Bank Account Opening

// about service

BANK ACCOUNT
OPENING

Singapore is one of the leading financial hubs in the world. With its advanced technology, low taxes and efficient transport and infrastructure, Singapore is the place to be for entrepreneurs who wish to expand their business globally.

Singapore has topped the World Bank’s list as the best country to do business for nine consecutive years and has a solid reputation as a financial centre.

Major Local Banks in Singapore

Opening a corporate bank account in Singapore is not easy because the country has stringent laws and regulations to prevent money laundering, terrorist financing, and tax evasion.

Therefore, consultation with incorporation agencies like Enterprise Assurance PAC is advisable. We at EAPAC have developed strong ties with local bank officers. Our staff can assist you in the process of completing all the necessary paperwork and arrange a meeting with the bankers in our office or accompany you to the bank to open a corporate account.

To assist you in choosing which bank you should open an account with, here are the top four banks in Singapore:

// otherwise known as OCBC

Oversea-Chinese Banking Corporation Limited

// merged with POSB, known as DBS

DBS Bank Limited

// otherwise known as UOB

United Overseas Bank

Far East Bank Limited

// DOCUMENTS REQUIRED FOR OPENING A SINGAPORE BANK ACCOUNT

To set up a personal savings account, you will need the following:

Application Form
Certified True Copy of the Certificate Confirming Incorporation of Company (“Certificate”)
Certified True Copy of the Official Company Register (known also as the Business Profile) to evidence the current directors and its shareholders
Certified True Copy of the Company’s Memorandum and Articles of Association
NRIC / Passport Copies of the proposed bank signatories
One Certified True Copy of the Company’s Business Profile from ACRA
Resolution by the Board of Directors approving the account opening and appointment of the signatories for the bank account.
Minimum Deposit

// We transform businesses

The EAPAC Advantage

Incorporation of your company within one to two days provided you have submitted complete requirements.

Fast Turnaround
Time

You will receive expert guidance and advice in your company set-up or should you have other business ideas or requirements. Our phone lines are always open if you have any questions.