Most banks require that the account signatories and directors be physically present in Singapore for the signing of official documentation at the time of opening a corporate bank account. However, some banks accept documents that are signed in–person at one of their overseas branches or witnessed by a notary public. 

Depending on the amount of investigation that a bank carries out to confirm the identity and/or creditworthiness of the directors, secretary and the company itself, it may take between few days to more than four weeks to open a new company bank account.

We highly recommend you be present in Singapore to open your bank account to avoid any delay. A bank always reserves the right to request the beneficial owner to be physically present prior to the approval of a bank account.

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