Application documents
1. Singapore company documents: certificate of incorporation, registration document, articles of association 2. Background company documents ① Related mainland China company business licence established for at least 2 years (provide its website if available); ② Company bank statements for the past 3 months, stamped by the bank; Excel files are not accepted; ③ 2 sets of purchase documents: contracts, invoices, bank payment receipts; ④ 2 sets of sales documents: contracts, invoices, bills of lading, bank payment/receipt slips, and overseas customer website; 3. Personal documents for shareholder/director: passport + ID card + CV + bank account-opening questionnaire
Estimated processing time
8 weeks
Channel process
1) Prepare and submit account-opening review documents to the bank; 2) The bank’s standard review takes about 1 week; 3) After approval, schedule a video witnessing appointment; 4) After the video appointment, have a CPA certify the company documents and identity documents and send them to OCBC Singapore; 5) The account is usually opened about 3–4 weeks after the bank receives the documents.
Witnessing / in-person interview arrangements
Video
Transfer limit
Unlimited
Indicative counter/witnessing fees
No search fee for opening a Singapore company account
After account opening
Online banking
Account information and bank fees
Fees: 1. Other overseas company registry search fee: 2000 USD 2. Average monthly balance: USD30000 (if the amount is below USD25000, a monthly fee of USD250 will be charged) 3. Outgoing wire transfer: one point two five per thousand, with no upper cap 4. Incoming wire transfer: 10 Singapore dollars Bank fees and account requirements, if any, are channel reference information for 2026/10, not a uniform bank policy; the bank’s written notice governs.
Service pricing
Please contact Drew at RGYS for pricing
Conflicts and limitations to note
- Channel information compiled in 2026-10; not a uniform bank policy. Refer to the bank’s written notice.