Company Formation
in Singapore
from US$ 1039

A physical presence is required to open a bank account in Hong Kong or Singapore.  In contrast, for other jurisdictions like Switzerland, Mauritius, St. Vincent, etc., you can take advantage of remote applications and leave most of the job to our skilled staff. With a few notable exceptions, the entire process can be handled digitally and through the mail. Even better, if you'd like, you can schedule a one-on-one appointment with the Bank Account Manager we work with.

This is essential. For most banks, the KYC paperwork must be notarized to show that the company is legitimate.

No. When you select the option to open a bank account, we will work closely with you to determine which prime bank is the best fit for your specific situation.

The bank will evaluate the details of your business and your personal information before deciding whether or not to provide you an account.

The bank will do a compliance check once all necessary paperwork has been submitted. Depending on the bank you choose, the approval and activation of the account can often be completed in 7 business days.

Bank accounts in the following countries: Hong Kong, Singapore, Switzerland, Mauritius, Saint Vincent & the Grenadines, and Latvia are all possible with our help.

Depending The bank's service fees will apply to this.

A Singapore bank account provides greater freedom, security, and profitability; therefore, to expand your business, you should open a Singapore bank account.

Numerous nations ensure bank secrecy. In some jurisdictions, it is a crime for a bank employee to divulge any information regarding a bank account or its proprietor. In Singapore, currency control is markedly less stringent than in high-tax nations.

In addition, Singapore bank accounts can evade the high service fees that have become standard in domestic banking. Typically, Singaporean institutions offer very attractive interest rates. Since all purchases are deducted from the Singapore bank account, Singapore credit and debit cards offer a certain level of discretion.

Moreover, certain Singapore institutions are financially stronger and better managed than even the largest domestic banks. This is because Singapore banks are required to maintain a greater proportion of liquid assets to accumulated debts.

For the aforementioned reasons, it may make sense to operate a bank account in Singapore, where it is protected from domestic tax authorities, creditors, competitors, ex-spouses, and others who may seek to seize your wealth.

The banking fees vary depending on the institution that holds your account. The annual maintenance fees for the account are estimated at around 200 euros. We do not charge any additional fees after an account has been opened.

Typically, bank documents require you to provide the following:

Certified copies of a corporation's certificate of incorporation, bylaws, and memorandum and articles of association

The directors' decision to establish a bank account.

Additionally, all institutions require proof of beneficial ownership in the form of certified copies of passports and pertinent Board resolutions.

Banks must understand their customers' businesses, so we will require clients to provide us with detailed plans for the operations of their new company.

As a prerequisite for establishing a new account, the majority of banks require an initial deposit, and some may also require significant minimum balances to be maintained.

Once the bank account has been opened, a multi-currency account can be selected. This will enable you to maintain multiple currencies in a single account.

When a new currency is utilized, the bank will automatically establish a "sub-account" so that no exchange fees are incurred.