Bank Account Opening

Bank Account Opening

Working internationally may call for a globally coordinated accounting solution with standard procedures and controls. At Corp Nergy, we can provide bank recommendations and help you set up local bank accounts. Check the requirements by major banks in Singapore.

DBS

Documents Required

√Original IC / Passport of all Directors

√FATCA & CRS Form - To be signed by 2 directors OR highest signing mandate

√Proof of Residential Address of All Authorized Signatories - E.g., NRIC, Passport or Utility/Phone Bill, Bank Statement, Government Correspondence (dated within last 3 months) 

√Original Proof of Principal Place of Business (if different from business registered address) 

√Resolution of Board of Directors - To be signed by 2 Directors OR 1 Director and 1 Company Secretary OR 1 Director for single directorship companies 

√Memorandum & Articles of Association

√Proof of Ultimate Beneficial Ownership OR Declaration of Ownership and Company Structure

If foreign incorporated: 

√Letter of Recommendation from our overseas branch or reputable bank 

√Original or Certified True Copy of Certificate of Incorporation/Registration

√Original or Certified True Copy of Register of Directors/Certificate of Incumbency 

√If foreign Beneficial Owner: At least 1 Beneficial Owner is a foreigner (not SG citizen or PR), additional documents are required

OCBC

Documents Required

√OCBC Business Account application form

√Minimum deposit in cash or cheque

√Certified true copies of NRIC / Passport of all Authorised Signatories 

√Certified true copies of residential address proof e.g., NRIC, Telco bill, Bank statement of all Authorised Signatories 

√Certified true copy of Constitution of the Company 

√Certified true copy of By-Laws of Society/ Association/Club

√Certified true copy of Minutes of Meeting of Management Committee (Signed by 2 office bearers of different functions)  

√Board Resolution (bank’s standard/ company’s) signed by any 2 Directors or Director & Company Secretary

UOB

Documents Required

√Account Opening Form

√ACRA Business Profile Search

√Identity Documents - NRIC(s) / Passport(s)

√Proof of Residential Address (For Foreigners)

√FATCA Self Certification or IRS Withholding Certificate*

√Account Opening Resolution

√Certified True Copy of Constitution

√Common Reporting Standard Form