Singapore has excellent and varied choices of well-reputed local and international banks for opening corporate accounts. Standard Chartered – www.standardchartered.com.sg HSBC – www.hsbc.com.sg Citibank – www.citibank.com.sg DBS – www.dbs.com.sg UOB – www.uob.com.sg Maybank – maybank2u.com.sg
Company Incorporation FAQs / Singapore Corporate Banking
The opening balance has to be credited directly to your bank account after the account has been opened and fully activated.
The following documents will be provided by the client for the opening of a corporate bank account in Singapore: Director’s resolution to open a bank account Memorandum & articles (M&A) e-notification of the incorporation Company profile Bank application forms
Banks require the company M&A, and the incorporation certificate. Some banks however may require further documentation such as bank reference and proof of residence.
The specific requirements for opening a bank account vary from bank to bank. Most of the banks require the bank signatories to be personally present for the opening of the bank account. Due to our close working relationship with some banks, it enables us to handle the account opening paperwork…Read More
Depending upon the bank, it may take anything from one day to a few weeks.