{"id":13653,"date":"2023-11-30T12:07:26","date_gmt":"2023-11-30T05:07:26","guid":{"rendered":"https:\/\/fazz.com\/?p=13653"},"modified":"2024-02-21T11:22:34","modified_gmt":"2024-02-21T04:22:34","slug":"guide-to-opening-a-business-account-in-singapore","status":"publish","type":"post","link":"https:\/\/fazz.com\/en\/newsroom\/business\/guide-to-opening-a-business-account-in-singapore\/","title":{"rendered":"

An Ultimate Guide to Opening a Business Account in Singapore<\/p>"},"content":{"rendered":"

Opening a business account in Singapore is straightforward once you know the process and requirements. Having a business bank account<\/a> is the best way to keep your business finances separate from your personal spending and keep track of your business expenses and cash flows.

Therefore, opening a business account is one of the first things you must do when starting a business. Singapore has emerged as the leading financial hub in Asia, so banks in Singapore are getting easier to work with.<\/p>

This business account Singapore guide walks you through the complete process of opening a business account in Singapore, how to open a Singapore business account for a foreign entity, and the best business account option in Singapore.<\/p>

How to Open a Business Account in Singapore<\/h2>

If you’re a Singaporean resident and your company is registered here, opening a business account<\/a> is fairly simple. In this case, you can open your account instantly online.<\/p>

However, if you aren’t a Singaporean citizen and you choose a business account from a traditional bank, you will need to open your account in person. In this case, company owners and directors will need to meet a bank representative in order to submit their documents and open an account.<\/p>

Here are the steps for opening a Singapore business account in both cases. <\/p>