SG Bank Account_Singapore Company

Benefits of starting company in Singapore

Strategic location: Singapore at the center of fastest-growing market in South-east Asia and China.
Developed country with low tax rate: Singapore has favorable tax system for companies and individuals, no tax on capital gains.
Startup-friendly, with grants, funding, and subsidies for local and international startups.
Easy to conduct business: advanced government system makes all official procedures fast and efficient.
Global financial center with monetary freedom and access to global capital for corporate restructuring and new investments.
Highly-trained, flexible, and energetic manpower speed up your international business.

How can we help you ?

Singapore has received many accolades for its business friendly policies. These rankings have been awarded by well-regarded international organizations and they provide an independent verification of the country’s pro-business stance for the last several decades.

RY Consulting has set up service center in Singapore with experienced service teams. We have been best partners of a great number of local and international banks in Singapore for years. For last 10 years, we help over 1000 clients from different countries to register their Singapore company and take advantage of its pro-business environment .

Singapore Company Service Package

Company Name & Address

Free and fast company name check, virtual office and registration address for your option.
Fast Registration Procedures & Local Director

Registration can be done remotely and takes only 1 day. local resident director service.
Open Singapore Account

With our help, to open Singapore corporate bank account via video conference.

Accounting & Auditing

Bookkeeping and annual accounts preparation and issue audit report by Singapore CPA.
Timely Tax Return Service

File corporate income tax, GST tax, Individual Tax and tax advisory.
More Value-added Services

GST service, CPF service, Employment Pass, trademark, legal advisory and etc.

Frequently asked questions for Joint Ventures in Singapore?

What are the benefits of a business bank account in Singapore?

1. Stable and secured banking with multi-currency accounts；

2. Ease of access to digital bank accounts

3. Fully integrated into the global financial system；

4. Brighter investment opportunities.
What are the required documents to open a business bank account in Singapore?

There are some common documents that many Singapore banks ask for to open a business account.

For companies registered in Singapore:

Certificate of incorporation;

Bizfile and Constitution;

Passport/ID and resumes of directors and shareholders;

Business proof the company;

Filled KYC forms, application forms and etc.

In addition, companies registered outside Singapore can also open business bank accounts in Singaopre banks. The documents for pre-view is similar with Singapore company.
What are the steps to open a business bank account in Singapore?

Step 1: Register a company and receive the official files.

Step 2: Prepare the business proof documents and find us to help you.

Step 3: Submit the documents for pre-view by bank manager.

Step 4: Make an appointment for signing application form.

Step 5: Account opened and receive internet banking device.Start business!
How long does it take to open a business account in Singapore?

Depending on the bank, you can expect it to take 1 to 2 months before your business bank account is up and running.
How do I maintain my Singapore bank account?

To fight anti-money laundering and criminal activities, almost every country has decided to impose strict compliance rules on banks. Compliance rules get more strict and complex and banks keeps checking the status of all the accounts every year to control risk. So, it is very important to use Singapore bank account more carefully, such as:

Not have transactions with sensitive countries, persons or organizations;

Keep enough deposit in your account;

Use your account at least 2 to 3 times every month;

Respond to bank investigation letters ASAP and etc.

For more suggestions, please feel free to contact us.