1. Singapore
Bank Score: 9 FSI Score: 18 Total Score: 27
(FSI Score breakdown: FSI Rank: 4; FSI 1,147.1)
Honk Kong’s long-time rival has managed to snatch the first place on our list. The combination of a high number of trustworthy banks and high FSI (fourth overall) have secured top spot among 10 best countries for offshore banking for Singapore. The world’s only island city-state seems to be doing everything right when it comes to attracting offshore accounts. Traditionally oriented to Southeast Asia, Singapore is seeing more and more Chinese accounts being open, as they try to stay out of the grasp of the Chinese government.
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