Learn the requirements, procedures, and benefits of setting up a corporate bank account in Singapore.
Singapore’s reputation as a global financial hub makes it a top choice for entrepreneurs.
To open a corporate account, a company typically needs:
- Certificate of Incorporation and Business Profile (ACRA)
- Resolution from directors authorizing the account opening
- Identification documents of directors and signatories Benefits include:
- Access to multi‑currency facilities
- Online corporate banking platforms
- Dedicated relationship managers Many banks offer fast‑track onboarding for new businesses, especially those with local directors and registered offices.
FAQ:
Q: Can foreign‑owned companies open accounts?
A: Yes, but additional documentation may be required.
Q: How long does the process take?
A: Usually 1–3 weeks after document submission.
User Comments:
- “The bank’s corporate team guided us through every step.”
- “Multi‑currency features simplified our overseas payments.”
Editor’s Note:
Preparation is key—have all documents ready to avoid delays.
Tags: corporate account, business banking Singapore, company finance
About the Author
Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source.
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