In Singapore, a nominee director can open a bank account on behalf of a company, but there are certain requirements that must be met.
Firstly, the nominee director would need to provide the necessary identification documents, such as a passport or NRIC (National Registration Identity Card), as well as proof of address. The bank may also require additional documents such as the company’s Certificate of Incorporation, Business Profile, and other relevant corporate documents.
Secondly, the bank may require the nominee director to provide additional information about the company’s activities and the source of its funds.
It’s important to note that the nominee director is acting on behalf of the company and must act in the best interests of the company. Therefore, the nominee director must ensure that all the necessary documents and information are provided to the bank and that the bank account is used for legitimate business purposes.
It’s also worth noting that some banks in Singapore may require the physical presence of the company’s beneficial owner(s) or other authorized signatories to open a bank account, even if a nominee director is appointed.