainy_Day12234 Жыл бұрын
Cayman Islands
@adventuresfloridatothailan5217 Жыл бұрын
I'm moving to thailand . Where is best place to banking? Are there banks from usa in Singapore?
@praveensomashekar82 Жыл бұрын
Credit Suisse failed.
@jazzmancoltrane Жыл бұрын
Mauritius or Liechtenstein
@vasionok Жыл бұрын
How do you have bank account in Singapore if you are not resident? I thought residency is required.
@mjmf143010 ай бұрын
Non residents may be able to open bank accounts with some banks in Singapore but these customers may not have access to the full suite of private banking services services (investments, fund transfers, etc) as the resident counterparts due to taxation and residency laws.- from a Singaporean.
@ubermenschen3636 Жыл бұрын
Since Henderson lives in Malaysia, what percentage of his banking is done in Malaysia?
@alexanderp.1391 Жыл бұрын
He lives everywhere
@caronridge6912 Жыл бұрын
Malaysia is a very good place for banking, waay better than US and Canada. But you must have a malaysia visa to be able to have a bank acct in malaysia. Numerous international banks are in malaysia, including the singapore banks.
@HigginsLawLLCWinterHaven Жыл бұрын
I thought he banked in Singapore
@caronridge6912 Жыл бұрын
@@HigginsLawLLCWinterHaven I think he banks at OCBC in Singapore, and so probably at OCBC in Malaysia too as they're fairly seamless and easy to move assets back & forth between the two - for no charge. All singapore banks have ops in Malaysia, including Private banks now like BOS that require 7-figure minimum deposits.
@LimbovitschHaim4Mir9 ай бұрын
careful with CiMB malaysia, stilling funds of clients, regularelly !
@JLW667 Жыл бұрын
0:28 Perhaps use both
@YasinNabi Жыл бұрын
Passive income is the only way to become millionaire... work on your passive income streams .... a fellow creator, subbed ^^
@saifalarabi4491 Жыл бұрын
How about HK? Are they still keeping real secrecy? Where's the banks that they will not block your account just because you transfered a big load of money?
@caronridge6912 Жыл бұрын
I think it depends on the bank there. HK is great because the dumb west broke all its extradition & cooperation treaties with HK, so now your funds are safe there from your home govt who can't do bleep with your funds in HK on behalf of your govt. But on the other hand, english is much worse in HK than in SG and CH.
@arisioz Жыл бұрын
HK was invaded by the PRC almost 3 years ago. Might as well store your money in Liaoyang Rural Commercial Bank.
@marvinwilliams793812 күн бұрын
HK is better than Singapore, don’t want to say too much. Thank me later.
@beammie2858 Жыл бұрын
Are there any bank in Singapore that requires less than 250K SGD?
@mjmf143010 ай бұрын
For private priority banking membership in Singapore, highly unlikely. Cheers- a Singaporean.
@xxxs8309 Жыл бұрын
Switzerland debt to GDP ratio is much lower than Singapore
@caronridge6912 Жыл бұрын
Yes, but Singapore has way more assets and less NET debt. Most importantly, the debt in Singapore is like the debt in China - used for constructive purposes like industry & infrastructure. Whereas Switzerland is a high-tax, welfare state.
@caronridge6912 Жыл бұрын
@@thanksforyouruploads Thanks for the ego boost, but I live in singapore, and actually I'm a girl - not a guy - lol.
@hymnofashes Жыл бұрын
I want the citizens of some country to pay for services I use, but I don't want to pay any tax myself. I want to receive, but not give. Please help me!
@keffinsg Жыл бұрын
The Native Americans already paid for all your services by giving you (involuntarily) their lands. Go parasitise somewhere else.
@HigginsLawLLCWinterHaven Жыл бұрын
usa
@arisioz Жыл бұрын
It gets even worse when you get to understand that profits made by Singapore are used for the invasion of Taiwan and beyond. Let's not forget that Singapore is simply the PRC's tax haven tentacle.
@user-hs2hd7wp9g Жыл бұрын
Lmao, can tell that someone was rejected by Swiss banks and is butthurt about it
@shawnmcdonald9070 Жыл бұрын
Are there any countries in Africa that are worth a look for us nomad capitalists? Morocco perhaps?
@redx11x Жыл бұрын
Rabat is nice
@billballer7779 Жыл бұрын
The main problem with having your money in Singapore is that it is surrounded by countries that could decide to invade at any moment. Switzerland is a land-locked country right in the centre of Europe, so you'll have plenty of time to move your money elsewhere if it were to be attacked.
@SriRam-fp1kt Жыл бұрын
That's not true, lol. Singapore has the strongest military in SEA plus none of the countries surrounding it are capable of that. To add, Singapore is pro-US hence US submarines in SEA will be behind their backs in a jiffy.
@kronos77 Жыл бұрын
This makes absolutely zero sense. Both could be invaded at the same rate.
@harisadu8998 Жыл бұрын
Always think about the most fringe possibilities, right? Furthermore, your money is not sitting there as cash in a vault.
@harisadu8998 Жыл бұрын
@@svensulzmann4282 Please also remember that both countries are conscription countries meaning that both have armies that are half decent as well.
@billballer7779 Жыл бұрын
@@SriRam-fp1kt The countries could join forces to form some sort of military alliance, it doesn't need to be an individual state attacking. Singapore is not in NATO, so I wouldn't put too much faith in the United States intervening. At least Switzerland is surrounded by neighbouring countries that are in NATO.
@giuliomariani8933 Жыл бұрын
Yes sure, Singapore…..but you will be dealing with Singaporean employees, managers who have only rules in their totally conditioned minds. No flexibility, no vision, no real customer view but rather company indoctrination, limited product offers for investment, extreme burocrazie to the level of stupidity. With a medium Swiss bank you will get personal friendly service together with intelligent flexibility.
@s_u_n_j_a_y25 күн бұрын
🤣
@LimbovitschHaim4Mir9 ай бұрын
to compare Swiss vs Singapore it is like to compare diск vs finger !
@J0HN_3_16 Жыл бұрын
This video would be more useful if you critiqued individual banks.