How long does it take to open a bank account in Singapore?

Hello, happy with your question.

Opening a bank account in Singapore, do you mean a corporate account or an individual account?

Individual accounts will be faster and require a deposit.

1. Apply for opening an account of Singapore branch at the counter of ICBC business outlets in China by way of account opening witness, and the account opening time generally takes about 5-7 working days. 2. If the applicant is over 18 years old, he or she can apply to open a current account in Singapore branch separately; If the applicant is under the age of 18, he/she can apply jointly with his/her parents or guardians.

It usually takes about 2-3 weeks.

In addition, these documents are required to open an account: ID card, passport, and bank statements in the past three months.

Depending on the bank you choose, the time for opening an account will vary. The account opening process can be completed in as little as one day, while some banks may take several weeks.

It usually takes about 3-4 weeks to open a bank account and receive the account's online banking encoder.

As different banks will have different information and requirements for opening an account, generally speaking, the following information is required to open a Singapore bank account:

1) Certificate of Incorporation, Articles of Association;

2) information provided by directors, authorised signatories and beneficial owners;

3) Directors, shareholder identity certificates, address certificates, company directors and shareholder registers, etc.;

4) English curriculum vitae of the director who opened the account;

5) Bank statements, business contracts, etc.

Monday to Friday is 9 a.m. to 4 p.m., Saturday is 8:30 a.m. to 12 p.m., no work on Sundays, and banks are closed on holidays.

If you want to open a Singapore bank account, you must first determine the company account and individual account, the demand conditions are different, and it is more labor-saving and worry-free to handle it through a formal ** institution.

Singapore Bank Corporate Account Opening Requirements:There is no registration requirement for corporate accounts in Singapore, and corporate accounts in Commonwealth countries are supported.

Information required to open an account

1.Singapore: Hong Kong Company's Articles of Association: Constitution;

2.Company search bizfile;

3.Director's ID card and copy of passport.

Requirements for opening a personal account with a Singapore bank: The applicant must be over 18 years old.

Open an accountRequired Information:

1.Identity card;

2.Passport; Application form (provided by our company).

There is no need to be present in person, and it will take about 7 working days to get out of the house.

Overseas bank account opening plan: United States|Singapore |Hong Kong, Zancor Financial's overseas local bankers & lawyers team, 20,000+ case industry accumulation].

In order to successfully open a bank account, authentic and valid ** documents are indispensable. However, in addition to the ** documents, customers still need to prepare other information to prove their legal compliance in order to successfully open a bank account

1. Singapore local company:

1) Singapore company information report, certificate of incorporation, articles of association, passports of directors and shareholders, proof of address;

2) A personal resume of the director who opened an account, a certificate of incumbency, and our company can provide a template;

3) 1-3 copies of the business certificate of the director who opened the account, such as business contracts, agreements, invoices, etc.;

4) Fill in the account opening application form.

2. Other overseas offshore companies: (Hong Kong, Cayman Islands, BVI Islands, British companies, etc.) (1) An original letter of ** person issued by the company within half a year;

2) The original certificate of establishment of the company;

3) A copy of the original articles of association;

4) Directors, original identity certificates and address certificates, company directors and shareholder registers, etc.;

5) A personal resume of the director who opened the account in English, and our company can provide a template;

6) 1-3 copies of the business certificate of the director who opened the account, such as business contracts, agreements, invoices, etc.

To open an account with a Singapore bank account in a Singapore company, the following documents are generally required:

1. The company's articles of association m&a

2. Certificate of Incorporation CERT

3. Company search data bizfile

4. Bank introduction letter (if any).

5. ID card of the director and the designated signatory of the account A copy of the passport Depending on the circumstances, the Bank of Singapore may require you to provide additional documents. Normally, most banks in Singapore will require the designated signatory and director of the account to be physically present in Singapore during the account opening period. There are also some banks that accept signatures at their overseas branches or notary offices.

In the case of the customer's absence in Singapore, the bank account is handled:

If you are unable to leave your overseas business, you do not need to fly to Singapore in person to open a bank account.

Standard Chartered Bank Personal Account in Singapore.

Materials required: ID card, passport + KYC application form (we provide and assist in filling in), and the materials will be closed within 10 working days after arrival. No need for high pre-deposit, no need to be present, and direct mail under the card.

Singapore UOB (Dahua) company account, OCBC company account needs materials: company information + director certificate, about 7 days after the arrival of the materials, no need to go to Singapore in person.

To open a personal account with a Singapore bank, you need to:

1.Applicants should provide a passport to open an account, proof of identity and address for financial affairs2The applicant completes the bank KYC documents and confirms with the bank that the information is correct3Minimum fund requirement to guarantee a bank account (S$20W or currency equivalent).

Singapore personal bank account, required.

Passport; Identity card;

To open a Singapore corporate bank account, required:

Certificate of registration, a copy of the articles of association, purchase contract of affiliated companies, etc., a complete set of company information, directors' certificates: passport, ID card, address certificate, resume.

The most important thing is to have a Singapore-related business or an intended business, which is a necessary condition for opening a Singapore account.

To open a personal bank account in Singapore, the information required is:

Passport; Proof of residential address (e.g. ID card, driver's license, bank statement, utility bill, etc.);

Bank statement (showing the balance of funds).

To open a Singapore company bank account, the information required is:

Singapore company information: certificate of incorporation, bizfile, a copy of the articles of association;

Directors' Documents: Passport, ID Card and Proof of Address;

Business background information of the director: business license of the affiliated company, bank statements of the last 3 months, 2-3 business contracts. Whether the Singapore company intends to cooperate with the cooperation agreement, whether there is a local business or customer in Singapore.

At present, Singapore has become an international city that investors from all over the world are keen on, and more and more Chinese have set up companies in Singapore, as a powerful springboard for domestic enterprises to go global.

There are a few main points to choose Singapore.

1. Singapore is an independent country with relatively stable politics. (Recently, Hong Kong you also know that it is not very peaceful) 2. In terms of bank account opening materials, it is relatively simple to open a bank account in Singapore with a bank in Singapore.

3. From the perspective of CRS, Singapore and Hong Kong are both CRS members, but Singapore is an independent country, and the exchange of information will be less than that of Hong Kong, that is, the penetration is not so high.

Singapore's banks, from the beginning of the account opening needs to provide customers with a real background, this point, the bank is aware of the customer, the real customer to open an account, so the bank is relatively stable, the bank annual due diligence and even the account situation, Singapore's banks told the mainland that they have already passed this stage, they have already experienced these. So they are now banks are very stable.

UOB Singapore personal account opening information, ID card, passport.

Advantages: 1. Enjoy advanced services such as financial management, medical care, education, travel, catering, etc.

2 You can open an account remotely without using Singapore, the background check process is not complicated, and the account opening cycle is short.

3 SGD, USD, AUD, CAD, EUR, JPY, NZD, HKD, GBP and CNH accounts can be opened free of charge, with no account management fees permanently.

4 Dedicated VIP Wealth Management Relationship Manager for one-on-one high-quality service.

5 Singapore's local VIP bank, there is no restriction on transferring money to a third country, and you can open a Singapore corporate account, Singapore's largest DBS bank corporate account, no need to go to Singapore, only Singapore company information and director ID are required to open an account**.

Information required to open a bank account in Singapore:

1.Certificate of Incorporation, Bizfile, Articles of Association.

2.Account opening signatory.

3.Proof of address of the signatory.

4.Curriculum vitae of the signatory.

5.Business contracts and bills for the last six months of the domestic company.

6.Copies of the documents of all directors and shareholders.

7.Account opening questionnaire attached here.

Each company's personal circumstances are different, and the account opening information will be different, so it is necessary to analyze it according to the details.

When applying to open a basic deposit account, the depositor shall issue the following supporting documents to the bank: (1) For an enterprise legal person, the original business license of the enterprise legal person shall be issued. (2) For unincorporated enterprises, the original business license of the enterprise shall be issued.

3) Organs and public institutions that implement budget management shall issue approval or registration certificates from the personnel department or the establishment committee and a certificate of approval from the financial department to open an account; Public institutions that are not under budget management shall issue an approval or registration certificate from the personnel department or the establishment committee. (4) Units at or above the regimental level (inclusive) of the armed forces and armed police forces, as well as detachments (sub-units) that are scattered on duty, shall issue account opening certificates from the financial departments of the units at or above the military level and the financial departments of the armed police corps. (5) Social groups shall issue a certificate of registration as a social group, and religious organizations shall also issue an approval or certificate from the department for the administration of religious affairs.

6) Private non-enterprise organizations shall issue a private non-enterprise registration certificate. (7) Permanent establishments in other places shall issue an approval document from the competent department of the place where they are stationed. (8) Foreign institutions in China shall issue approval documents or certificates from the relevant competent state departments; The representative offices and offices of foreign-funded enterprises in China shall issue a registration certificate issued by the national registration authority.

9) Individually-owned businesses shall issue the original business license of individually-owned businesses. (10) Residents' committees, villagers' committees, and community committees shall issue approvals or certificates from their competent departments. (11) The subsidiary institution of independent accounting shall issue the registration certificate and approval document for the opening of the basic deposit account of the competent department.

12) Other organizations shall issue approval or certificates from the competent authorities. If the depositor in this article is a taxpayer engaged in production or business activities, he or she shall also issue a tax registration certificate issued by the tax department.

Urban Real Estate Management Law》 Article 61 When real estate is transferred or changed, it shall apply to the local people's ** real estate management department at or above the county level for registration of real estate change, and apply for registration of change of land use right to the people's ** land management department at the same level with the changed house ownership certificate, and the people's ** land management department at the same level shall replace or change the land use right certificate after verification by the people's ** land management department at the same level. Where the law provides otherwise, it is to be handled in accordance with the provisions of the relevant laws. 3. Legal basis:

Article 143 of the Civil Code Civil juristic acts that meet the following conditions are valid: (1) The actor has the corresponding capacity for civil conduct; (2) The expression of intent is true; (3) Do not violate the mandatory provisions of laws and administrative regulations, and do not violate public order and good customs.

Singapore is one of the world's major financial centers, with independent sovereignty and social, political and economic stability. Singapore** is also very supportive of the wealth management industry. Account information and business information are well protected.

InOpening a bank account in SingaporeUses:

1.Singapore has an independent financial market system, and opening a Singapore bank account can enjoy more convenient services, without foreign exchange control, funds can be freely distributed, and various currencies can be freely exchanged through a Singapore bank account;

2.The day-to-day operation of a Singapore bank account is simple, and online banking can be opened for transactions;

3.After opening a Singapore bank account, Singapore companies can easily conduct financing with international banks.

Conditions for opening a bank account in Singapore:

1.The first requirement for opening a Singapore bank account in the name of a company is that the company is registered (not necessarily in Singapore), which can be a Hong Kong company, a British company, a British Virgin Islands company, a Cayman Islands company registered company, etc., except for Singapore, which does not accept direct applications from Chinese mainland enterprises because the company laws of the two places are different. The difference is large and cannot be reasonably controlled.

2.The company applying for a Singapore bank account is not engaged in high-risk industry operations, and the products and services involved by the company do not belong to high-risk products and high-risk services, otherwise it cannot pass the approval of the Singapore bank. In recent years, countries around the world have become more and more strict on KYC, and Singapore has become the country with the strictest KYC supervision in the world except for the United States and the United Kingdom.

Singapore's financial institutions must implement strong measures to monitor and prevent illicit funds from flowing into Singapore's financial system.

3.It is necessary to provide complete company information, including registration certificate, articles of association, business registration certificate, bank account, shareholder passport, shareholder address certificate, shareholder resume, etc., in order to open an account with an overseas company, and the bank will require the company to provide relevant registration and actual operation certificates. The completeness and authenticity of company information is very important for opening a bank account in Singapore.