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Opening of a corporate bank account in Singapore

From 500 $
Opening of a corporate bank account in Singapore
From 500 $
Singapore is one of the largest financial centers in the world. There are more than 200 banks, including 111 commercial banks providing a wide range of banking services.
RSBS provides a full range of services for opening a corporate bank account in Singapore
Reasons for Singapore's popularity as a financial center:
Banking confidentiality and privacy
Lack of exchange controls
The ability to quickly and easily send and receive foreign payments
The ability to manage your account remotely from any country in the world
The ability to link widely used international payment systems (Stripe, PayPal, etc.)
Stable currency
All Singapore dollar current and deposit accounts are insured for at least SGD 75,000 under the deposit insurance scheme.
Singapore is a reliable jurisdiction with an excellent international reputation
Consultation on the selection of a suitable bank
What is included in the service:
1000 $
Standard service package
Preliminary negotiations with the selected banks about the possibility of a bank account opening
Consultation on the package of necessary documents, according to the requirements of the selected bank
Assistance in document preparation and verification for the bank
Consultation on the effective cooperation with the bank
Arrangement and support of an interview with the selected bank in case of preliminary approval of the application by the bank
Control of the issuance of bank tokens and receipt of bank cards for account management
Bank account in Singapore
Cost:
1000 $
Comparative table of the top banks in Singapore
Number of offices in the world
Bank assets (SGD)
Bank profit (SGD)
Number of employees
646 billion
14.6 billion
Over 29,000
Over 30
Year Established:
1968 (Singapore)
S&P credit rating:
AA-
The Banker: 5th place in Asia (not including China and Japan), 56th place in the world
Positions in the ratings:
521,4 billions
10,1 billions
Over 30 000
More than 480 offices in 19 countries and regions
Year Established:
1932 (Singapore)
S&P credit rating:
AA-
The Banker: 11th in Asia (not including China and Japan), 74th in the world
Positions in the ratings:
423 billions
9,2 billions
Over 25 000
More than 500 offices in 19 countries and regions
Year Established:
1935 (Singapore)
S&P credit rating:
AA-
The Banker: 10th place in Asia (not including China and Japan), 68th place in the world
Positions in the ratings:
4938 billions
114.9 billions
Over 300 000
Offices in 29 countries and regions
Year Established:
1936 (Singapore office), 1912 (China)
S&P credit rating:
A
The Banker - 4th in the world. S&P Global - 4th in the world
Positions in the ratings:
3118 billions
15 billions
Over 210 000
Offices in 98 countries and regions
Year Established:
1902 (Singapore Office), 1812 (USA)
S&P credit rating:
A+
The Banker - 8th in the world. S&P Global - 13th in the world
Positions in the ratings:
Количество офисов в мире
Кредитный рейтинг S&P:
Активы банка (SGD)
Более 30
AA-
646 миллиардов
Позиции в рейтингах:
Отчет банка за 2020 год
The Banker: 5 место в Азии (не вкл. Китай и Японию), 56 место в мире
Год основания:
Более 29 000
14,6 миллиардов
1968 (Сингапур)
AA-
Количество офисов в мире
Кредитный рейтинг S&P:
Активы банка (SGD)
Более 480 отделений в 19 странах и регионах
AA-
646 миллиардов
423 миллиардов
AA-
Более 500 отделений в 19 странах и регионах
Активы банка (SGD)
Кредитный рейтинг S&P:
Количество офисов в мире
Количество офисов в мире
Кредитный рейтинг S&P:
Активы банка (SGD)
Отделения в 29 странах и регионах
A
4938 миллиардов
3118 миллиардов
A+
Отделения в 98 странах и регионах
Активы банка (SGD)
Кредитный рейтинг S&P:
Количество офисов в мире
Completed account opening form
Fill out the form at the link
Confirmation of address of director(s) and shareholder(s)
Any official document in English that lists the name and address (bank statement, utility bill, etc.) can be used as proof of address.
Company Bizfile *
For RSBU customers RSBU is provided
Letters of recommendation from banks
Recommendation letter from the bank where the director/shareholder has a personal account. Preference to Singapore banks or foreign banks represented in Singapore.
Copies of passports of director(s) and shareholder(s)
Scanned color copies of the main page of the passport
Summary of director(s) and shareholder(s)
Summary in English, describing education and activities for at least 10 years.
Company Constitution *
RSBU is provided for RSBU customers.
Company presentation
Company presentation is an information document, which qualitatively describes the intended activity of the company.
RSBU provides services for the creation of presentation materials.
Invoices / contracts / partnership agreements / letters of intent from clients
RSBU supports the search for potential partners, clients in the Asian region.
Company website
A company's website must reflect information about the company's activities. Our subsidiary Rabit Pte Ltd provides website design services for RSBU customers.
A brief business plan
The business plan should reflect the company's plans for at least one year.
Long stay visa to Singapore
Directors, or shareholders with long-term visas to Singapore.
Invoices / contracts / partnership agreements / letters of intent from suppliers.
RSBU supports the search for potential suppliers in the Asian region.
Office/Apartment Rental Agreement in Singapore
For Singapore banks, one of the most significant triggers for a positive decision to open an account is proof that the company plans to operate directly in Singapore.
Confirmation of asset ownership
Real estate, private bank accounts, and other assets by company shareholders.
Any documents confirming the experience and reputation of directors and shareholders in the business.
Registration documents of your businesses in other jurisdictions, translated into English; letters of reference from the place of employment; financial statements of your other companies; other relevant documents and information.
Reasons for refusal to open an account
Banks never reveal their reasons for refusing to open an account. But our years of experience tell us that the most common reasons for refusing to open an account are:
Important!
Do you need help?
If you have any additional questions, we will be happy to answer them!
We have dealt with this topic in more detail in our videos:
Why us?
We speak your language
Since 2013
On the Singapore market
Full range of business services in Singapore
Customers
Data for a group of companies
Testimonials from our customers
RASA Pte Ltd
Tatiana Meshkova
RASA expresses its sincere gratitude to RSBU. Our cooperation began in 2019 with the incorporation of the company and continues to the present day.
Director & Co-Founder, Ecoway Technologies Pte.Ltd.
Dmitry Malakhovsky
We have been cooperating with RSBS since the creation of our company, namely since 2017. This is a team of professionals who can be trusted with tasks of various complexity, from company registration to assistance in some aspects of business. I am grateful and glad for our partnership!
Prima Music Pte Ltd
Anastasia Oleinik
I used the services of RSBU in order to open my own company in Singapore. Good service. The consultants are proactive in answering questions and respond quickly if problems arise.

I recommend it!
RASA Pte Ltd
Tatiana Meshkova
RASA expresses its sincere gratitude to RSBU. Our cooperation began in 2019 with the incorporation of the company and continues to the present day.
Director & Co-Founder, Ecoway Technologies Pte.Ltd.
Dmitry Malakhovsky
We have been cooperating with RSBS since the creation of our company, namely since 2017. This is a team of professionals who can be trusted with tasks of various complexity, from company registration to assistance in some aspects of business. I am grateful and glad for our partnership!
Prima Music Pte Ltd
Anastasia Oleinik
I used the services of RSBU in order to open my own company in Singapore. Good service. The consultants are proactive in answering questions and respond quickly if problems arise.

I recommend it!
Spacefox Pte Ltd.
Vitaly Isayev
Working with RSBU leaves only positive impressions in the memory. The team stays in touch even during holidays and off hours. Our business is quite specific, requiring licensing, knowledge of legal intricacies and in all these matters we receive assistance from RSBU.
Seafood International Trade Pte. Ltd.
Olga
Seafood International Trade Pte Ltd would like to thank RSBU for their long-term and fruitful cooperation. We have been customers of RSBU since its incorporation and RSBU has established itself as a task-oriented and result-oriented company.
Wowlink Pte. Ltd.
Maxim R.
We registered a Private Limited Company in 2020 with RSBU. RSBU team worked perfectly, documents were prepared professionally, registration of the company and opening an account at the bank were successful.
Spacefox Pte Ltd.
Vitaly Isayev
Working with RSBU leaves only positive impressions in the memory. The team stays in touch even during holidays and off hours. Our business is quite specific, requiring licensing, knowledge of legal intricacies and in all these matters we receive assistance from RSBU.
Seafood International Trade Pte. Ltd.
Olga
Seafood International Trade Pte Ltd would like to thank RSBU for their long-term and fruitful cooperation. We have been customers of RSBU since its incorporation and RSBU has established itself as a task-oriented and result-oriented company.
Wowlink Pte. Ltd.
Maxim R.
We registered a Private Limited Company in 2020 with RSBU. RSBU team worked perfectly, documents were prepared professionally, registration of the company and opening an account at the bank were successful.
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