Singapore Corporate Bank Account
Singapore is one of the world's financial centres and home to many of the major banks. Opening bank account however, largely depends on the type of your corporate entity, its country of registration and operation, industry, beneficial owners and many other factors. Banks are very choosy nowadays.
Yet Singapore's banking system is still one of the best in the world and it continues to attract top talent, especially from Fintech sector. Singapore is welcoming international businesses to the republic, as long it can be innovative and creates work and business opportunities. Overall, banks in Singapore are pretty easy to work with, especially if compared to Europe and many other places.
In essence, opening a corporate bank account is a simple process. In many cases it is pretty quick as well. Below is the short overview of types of business bank accounts in Singapore, process for opening an account, and a list of major banks in Singapore to consider.