Articles

How To Open A Bank Account In Taiwan

The Taiwanese economy is among the largest in the world. The Central Bank of the Republic of China (which is also technically the central bank of Taiwan) was established in 1924. It is administered under the Executive Yuan of the

How To Open A Bank Account In Switzerland

The banking secrecy and privacy laws of Switzerland are world-renowned. Starting as a way to protect wealthy European banking interests, Swiss banking secrecy was codified in 1934 with the introduction of the Federal Act on Banks and Savings Banks. Switzerland

How To Open A Bank Account In Sweden

The financial sector in Sweden is of fundamental importance to the economic wellbeing of the country, and it helps ensure that both private and business lives continue to function adequately. The Swedish banking system is well developed and is considered

How To Open A Bank Account In Spain

The banking industry in Spain experienced significant expansion in the early 21st century, only to take a huge knock when the 2008 housing crisis hit. During this economic slump, many regional savings banks either closed or merged with other banks.

How To Open A Bank Account In South Korea

The banking system in South Korea is advanced. The banks there are comparable to typical Western banks that many expats are familiar with, and they are considered to be much more simple and user-friendly. The main issue, when it comes

How To Open A Bank Account In South Africa

South Africa’s banking sector is highly concentrated, with the five largest banks holding over 90% of total assets in February 2019. At first glance, the South African banking system can seem somewhat complicated, but this means that foreigners will find

How To Open A Bank Account In Slovakia

Slovakia has been enjoying a strong economic growth in recent years, along with historically low unemployment rates and a significant decrease in public debt (which declined by just under 50% between 2018 and 2019). In the same year, wages increased

How To Open A Bank Account In Singapore

The banking industry is a key player in Singapore’s financial market segment, which has been emerging as one of the strongest in the world. The city-state is considered an international finance centre – the third largest in the whole of

How To Open A Bank Account In Saudi Arabia

Saudi Arabia is home to over 30 local and international banks, so if you are an expat living there, you won’t struggle for options when it comes to banking. Studies conducted in 2019 show that four domestic banks in the

How To Open A Bank Account In Russia

Over recent years, the Russian banking system has had to navigate a tumultuous financial landscape, from the significant fall of the Russian Ruble and political instability to various international sanctions. The Russian banking system comprises two main parts: commercial banks