Singapore is not only one of the world's fourth largest financial centers, but also one of the most powerful international shipping centers. Singapore has a safe and orderly business environment, as well as political stability. Hundreds of banking institutions around the world have established branches in Singapore, and many professional banks can also provide language communication services including Cantonese, Mandarin, and English.

Singapore account advantages

As a sovereign country with sound financial mechanisms, accounts and commercial information can be better protected

Unregulated by foreign exchange controls, free transfer of funds, and convenient settlement of international trade funds

Multiple currency options, free currency exchange, low conversion rates and transaction fees

The daily operation of the account is simple, and transactions can be made directly through online banking

The success rate of opening an account is high, and the process is simple. Generally, providing genuine, valid, and sufficient documents and business contracts is sufficient

Banks enjoy international reputation, high security ratings, and numerous branches

Flexible account opening mode, no need for personal visit, with a high proportion of Chinese bank managers

Rengang Yongsheng's Assistance in Booking Singapore Account Opening Advantages

Long term and stable cooperative relationships with international banks in Singapore

The internal secretary agency of the bank has a high comprehensive rating and a good reputation

Can provide bank appointment account opening services for both Singaporean companies and individuals simultaneously

Provide customers with detailed and professional bank account opening advice accurately and effectively

Timely account approval and follow-up, and able to provide professional guidance for bank account opening follow-up

Required documents for opening an account

Company registration information, such as company registration certificate, business registration certificate, articles of association, corporate establishment form or annual declaration form, etc

Identification documents of shareholders, directors, and signatories, as well as proof of address for the past three months

Business proof materials, such as orders, purchase and sales invoices, contracts, bills of lading, etc

Related company registration information

Personal and affiliated company bank statements for the past three months

Visa or Master Credit Card

Account opening method

In person account opening: The company's directors will be present at a bank in Singapore. Generally, the required signature documents for account opening can be completed on the same day, with an estimated completion time of 20 working days (subject to the bank's approval time)

Video account opening: The company's directors can video or witness the account opening at designated branches in mainland China, which takes about 30 working days (specific approval time by the bank shall prevail)

Account opening process

Submit account opening application

Approval from bank due diligence department

Due diligence passed and the final account number was approved

Send out a checkbook

Send out passwords for online banking and other services

Confirm online wealth management password activation

First online wealth management login service

Sending or receiving withdrawal cards and passwords

Deposit activation funds