Reasons for opening a bank account in Singapore
- Singapore is economically and politically stable
- Singapore provides international reach to other Asian countries
- Easy to open and manage bank accounts through online platforms
- Comprehensive banking support on global approach
- Increasing cross-border trade and investment in the ASEAN community
Different bank have different requirements for account opening, normally required:
- Original copy of all incorporation document of the company, e.g. Certificate of Incorporation, Business Registration Certificate, Memorandum and Articles of Association (for newly incorporated company)
- Address proof, e.g. telephone bill, electricity bill or personal bank statement, for both director(s) and shareholder(s)
- Passbook copy for both director(s) and shareholder(s)
- Opening document certified by CPA
- Business proof, e.g. business plan of the company
Processing Time:
Depending on the completeness of submitted documents and information, the normal trun around time will be 1 day (e.g. HSBC). For some banks, it may takes around 10 days to complete checking.
Our client normally could obtain the bank account in one day if they are introduced by us or processed the application through our company.
Fee:
Our minimum fee for account opening process is HKD5,000 (not including bank charges and courier fee etc.)
