OPEN A BANK ACCOUNT

IN SINGAPORE

• Singapore is the third-largest financial center in the world, second only to London, England, and New York. As a result, Singapore's financial system is complete and its international reputation is high. After the Bank of Singapore opened an account, foreign exchange is also unregulated. All major international banks are stationed in Singapore. When attracting many multinational companies to choose an overseas company to open an account,they will choose to open an account in Singapore for financial/funding operations.

• However, due to the freedom of operation of the Bank of Singapore after opening an account, the Bank of Singapore has strict requirements for opening an account (KYC).
  In addition to the person in charge must be present in person, different banks have different conditions for opening accounts and basic deposits if the plan is different. To open an account in Singapore, you must first confirm the threshold of the local bank in Singapore and the information you need to prepare, or seek the assistance of an experienced service agent to help open Singapore bank account. Interarea has professional experience in dealing with the Singapore bank requirement for many years.

• Opening an account in Singapore, characterized by a mature market in the financial system that emphasizes regulation and risk prevention, has evolved into an international financial center that is currently based on information disclosure and encourages financial innovation. Singapore's international image is clear, but under the strict management of the Singapore Financial Management Association, the threshold for opening overseas accounts for Singaporean banks is relatively strict and the approval is relatively rigorous. In terms of geographical location, Hong Kong is more convenient than Singapore. Most people choose to be geographically located. A closer Hong Kong account is opened, but the opposite Hong Kong bank will have more approval systems for too many accounts. Therefore, although Singapore has stricter account opening approvals than Hong Kong, it is less worried about the impact of policies; Singapore has diplomatic relations in many countries. Therefore, companies planning to invest in Southeast Asian countries will be preferred to open an account in Singapore. In addition, Singapore banks enjoy more preferential foreign exchange, so many international business partners are also engaged in commercial activities, it is the reason why the requirement of Singapore bank account opening is increasing.

• In order to be an international trade market, most investors choose to set up a company in Singapore and must open an account in Singapore. However, opening a business in Singapore is more stringent. To open a company account in Singapore, you must make an appointment to open an account in Singapore through the initial review of the bank. The experience of opening an account in Singapore is easy to be rejected by the bank at the first trial. 
  This is easy for investors to waste time and money. Therefore, it is necessary to open an account with the bank through experienced professionals and to open an account in Singapore through professional consultation and preparation of documents. The chance of success.
  Inter Area provides professionals who can help and bring customers to open an account in Singapore, don't worry about which local bank to open an account.

check the threshold of the local bank in
Singapore and the information to be 
prepared.

submit to the bank and make an  
appointment to open an account.          

you can arrange a time to open an 
account in Singapore. Please note that 
on the day of opening the account, the 
signatory who has the right must sign 
in person and bring the relevant 
documents.