How Do I Open A Business Bank Account In Singapore
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Individuals are advised to contact the bank before going to open the bank account and ask if any additional documents are required.
How do i open a business bank account in singapore. If you feel that heading down physically to a bank branch to open a business account is a hassle you are not alone. We ve been through it. Start private banking or wealth management with the best banks in singapore for foreigners and expats.
Opening a corporate bank account in singapore is a relatively simple and straight forward procedure. As a non resident you can open an bank account in singapore it can only be a personal account and not a business account. For american s there is a chance that citibank may give you an account in singapore if you are a us citizen but do not hold your breath.
Singapore is home to many of the world s major banks and in general they will be happy to open a corporate account for any any entity whether singapore or offshore as long as the correct paperwork has been submitted and is satisfactory. The required documents to open a bank account in singapore are. As a foreigner you can apply for bank account opening in singapore even if you don t live there.
Singapore companies have plenty of options when it comes to opening a corporate bank account. You ll also need to meet with a bank representative if your company has many shareholders or some foreign directors. Most of the banks in singapore offer attractive features such as multi currency accounts internet banking credit cards trade financing freedom to move funds across countries and more.
Can i open a corporate bank account in singapore with a foreign corporate entity. An application form released by the bank the passport employment pass and an e mail address. They will require paperwork as well including memorandum of articles and resolution of board of directors among others.
Enjoy 24 7 instant online account opening with ocbc. It will also make it difficult to open an account in your own name if you re moving with your significant other and don t plan to work or study. Thankfully for new business owners both the ocbc business growth account and the ocbc business entrepreneur account can be opened instantly online.
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