Advantages Introduction
Opening a Singapore Bank Account
Singapore stands as the world's fourth-largest forex trading hub.
Account opening is straightforward.
Remote account opening is possible and once a Corporate Singapore bank account is opened, international trade payments can be settled freely.
Singapore is an ideal country with stable social and political conditions, sound fiscal systems, and well-developed financial infrastructure.
Due to its developed banking sector, Singapore enjoys a high international reputation, ensuring asset globalization is more secure, and financing and loan facilities are more accessible, making it easier to gain international capital support.
Processing Steps
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Collect, prepare, and fill out documents. -
A bank account manager will pre-screen your account opening documents.
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Schedule a meeting with the account manager for account opening.
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Wait for results.
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We provides one-year follow-up service.
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Registration Complete
Bank Account Opening
Premier Banking Account
S$1200
Offering numerous functionalities and strong financial features, we recommend the most suitable bank accounts based on the client’s unique needs. Personal VIP bank accounts generally require a minimum deposit of S$350,000. Private bank accounts typically require a minimum deposit of US$3 million.
Offshore Company Singapore Bank Account
S$2000
Offshore companies from Hong Kong, BVI, the UK, etc., can apply for accounts. We maintain good relationships with major international banks and can arrange for account openings in Singapore through face-to-face or remote methods.
Singapore Company Account Opening
S$800
The difficulty of opening bank accounts for Singapore companies is increasing. We provide full technical support and provide a high success rate, with a full refund if the account opening is unsuccessful.
Main Local Banks
DBS Bank
Founded in 1968 as the Development Bank of Singapore, DBS Bank, renamed on 21 July 2003, is headquartered in Singapore. It is considered the largest bank in Singapore and Southeast Asia by assets.
OCBC Bank
Oversea-Chinese Banking Corporation Limited, commonly referred to as OCBC, is the second largest bank in Singapore. Established in 1912, OCBC now operates over 630 branches and offices in 18 countries globally.
UOB Bank
United Overseas Bank, abbreviated as UOB, is a multinational bank headquartered in Singapore. Established in 1935, it is the third-largest bank in Southeast Asia by total asset value.
Our Commitment
FAQ
What are the requirements for opening a bank account in Singapore?
Each bank has different requirements for opening accounts. For offshore companies, operational proof of the existing business is generally required to help banks understand the client’s operational status through these documents.
How many days does it take to open an account?
The time it takes for each bank to process account opening varies, with general bank account opening operations taking about 1-2 weeks.
Can I open an account without a Singapore permit?
Without a long-term permit, it is not possible to open a regular bank account in Singapore, but a VIP account can be opened. The account balance requirement is S$200,000 or equivalent in foreign currency (varies slightly between banks). Once the account is opened, the funds in the account can be used for financial management, investment, or purchasing insurance products.
Can I remotely open a Singapore bank account?
Yes, some banks offer remote account opening services. However, you should also be aware that some banks may require you to visit the bank in person for verification or to provide additional documents and information.
Can I use a foreign company to open a corporate bank account?
Yes, foreign companies can open corporate bank accounts in Singapore. However, additional requirements and due diligence may be necessary, such as providing documents from foreign jurisdictions, proof of business activities, and the appointment of a local representative.
Can my Singapore company have multiple bank accounts?
Yes, your Singapore company can have multiple bank accounts. Having multiple accounts provides operational flexibility, isolates funds, and facilitates different financial activities such as payroll, payments, and investments.
Can I move my funds freely between my country of residence and Singapore?
There are no foreign exchange controls in Singapore. Under normal business operations, you can freely move funds in and out of Singapore.