{"id":92875,"date":"2023-07-31T13:44:47","date_gmt":"2023-07-31T05:44:47","guid":{"rendered":"https:\/\/premiatnc.com\/ind\/?page_id=92875"},"modified":"2025-12-01T17:32:29","modified_gmt":"2025-12-01T09:32:29","slug":"singapore-corporate-bank-account-opening","status":"publish","type":"page","link":"https:\/\/premiatnc.com\/ind\/services\/singapore-corporate-bank-account-opening\/","title":{"rendered":"Singapore Corporate Bank Account Opening"},"content":{"rendered":"\t\t
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Singapore Corporate Bank Account
Opening Services<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Establishing a Corporate Bank Account in Singapore<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Initiating Corporate Banking Services in Singapore<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Once a business has been successfully incorporated, entrepreneurs and investors may wish to evaluate the necessity of a corporate bank account in Singapore for conducting business transactions. Being amongst the 20 most secure banking systems globally, Singaporean banks offer cutting-edge facilities including internet banking, debit cards, digital security tokens, multi-currency accounts, letters of credit, and more.<\/p>

Our firm maintains strong partnerships with Singapore’s prominent banks such as DBS, OCBC, UOB, along with international banks like Citibank and HSBC. We are well-positioned to facilitate the process of opening a bank account for your company.<\/p>

Moreover, we offer the convenience of opening your account remotely via a video call. This eliminates the need to physically visit Singapore. However, the bank must complete its review process before the video call is scheduled (approval dependent).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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What's the process to open a corporate bank account?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The process of applying for a corporate bank account can only commence after the company’s incorporation. During this process, the company must submit relevant business documents for an initial bank review. This process typically takes around 3 to 4 weeks.<\/p>

After the completion of the review and acceptance of the application by the bank, further arrangements for a video call meeting can be coordinated with the company director and authorized signer(s). Please be aware that the final approval for the bank account lies with the bank’s compliance team.<\/p>

The following business support documents are needed for the bank’s initial review:<\/p>

Certificate of your current company’s incorporation;<\/b><\/p>

  1. Recent invoices from your existing business (like suppliers and customer invoices);<\/li>
  2. Certificate of incorporation of your current company;
    List of suppliers and customers from your existing business;<\/li>
  3. Director’s CV\/ Resume;<\/li>
  4. Any existing business contracts or agreements.<\/li><\/ol>

    Feel free to reach out to us for more information on selecting a bank and understanding their respective requirements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Bank Institution Types<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Deposit-accepting institutions in Singapore span local & full banks, wholesale banks, merchant banks, and finance companies. You can learn more about these institutions and their permitted activities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Local and Full Banks<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Local and Full banks are governed by the Banking Act and are authorized to perform universal banking, including:<\/p>