Singapore
Banking in Singapore
Singapore Business Experts
Recent forum posts
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Starting a new business in India
I run a UK business and my fellow Director is an Indian National (I am a British citizen).We now want to launch our company in India and I am struggling to make any progress with the Indian High Commission. Can anyone help me with the process. I have twice visited the commission in London and wasted hours of time due to their complete lack of organisation.I will appreciate any help to make
Total Posts: 12 Last post by leahhart65
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Hiring Struggles for Small Businesses in NZ, Are We Overlooking Soft Skills?
Hi everyone,I’ve noticed that many small businesses in NZ are facing real challenges when it comes to hiring the right people not just in terms of technical ability, but soft skills too. Communication, adaptability, and problem-solving often seem harder to find than certifications or experience.A few small business owners I’ve talked to said they struggle to read between the lines of a sta
Total Posts: 1 Last post by ngaiomarsh98
Banking in Singapore
Singapore has a contemporary banking and financial system offering a plethora of services. The Economic Development Board provides various types of assistance to new businesses setting up. It is recommended, however, that you investigate the types of bank in Singapore. Many banks offer different services, and it's probably best to choose one that is most akin to your financial needs. There will also be a different level of formality for each type of account or bank opted for. For a list of banks, please click on the 'Banking in Singapore' tab located above.
To open a bank account in Singapore, you will be required to provide the following documentation:
- Passport
- Proof of address
There are a handful of international banks operating in Singapore. Considering banking requirements, each bank sets their own, such as the amount needed to open or maintain an account, fees, charges, etc. Cash machines are widespread, and internet banking is available.
Organisations that can assist with Banking
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> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
