HOME
  ABOUT US
  TAX SERVICES
  OFFSHORE SERVICES
  BANKING FACILITIES
  VIRTUAL OFFICES
  RESOURCE CENTER
  CONTACTS
 

Related Topics:

Singapore Corporate Income Tax Overview

Singapore Personal Income Tax Overview

How to Register a Singapore Company

Registering a Singapore Subsidiary Company

Registering a Singapore Branch

Registering a Representative Office in Singapore

Corporate Taxes

Our Services

Contact Us for Foreign Company Registration in Singapore

Information Index


Recent News

New Tax Reliefs Announced by Singapore Government in 2008 Budget

Benefits of Setting Up a Singapore Company

India and Singapore Further Expand Free Trade Agreement


Corporate Bank Account in Singapore - Frequently Asked Questions

Qn. What banks can I open a corporate account with in Singapore?
Ans. Singapore has an excellent choice of well-reputed local and international banks for opening corporate accounts. We normally work with the following banks:

Qn. What are the bank account opening requirements? Do I have to be present for the account opening procedure?
Ans. The specific requirements for opening a bank account vary from bank to bank. Most of the banks require that the bank signatories be personally present for the account opening procedure. Our close working relationship with some banks enables us to handle the account opening paperwork without the client coming to Singapore.

Qn. How long does it take to open a bank account?
Ans. Depending upon the bank, it may take from one day to few weeks and whether or not you are present in Singapore for the account opening process.

Qn. Can I open a multi-currency account?
Ans. Depending on the bank, you can either open a single multi-currency account or different accounts for different currencies. 

Qn. Can the bank account be opened before incorporate the company? If not, how soon after incorporating the company can I open the bank account?
Ans. The bank account can only be opened after the company has been incorporated. Upon incorporation of the company, we will prepare the necessary company documents required for opening the bank account and immediately initiate the bank account opening process with the bank of your choice.

Recommended Notes

Qn. What assistance do your provide in opening a corporate bank account?
Ans. Once the company has been incorporated, we will prepare the necessary corporate documents required by the bank and liaise with the bank officer regarding the bank account opening.

Qn. Can I freely move funds between my home country and Singapore?
Ans. There are no restrictions in Singapore for moving funds in and out of Singapore. You should check with a qualified professional  in your home country regarding the rules and regulations there.

Qn. Is the bank account opening guaranteed?
Ans. The bank is the decision making authority on opening the bank account and not us. Usually the bank will conduct their due diligence (often called "Know Your Client" due diligence) on the proposed activities of the company as well as the background of the principals involved. Under normal circumstances, there should not be any problem with opening the corporate bank account for a Singapore company.

Qn. Where can I find more information about Singapore company incorporation?
Ans. For more details, please visit Singapore Company Registration page.

Related Topics:

Singapore Corporate Income Tax Overview

Singapore Personal Income Tax Overview

How to Register a Singapore Company

Registering a Singapore Subsidiary Company

Registering a Singapore Branch

Registering a Representative Office in Singapore

Corporate Taxes

Our Services

Contact Us for Foreign Company Registration in Singapore

Information Index


Important Resources
 
 
 
 
  © 2000 - 2010 Rights Reserved. AsiaBusinessFormation.com