There are three major banks in Singapore: DBS Bank, uob Bank and OCBC Bank.
Singapore companies often choose the three major local banks to open accounts. Local banking services are more comprehensive and advantageous, which is not only convenient to use, but also easier to handle if further financial services, loans, letters of credit LC, etc. Are needed.
DBS Bank: It is currently the largest commercial bank in Singapore and Southeast Asia (measured by assets). It was named "the safest bank in Asia" by Global Finance magazine. As a state-owned bank in Singapore, it has a huge scale and branches all over the world.
OCBC: The second largest private commercial bank in Singapore and the oldest local bank in Singapore. The fees charged by the bank are very low. OCBC Bank mainly serves Singaporeans, Malaysians, Indonesians and China.
Uob: uob is the third largest bank in Singapore. It was founded by Huang, a businessman from Sarawak, and other Fujian businessmen. Ranked 14 in the ranking of "the safest bank in Asia" selected by Global Finance magazine, which has advantages for financing projects.
Information required to open an account with a bank in Singapore:
1. Copy of registration document (business introduction)
2. A copy of the Articles of Association
3. Clear copies of the company's directors' and shareholders' identity cards and passports.
4. The personal address certificate of the account signing authorizer can be a bank statement, a water, electricity and gas bill, etc. , the release date should be within 3 months.
5. Resume of the account signing authorizer (mainly describing the company's management experience)
6. Business certificate:
A) Trading company: three sales contracts/corresponding invoices/bills of lading/packing lists/customs declarations in the last three months. B) Investment holding company: investment certificate (i.e. letter of intent, equity agreement or property right contract) and equity structure.
C) If the newly established company does not conduct business, it is required to provide business contracts of affiliated companies in other countries as proof materials.
D) list of suppliers and customers
7. Fill in the bank account opening questionnaire