Opening a Corporate Bank Account in Singapore

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Once the company has been incorporated, you may open a corporate bank account in Singapore with any of the local or international banks based in Singapore.

When opening a company bank account, most Singapore banks require that the account signatories and directors be physically present in Singapore for paperwork signing. If you are unable to come to Singapore, some banks may accept the signing of documents at one of their overseas branches or at a Notary Public. For people unable to travel to Singapore in person, this flexibility may help make the process smoother.

It’s also vital to keep in mind that some banks can have particular rules or eligibility requirements for opening corporate accounts. Therefore, it is wise to do some research and contrast the services provided by several banks to determine which one best suits the financial requirements of your firm.