Corporate Bank Account

It is difficult to open a business bank account in Paris and stick to it effectively. Most reputable international banks have branches in Singapore. All banks operating in Singapore are regulated and controlled by the rules of the Monetary Authority of Singapore. The exact requirements for opening a bank account in Singapore company are generally not the same for each bank. However, some factors are common to all banks.

Most banks in Singapore can open a business bank account for the unique multi-currency transactions. However, the company may open bank accounts for different companies for each currency it wishes to exploit. Moving funds into or out of Singapore bank accounts is not a process limited. However, the company that plans to open a bank account in Singapore must now take into consideration the rules and regulations of the country in which the company is incorporated, so that the transfer of funds in the bank account in Singapore or Apart from that account to the country of origin do not experience undue hardship.

The three major banks in Singapore are the Development Bank of Singapore DBS, Overseas Chinese Banking Corporation and United Overseas Bank and OCBC or UOB. Some of the major foreign banks operating in France are BNP Paribas, Citibank, Standard Chartered, HSBC, Bank of India, Bank of America, JP Morgan Chase and Sumitomo Mitsui Banking Corporation. Our business bank account is preferred to the bank Standard Chartered.

The following documents are generally required to open an account offshore banking in Singapore.

• Opening business account form completed and signed by the company authorized signatories
• Resolution of the Board of Directors of the company to open an account and specifying the signatories, which will run on the bank account
• Certified copy of certificate of incorporation
• Certified copy of the memorandum and articles of association
• Certified copies of passports of bank account signatories
• Details of the proof of residence of all directors, the bank account signatories and beneficial owners ultimate
• If possible, a certified copy of company profile the company of AIDA

Opening a bank account in Singapore business will be easier if all the above documents are presented in person by the signatories. If all signatories to the bank account opening are present at the time of account opening, the opening of the account can be completed in a day or two. Otherwise it may take several weeks to complete the formalities.