Singapore Bank Account Package
$1,390

Our company provides assistance with bank introduction services for both corporate and personal bank accounts with OCBC Bank (Oversea-Chinese Banking Corporation, Limited).

OCBC Bank is the largest financial institution in Singapore, ensuring reliability and comprehensive financial services.

What does the Singapore Bank Account Package include?

The package for the Singapore Bank Account includes the following components:

• Belize International Business Company: Incorporation of a Belize IBC
• Full set of corporate documents: Certificate of Incorporation, Memorandum and Articles of Association, and a set of internal resolutions that confirm the appointment of the Director(s), officer(s) and issuance of shares.
• Assistance with opening a bank account in Singapore

What personal documents are required for applying to the bank?

For individuals appointed to positions in the company and authorized signatories, the following personal due diligence documents are required when applying to the bank:

• A certified copy of your valid passport, pages containing your photo, signature, and personal details
• Proof of Address: utility bill, bank statement, or credit card statement. No older than three months
• Resume/CV
• Invoices, Contracts, or Agreements pertaining to the company

Is a personal visit to the bank required?

For Singapore, a personal visit is required. It is mandatory that one of the directors visit one of the bank's offices for identity verification.

What type of currency accounts does the bank offer?

The bank offers a wide range of currencies to choose from:
SGD, USD, EUR, GBP, CAD, AUD, HKD, JPY, CHF, and NZD

This allows you to effectively manage your funds in different currencies based on your specific needs and preferences.

What are the initial deposit and minimum balance requirements?

The initial deposit and minimum balance requirement vary depending on the currency account you have selected. The bank is able to open accounts in the following currencies:

SGD account – SG $30,000
USD account – US $30,000
EUR account – EUR €30,000
GBP account – GBP £30,000
CAD account – CAD $30,000
AUD account – AUD $30,000
HKD account – HKD $180,000
JPY account – JPY ¥2,000,000
NZD account – NZD $30,000

If the minimum balance is not maintained monthly, there is a monthly service fee of $100 that will be charged.

Does the bank offer online banking?

Yes, the bank offers online banking services, providing convenient access to the following features:

• Account details, including balances and transaction history
• Local and international transfer capabilities

What type of Cards does the bank offer?

The bank offers both Debit and Credit Cards to its customers. However, certain restrictions apply to the usage of these cards.

How long does it take to open a bank account?

The process of opening a bank account generally takes a minimum of 4 weeks or longer, as it involves the bank verifying and assessing all the due diligence documents.