Application documents
1. Registration documents for the Singapore/Hong Kong company 2. Directors' and shareholders' identity cards, passports, bank statements for the past six months, and CVs 3. Records of intended contracts/email correspondence with Singapore or Southeast Asia 4. Singapore company's lease and audit report (if available) Related company documents: 1. Business licence, bank statements for the past six months, and financial statements/audit report 2. Two sets of purchase and sales documents with Singapore or Southeast Asia (contracts, bills of lading, corresponding bank receipts) 3. Bank KYC
Estimated processing time
8–10 weeks
Channel process
1. We collect the documents and conduct an initial review 2. Bank telephone KYC 3. Once the documents are complete, schedule witnessing in mainland China or with United Overseas Bank in Singapore (2 weeks or so) 4. Account-opening approval (4–5 weeks) 5. Account-opening documents sent by post
Witnessing / in-person interview arrangements
Witnessing at United Overseas Bank in mainland China / Singapore
Transfer limit
Unlimited
Indicative counter/witnessing fees（SGD）
1000 Singapore dollars
After account opening
Online banking / Security token available on request
Account information and bank fees
1. Account-opening fee: 1000 SGD () 2. Annual account fee: 35 SGD 3. If the average daily balance for the month is below 10,000 SGD, a management fee of 35 SGD applies Any bank charges and account requirements (if applicable) are channel information for 2026/10 only, and are not uniform bank policies; please refer to the bank's written notice.
Service pricing
CNY 12,000
Prices are subject to the latest quote from Drew at Rengangyongsheng.
Conflicts and limitations to note
- The original table’s counter service fee column header says USD, but the amount in this row is marked SGD; the actual unit, SGD, applies.
- Channel information compiled in 2026-10; not a uniform bank policy. Refer to the bank’s written notice.