Bank Account Information & Pricing - SGD
       Click to change currency to:  USD 

 

 
Singapore Hong Kong Switzerland Austria Mauritius St. Vincent
& Grenadines
   Latvia      Belize   Cook Islands
HLA Rating ***** ***** **** **** *** *** *** *** ****
GENERAL INFORMATION
Must be present to open account Yes Yes No No No No No
but verified by HLA
No No
Account Type Business or Personal Business Business or Personal Business or Personal Business Business or Personal Business or Personal Business Business
Debit Card Yes For ATM only Yes No Yes For ATM only Yes Yes No
Languages English English English,French,
Dutch,Spanish,
Italian
English,Russian English English English,Chinese,
French,Dutch,
Russian
English English
Allow U.S. citizens & residents* as beneficial owners Yes
For business accounts only)
No No Yes No No No No Yes
Allow Russian citizens & residents as beneficial owners Case by Case No Yes Yes No No Yes No Yes
Accept tax haven jurisdiction Yes Selective
No BVI,Marshall Islands, Panama
No Yes Yes Yes Yes Yes Yes
SERVICES
International banking available Yes Yes Yes Yes Yes Yes Yes Yes Yes
Minimum Deposit USD 30,000 to 100,000 HKD 50,000 to 100,000 USD 10,000 USD 100,000 USD 1,000 USD 5,000 USD 10,000 USD 1,000 USD 20,000
Business Banking Yes Yes Yes Yes Yes Yes Yes Yes Yes
DOCUMENTATION REQUIRED
Company Documents Yes Yes Yes Yes Yes Yes Yes Yes Yes
Apostille No No No No No No Yes No No
Notarised Passport Copy Yes Yes Yes Yes Yes Yes Yes Yes Yes
Driver's License in lieu of passport No No No No No No No No No
Bank Reference Yes Yes Yes Yes Yes Yes Yes Yes Yes
One page business profile Yes Yes Yes Yes Yes Yes Yes Yes Yes
Proof of Address Yes Yes Yes Yes Yes Yes Yes Yes Yes
CHARGES (IN SINGAPORE DOLLARS)
Set up business account $975 $1040 $975 $975 $975 $975 $975 $975 $975
Set up personal account $650 N/A $650 $650 $650 $650 $650 $650 $650
* United States citizens and residents are required to report any accounts to which they are signatories to the U.S. IRS and U.S. Treasury

If you are a lawyer, accountant , tax advisor or financial consultant and require services for your clients, please contact us for further options.

 

Copyright 2005 - 2018 by Hilda Loe Associates Pte. Ltd. All Rights reserved.