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Epica FAQ Series

What is the resolution for the bank account opening?

Others

What is the resolution for the bank account opening?

The client needs to provide the following documents to open a corporate bank account in Singapore.

  • Completed corporate account opening forms from your respective bank that must be signed by the authorized signatories
  • The board of directors’ resolution sanctioning the opening of the account
  • True certified copy of the resolution sanctioning the opening of a bank account
  • A certified true copy of the certificate of incorporation
  • Certified copy of the company’s business profile from company registrar
  • A certified true copy of the company’s MAA
  • Certified copies of the passport or the Singapore IC
  • Certified copies of residential address proof of directors, signatories, and Ultimate Beneficiary Owners (UBO)

Foreigner Package

New Company Setup

S$2,600
S$4,000

Local Package

New Company Setup

S$1,100
S$1,700

Transfer Package

Existing Company

S$1,000
S$1,500

Singapore Branch

New Branch Setup

S$4,000
S$5,000

Representative Office

New Setup

S$2,500
S$3,000

BVI Company

Singapore Bank Account

US$2,200
US$3,000

Accreditations and Partners

  • ACRA
  • ISCA
  • MOM
  • IRAS
  • AWS
  • XERO
  • STRIPE
  • DOCUSIGN
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