Opening a bank account for a Singapore company
Fully remote procedure
Accounts can be opened with various banks
From 1200 EUR
Professional assistance and full support at every stage of the bank account opening process.
Opening a corporate bank account is one of the key steps in building a business. Despite Singapore’s reputation as a leading global financial hub, strict regulatory requirements and internal bank policies can make this process challenging, often resulting in delays or rejections.
Our company has extensive expertise and in-depth knowledge in opening bank accounts in Singapore. We understand that success in this area requires a meticulous approach and an individual assessment of each client’s situation. There are no easy shortcuts, but our team of experts is ready to provide you with the most effective solutions.
Our company has extensive expertise and in-depth knowledge in opening bank accounts in Singapore. We understand that success in this area requires a meticulous approach and an individual assessment of each client’s situation. There are no easy shortcuts, but our team of experts is ready to provide you with the most effective solutions.
Main scenarios for opening bank accounts
Each scenario has its own features, advantages, and requirements. Our goal is to help you select and implement the most suitable solution based on your business needs.
- Opening a primary account in a traditional Singapore bankA classic solution that provides access to the full range of banking services, including international transfers, loans, and foreign exchange operations. Traditional banks in Singapore are known for their stability, but the account opening process can be complex and require significant effort.
- Opening accounts in regional payment systemsA modern and flexible solution for Singapore companies that value speed, convenience, and technology. Such platforms provide access to multi-currency accounts, fast international transfers, and integration with popular online tools, making them an ideal choice for e-commerce, fintech, and internationally oriented businesses.
- Opening non-resident (NRA) accounts in Chinese banksSuitable for companies doing business in China or working with partners in the region. Chinese banks offer advantages such as easier RMB transactions and simplified interaction with Chinese counterparties.
- Opening non-resident (NRA) accounts in overseas banksRecommended for companies focused on global markets. The choice of bank may depend on the company’s business geography.
Opening a corporate account in a traditional Singapore bank
Opening a corporate account with a traditional Singapore bank is a strategic decision for companies looking to strengthen their presence in the Asian market and gain access to a wide range of financial services. As one of the world’s leading financial hubs, Singapore offers a stable banking system, a high level of confidentiality, and extensive services for corporate clients.
However, the account opening process can be complex and requires thorough preparation. Singaporean banks are known for their strict KYC and AML requirements aimed at preventing money laundering and terrorist financing. Therefore, when submitting an application, companies must be prepared to provide comprehensive information about their business activities, sources of funds, and ultimate beneficiaries.
However, the account opening process can be complex and requires thorough preparation. Singaporean banks are known for their strict KYC and AML requirements aimed at preventing money laundering and terrorist financing. Therefore, when submitting an application, companies must be prepared to provide comprehensive information about their business activities, sources of funds, and ultimate beneficiaries.
Banks
The largest bank in Singapore and one of the leaders in Asia. DBS offers a full range of banking services, including retail banking, corporate finance, and asset management. It is known for its innovation and extensive branch network.
One of Singapore’s oldest banks. OCBC is well established in the Southeast Asian region and provides a wide range of banking products and services for both retail and corporate clients.
The third-largest bank in Singapore. UOB specializes in corporate and investment banking, as well as serving small and medium-sized enterprises. It is recognized for its strong focus on sustainability.
An international bank with deep roots in Asia. Standard Chartered offers a wide range of services, including corporate finance, trade finance, and asset management.
A major American global bank with a significant presence in Singapore. Citibank provides an extensive suite of services, including retail banking, corporate finance, and investment banking.
One of the world’s largest banks with an extensive global network. HSBC offers a broad range of banking services, including international transfers, trade finance, and asset management.
The largest bank in Malaysia with a strong presence in Singapore. Maybank provides a wide range of services, including retail banking, corporate finance, and Islamic banking solutions.
One of Malaysia’s largest banks with a broad network across Asia. CIMB offers a comprehensive selection of services, including retail banking, corporate finance, and investment banking.
A private bank under the OCBC Group, specializing in wealth management services for high-net-worth individuals.
A regional bank offering a wide range of retail and corporate banking services. Known for its personalized client approach.
Documents required to order the service
On Boarding Memo
1
Corporate Documents
2
Shareholders and Directors Information
3
- Business License (营业执照) – an official document issued by government authorities confirming that a legal entity (company or organization) is officially registered and authorized to conduct business in China.
- Articles of Association (章程) – a document that regulates the internal rules and governance of the company.
- Documents Confirming Recent Changes (if any) – records of any updates or amendments to the company’s registration or structure.
- Passports of all shareholders and legal representatives (directors) – a copy of each shareholder’s and director’s passport is required for identity verification. This is a mandatory document for the bank’s due diligence process.
Proof of Business Activity
4
- Bank statements from the company’s existing account for the last 6–12 months (if available) – to confirm financial operations and the company’s stability.
- Office lease agreement in China – serves as proof of the company’s physical address and helps banks assess its reliability.
- Presentation of existing products and services – a description of the company’s products or services, helping the bank understand the business and revenue generation.
- Website – the current version of the company’s website, containing information about its activities, services, products, and contact details. This also supports verification of the company’s operations and public reputation.
- Financial report for the most recent period (if available) – such as balance sheets, profit and loss statements, or other documents to help the bank assess the company’s financial stability.
Service cost
Opening a Bank Account for a Singapore Company
€
3750
Bank Account opening in Digital Payment System
€
1500
Office address. Assistance in account opening
€
1200
Opening personal bank accounts in Hong Kong and Singapore
€
2450
Single representative services
€
1200
We guarantee that this price is final
Related services
Frequently Asked Questions
We open accounts in traditional banks (Chouzhou Bank, OCBC, Harbin Bank, HSBC Bank, Standard Chartered Bank) and in virtual payment systems (Lianlian Global and Airwallex).
If bank approval is obtained, account opening is guaranteed. Payment for the service is made only after the account is successfully opened.
Opening an account in a Chinese bank can take from several weeks to several months, depending on the bank and the complexity of document verification.
No, the director’s presence is not required; however, authorized representatives will need to visit the bank.
A virtual account is opened and managed entirely online, making the process faster and cheaper, but it offers a limited range of services.
A traditional bank account requires a bank visit, takes more time, but provides a wider range of services, including loans and investment options.
A traditional bank account requires a bank visit, takes more time, but provides a wider range of services, including loans and investment options.
Useful articles about bank account opening
Why choose us?
Licensed Corporate Secretary
Direct Services in China and Singapore
We provide services directly in Hong Kong, China, and Singapore without intermediaries. This speeds up the registration process and enables clients to manage their businesses more efficiently in these jurisdictions.
We are a licensed provider of corporate secretary services in Hong Kong, ensuring full compliance with local laws and regulatory requirements. Our license guarantees the reliability and security of the services we provide.
Comprehensive Turnkey Services
We offer not only company registration but also full support services: accounting, assistance with bank account opening, and handling correspondence at the company’s registered address. This ensures convenience and minimizes bureaucratic complexities for our clients.
Experience Since 2016
Since our founding in 2016, we have successfully assisted hundreds of companies in registering and efficiently conducting business. Our experience with international clients allows us to cater to the unique needs of each company, regardless of size.
Personal Manager for Each Client
Each client is assigned a personal manager who guides them through all stages of registration and ongoing support. This individualized approach ensures tasks are handled promptly and according to client expectations.
Confidentiality and Data Security
We guarantee complete confidentiality and protection of client data, strictly adhering to commercial secrecy regulations. Your information is secure at every stage of our cooperation.
Transparent and Fair Pricing
We provide clients with detailed cost breakdowns of all services, avoiding hidden fees. This ensures full transparency and predictable expenses.
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