{"id":989235,"date":"2025-10-25T12:11:57","date_gmt":"2025-10-25T12:11:57","guid":{"rendered":"https:\/\/cla.global\/singapore-company-registration\/?page_id=989235"},"modified":"2026-01-07T12:43:15","modified_gmt":"2026-01-07T12:43:15","slug":"bank-account","status":"publish","type":"page","link":"https:\/\/cla.global\/singapore-company-registration\/bank-account\/","title":{"rendered":"Bank account"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"989235\" class=\"elementor elementor-989235\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3d58de9 e-flex e-con-boxed e-con e-parent\" data-id=\"3d58de9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0275917 e-con-full e-flex e-con e-child\" data-id=\"0275917\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0c14266 elementor-widget-tablet__width-initial elementor-widget elementor-widget-html\" data-id=\"0c14266\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n\/* Sidebar Component Styles - Elementor Compatible *\/\r\n.uk-sidebar-component {\r\n    max-width: 100%;\r\n    font-family: inherit;\r\n    color: inherit;\r\n    line-height: inherit;\r\n    position: relative;\r\n    z-index: 1;\r\n}\r\n.uk-sidebar-component * {\r\n    box-sizing: border-box;\r\n}\r\n\/* Sidebar Styles *\/\r\n.uk-sidebar {\r\n    width: 280px;\r\n    background: #f1f5f9;\r\n    border-right: 1px solid #e2e8f0;\r\n    padding: 20px;\r\n    border-radius: 8px;\r\n    height: fit-content;\r\n    flex-shrink: 0;\r\n    position: relative;\r\n    z-index: 1;\r\n}\r\n.uk-sidebar h3 {\r\n    background: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%);\r\n    color: #fff;\r\n    padding: 12px;\r\n    border-radius: 6px;\r\n    margin: 0 0 15px 0;\r\n    text-align: center;\r\n    font-size: 16px;\r\n    font-weight: bold;\r\n}\r\n.uk-sidebar-menu {\r\n    list-style: none;\r\n    padding: 0;\r\n    margin: 0;\r\n}\r\n.uk-menu-item {\r\n    margin: 8px 0;\r\n    position: relative;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle {\r\n    text-decoration: none !important;\r\n    color: #1a4b5c !important;\r\n    font-size: 15px;\r\n    font-weight: 600;\r\n    display: flex !important;\r\n    align-items: center;\r\n    justify-content: space-between;\r\n    padding: 12px 15px;\r\n    border-radius: 6px;\r\n    background: #fff;\r\n    border: 1px solid #e2e8f0;\r\n    transition: all 0.3s ease;\r\n    cursor: pointer;\r\n    position: relative;\r\n    z-index: auto;\r\n    width: 100%;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle:hover,\r\n.uk-menu-item > .uk-dropdown-toggle:focus {\r\n    background: rgba(26, 75, 92, 0.1) !important;\r\n    border-color: #1a4b5c !important;\r\n    color: #1a4b5c !important;\r\n    text-decoration: none !important;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle::after {\r\n    content: \"\u25bc\";\r\n    font-size: 12px;\r\n    transition: transform 0.3s ease;\r\n    pointer-events: none;\r\n    margin-left: auto;\r\n}\r\n.uk-menu-item.uk-active > .uk-dropdown-toggle::after {\r\n    transform: rotate(180deg);\r\n}\r\n.uk-submenu {\r\n    list-style: none;\r\n    padding: 0;\r\n    margin: 0;\r\n    max-height: 0;\r\n    overflow: hidden;\r\n    transition: all 0.3s ease;\r\n    background: #fff;\r\n    border-radius: 0 0 6px 6px;\r\n    border: 1px solid #e2e8f0;\r\n    border-top: none;\r\n    opacity: 0;\r\n    position: relative;\r\n    z-index: auto;\r\n}\r\n.uk-menu-item.uk-active .uk-submenu {\r\n    max-height: 500px;\r\n    padding: 10px 0;\r\n    opacity: 1;\r\n}\r\n.uk-submenu li {\r\n    margin: 0;\r\n}\r\n.uk-submenu li a {\r\n    text-decoration: none !important;\r\n    color: #475569 !important;\r\n    font-size: 14px;\r\n    display: block;\r\n    padding: 8px 20px;\r\n    transition: all 0.3s ease;\r\n    cursor: pointer;\r\n    position: relative;\r\n    z-index: auto;\r\n}\r\n.uk-submenu li a:hover,\r\n.uk-submenu li a:focus {\r\n    background: #f8fafc !important;\r\n    color: #1a4b5c !important;\r\n    padding-left: 25px;\r\n    text-decoration: none !important;\r\n}\r\n\/* Responsive Design *\/\r\n@media (max-width: 768px) {\r\n    .uk-sidebar {\r\n        width: 100%;\r\n        max-width: 350px;\r\n    }\r\n}\r\n@media (max-width: 480px) {\r\n    .uk-sidebar {\r\n        width: 100%;\r\n        padding: 15px;\r\n    }\r\n    .uk-sidebar h3 {\r\n        font-size: 14px;\r\n        padding: 10px;\r\n        margin-bottom: 12px;\r\n    }\r\n    .uk-menu-item > .uk-dropdown-toggle {\r\n        font-size: 14px;\r\n        padding: 10px 12px;\r\n    }\r\n    .uk-submenu li a {\r\n        font-size: 13px;\r\n        padding: 6px 16px;\r\n    }\r\n}\r\n<\/style>\r\n<\/head>\r\n<body>\r\n<div class=\"uk-sidebar-component\">\r\n    <!-- Sidebar -->\r\n    <aside class=\"uk-sidebar\" id=\"ukSidebar\" role=\"navigation\" aria-label=\"Singapore Guide Navigation\">\r\n        <h3>Singapore Business Guide<\/h3>\r\n        <ul class=\"uk-sidebar-menu\">\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-summary\">Singapore Summary<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-summary\">\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/\">Singapore Overview<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/benefits-and-problems\/\">Why start a business here?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/benefits-and-problems\/\">Problems with doing business here?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/singaporean-company-annual-renewal\/\">Singaporean company annual renewal<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/shelf-company\/\">Fast company solutions!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/bank-account\/\">Corporate banking solutions?<\/a><\/li>\r\n                    \r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-structuring\">Singaporean Corporate Structuring<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-structuring\">\r\n                    <li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/\">Company set up strategy<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/setup-llc\/\">Business entity types!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/14-steps-to-register-a-company-in-singapore\/\">14 steps to register an LLC!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/singapore-offshore-company-2\/\">Singapore offshore company?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/singapore-company-transfer-in\/\">Singapore company transfer-in<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/llp\/\">Limited liability partnerships?<\/a><\/li>\r\n\r\n                    \r\n                    \r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-fees\">Fees and Timelines<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-fees\">\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/fees-timelines\/\">Engagement fees?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/fees-timelines\/\">Timelines?<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-cashflow\">Cash Flow Considerations<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-cashflow\">\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/corporate-funding\/\">Government incentives?<\/a><\/li>\r\n                    \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/merchant-account\/\">Singapore merchant account!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/online-business-solutions\/\">E-commerce sales!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/services\/cash-flow-improvement-services\/\">Cash flow improvement services!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/services\/global-marketing-services\/\">Market penetration strategies?<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-legal\">Legal + Accounting + Tax<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-legal\">\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/accounting-and-tax-considerations\/\">Accounting and tax considerations?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/legal-and-compliance\/\">Legal considerations!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/tax-audit-services\/\">Singapore Tax Audit Services?<\/a><\/li>\r\n              \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/resident-director\/\">Resident director services?<\/a><\/li>\r\n                   \r\n            \r\n                    \r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-support\">Business Setup Support Services<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-support\">\r\n                   \r\n                   <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/employment-act-in-singapore\/\">Employment law in Singapore<\/a><\/li>\r\n                   \r\n                    <li><a href=\"https:\/\/cla.global\/recruitment\/\">Human resources services<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/services\/staff-recruitment\/\">Employee considerations!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/tax-audit-services\/\">Singapore virtual office services!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/virtual-office\/\">Find office premises!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/trademark\/\">Trademark registration!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/start-up\/\">Entrepreneur\u2019s start-up guide?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/support-services\/\">Business startup support services?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/transfer-solution\/\">Singapore LLC transfer solution?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/ship-registration\/\">Singapore ship registration?<\/a><\/li>\r\n                    \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/company-de-registration\/\">Singapore company de-registration<\/a><\/li>\r\n                  \r\n                    <li><a href=\"https:\/\/cla.global\/services\/corporate-advisory-solutions\/\">Other support services!<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-other\">Other Country Information<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-other\">\r\n                    \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/about-2\/\">Success tips when doing business in Singapore!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/about-2\/\">Interesting facts about Singapore!<\/a><\/li>\r\n                    <li><a href=\"#\">Client case studies!<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n        <\/ul>\r\n    <\/aside>\r\n<\/div>\r\n\r\n<script>\r\n(function() {\r\n    'use strict';\r\n    let isInitialized = false;\r\n    function initUKSidebar() {\r\n        if (isInitialized) return;\r\n        document.addEventListener('click', function(e) {\r\n            if (!e.target.closest('.uk-sidebar-component')) return;\r\n            if (e.target && e.target.classList.contains('uk-dropdown-toggle')) {\r\n                e.preventDefault();\r\n                e.stopPropagation();\r\n                const parentItem = e.target.closest('.uk-menu-item');\r\n                if (!parentItem) return;\r\n                const allItems = document.querySelectorAll('.uk-sidebar-component .uk-menu-item.uk-has-dropdown');\r\n                allItems.forEach(function(item) {\r\n                    if (item !== parentItem && item.classList.contains('uk-active')) {\r\n                        item.classList.remove('uk-active');\r\n                    }\r\n                });\r\n                parentItem.classList.toggle('uk-active');\r\n                return;\r\n            }\r\n        });\r\n        isInitialized = true;\r\n    }\r\n    if (document.readyState === 'loading') {\r\n        document.addEventListener('DOMContentLoaded', initUKSidebar);\r\n    } else {\r\n        initUKSidebar();\r\n    }\r\n    window.addEventListener('load', function() {\r\n        setTimeout(initUKSidebar, 100);\r\n    });\r\n})();\r\n<\/script>\r\n<\/body>\r\n<\/html>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ca133b8 e-flex e-con-boxed e-con e-child\" data-id=\"ca133b8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ba538cb elementor-widget elementor-widget-heading\" data-id=\"ba538cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Singapore corporate bank accounts<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce2c596 elementor-widget elementor-widget-text-editor\" data-id=\"ce2c596\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CLA Consultants Group helps multi-national Clients open multi-currency corporate bank accounts in Singapore, both for local and overseas companies.<\/p><p>Without bank signatory travel, our Singaporean team will project manage the\u00a0multi-currency corporate bank account opening process, including preparing a quality business plan for our Client\u2019s business.<\/p><p>We recommend our multi-national Clients read this web page to avoid bank surprises later!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24a5ec2 elementor-widget elementor-widget-n-accordion\" data-id=\"24a5ec2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3840\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-3840\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Table of Singapore banking problems and solutions <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3840\" class=\"elementor-element elementor-element-650c2c6 e-con-full e-flex e-con e-child\" data-id=\"650c2c6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b985d33 elementor-widget elementor-widget-html\" data-id=\"b985d33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n    .singapore-banking-widget {\r\n      display: flex;\r\n      flex-direction: column;\r\n      align-items: center;\r\n      padding: 40px;\r\n      gap: 20px;\r\n      max-width: 1200px;\r\n      margin: 0 auto;\r\n      box-sizing: border-box;\r\n    }\r\n    .singapore-banking-widget * {\r\n      box-sizing: border-box;\r\n    }\r\n    .text-section {\r\n      width: 100%;\r\n      max-width: 800px;\r\n    }\r\n    .text-section h3, .text-section h4 {\r\n      font-size: 1.5rem;\r\n      margin: 0;\r\n      color: #003f51;\r\n    }\r\n    .text-section p {\r\n      font-size: 1.125rem;\r\n      margin-top: 10px;\r\n      color: #475569;\r\n    }\r\n    .text-section a {\r\n      color: #007bff;\r\n      text-decoration: none;\r\n    }\r\n    .text-section a:hover {\r\n      text-decoration: underline;\r\n    }\r\n    .table-responsive {\r\n      width: 100%;\r\n      overflow-x: auto;\r\n      -webkit-overflow-scrolling: touch;\r\n    }\r\n    .merged-table {\r\n      width: 100%;\r\n      border-collapse: collapse;\r\n      min-width: 500px;\r\n      table-layout: fixed;\r\n    }\r\n    .merged-table th,\r\n    .merged-table td {\r\n      border: 1px solid #ccc;\r\n      padding: 12px;\r\n      text-align: left;\r\n      word-break: break-word;\r\n      white-space: normal;\r\n    }\r\n    .merged-table thead th {\r\n      background-color: #d6ecff;\r\n      font-weight: bold;\r\n      color: #003f51;\r\n    }\r\n    .merged-table tbody tr:hover {\r\n      background-color: #f0f9ff;\r\n    }\r\n    .merged-table colgroup col:first-child {\r\n      width: 50%;\r\n    }\r\n    .merged-table colgroup col:nth-child(2) {\r\n      width: 50%;\r\n    }\r\n    @media (max-width: 768px) {\r\n      .singapore-banking-widget {\r\n        padding: 20px;\r\n      }\r\n      .text-section h3, .text-section h4 {\r\n        font-size: 1.25rem;\r\n      }\r\n      .text-section p {\r\n        font-size: 1rem;\r\n      }\r\n      .merged-table {\r\n        font-size: 0.9rem;\r\n      }\r\n      .merged-table th,\r\n      .merged-table td {\r\n        padding: 10px;\r\n      }\r\n    }\r\n    @media (max-width: 480px) {\r\n      .singapore-banking-widget {\r\n        padding: 10px;\r\n      }\r\n      .text-section h3, .text-section h4 {\r\n        font-size: 1.1rem;\r\n      }\r\n      .text-section p {\r\n        font-size: 0.875rem;\r\n      }\r\n      .merged-table {\r\n        font-size: 0.8rem;\r\n        min-width: 600px;\r\n      }\r\n      .merged-table th,\r\n      .merged-table td {\r\n        padding: 8px;\r\n      }\r\n    }\r\n  <\/style>\r\n<\/head>\r\n<body>\r\n  <div class=\"singapore-banking-widget\">\r\n \r\n    <div class=\"table-responsive\">\r\n      <table class=\"merged-table\">\r\n        <colgroup>\r\n          <col>\r\n          <col>\r\n        <\/colgroup>\r\n        <thead>\r\n          <tr>\r\n            <th>Singapore banking problem<\/th>\r\n            <th>Solution<\/th>\r\n          <\/tr>\r\n        <\/thead>\r\n        <tbody>\r\n          <tr>\r\n            <td>Singaporean banks are extremely choosy about the customers they onboard. Top tier banks increasingly focus on large, profitable low risk corporate Clients. Generally, Singaporean s are not too interested in small companies.<br><br>Because of MAS 626, all Singaporean banks require the bank signatory to visit Singapore for a one-hour interview.<\/td>\r\n            <td>Since 2003, CLA Consultants Group has built quality banking relationships with Singaporean banks. Local banks trust and welcome our multi-national Clients. A quality business plan is a big help.<br><br>We recommend our Client travels (click link) to Singapore to open multiple multi-currency corporate bank accounts with multiple different banks. Our Staff will accompany you to each bank meeting.<br><br>CLA Consultants Group has a guaranteed corporate bank account approval policy.<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Currently, Singaporean banks prefer to onboard businesses that i) provide evidence that they will have some business activities connected to Singapore (eg. local suppliers and customers); and ii) have economic substance in Singapore (eg. local staff or a local bank signatory). More information on the Singaporean banking landscape here.<\/td>\r\n            <td>As always, CLA Consultants Group will assist our multi-national Clients with alternative solutions including i) securing a multi-currency corporate bank account outside of Singapore; or ii) securing a trading with a reputable Payment Service Provider.<br><br>For Clients having a strong preference for a Singaporean banking solution, we will also assist our Clients to meet local banks\u2019 requirements, by recruiting local staff and supplying bank signatory services.<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Global banks continue to tighten corporate bank account opening procedures, their internal compliance departments completing more thorough due diligence of Clients. Consequently, our Clients should expect bank account approval to take up to six weeks. Furthermore, banks now require evidence of proof of business in the country where the company bank account will be, including sales contracts or lease agreement.<\/td>\r\n            <td>If our Client requires a bank account at short notice, we recommend an immediate Singapore solution (Singapore company plus already-approved Singapore corporate bank account).<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Because Singaporean banks are in so much demand, bank charges are high. For example:<br>The minimum bank balance to maintain ranges from US$10,000 to US$100,000.<br>Average bank charges for outgoing funds transfers are US$50.<br>The annual account service fee can be US$5,000 (for example, Citibank).<\/td>\r\n            <td>Singapore is a AAA rated financial services centre, boasting no national debt and healthy liquid banks. Consequently, we recommend our multi-national Clients pay these bank charges. During the global depression, it is important to house funds in dependable safe banks.<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>If Singaporean banks perceive any unusual bank account activity, they will close the corporate bank account with one month\u2019s notice to the beneficial owners. No questions asked, no chance to defend yourself.<\/td>\r\n            <td>We recommend our multi-national Clients open multiple back-up multi-currency corporate bank accounts with different banks.<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singaporean banks consider tax neutral entities to be high risk customers, and do not welcome corporate bank account applications from these potential Clients.<\/td>\r\n            <td>Re-domicile (click link) your tax neutral entity to a more reputable jurisdiction. Thereafter, Singaporean banks will welcome a corporate bank account opening application.<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>The majority of Singaporean banks only provide telephone support during Singapore business hours! This is inconvenient for multi-national Clients in Europe or the USA.<\/td>\r\n            <td>CLA Consultants Group Staff assists our multi-national Clients with bank communication, regardless of time zones.<\/td>\r\n          <\/tr>\r\n        <\/tbody>\r\n      <\/table>\r\n    <\/div>\r\n  <\/div>\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3841\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3841\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> The Singapore banking sector <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3841\" class=\"elementor-element elementor-element-0a9e469 e-con-full e-flex e-con e-child\" data-id=\"0a9e469\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e58cfd5 elementor-widget elementor-widget-text-editor\" data-id=\"e58cfd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CLA Consultants Group\u2019s summary view<\/p><ol class=\"tick\"><li>Singapore is a reputable stable jurisdiction with a strong secure regulated banking system. Banking in Singapore is therefore an excellent long-term solution for our multi-national Clients.<\/li><li>Singapore\u2019s sovereign credit cedit rating in August 2020 is\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0AAA (<a href=\"https:\/\/www.fitchratings.com\/research\/sovereigns\/fitch-affirms-singapore-at-aaa-outlook-stable-14-08-2020\" target=\"_blank\" rel=\"noopener nofollow\">Fitch<\/a>)\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0AAA (<a href=\"https:\/\/www.moodys.com\/credit-ratings\/Singapore-Government-of-credit-rating-680430\" target=\"_blank\" rel=\"noopener nofollow\">Moody\u2019s<\/a>) and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0AAA (<a href=\"https:\/\/www.standardandpoors.com\/en_US\/delegate\/getPDF;jsessionid=438CBEB90E38CB0C16CE20A83FDEA8E4?articleId=2419970&amp;type=COMMENTS&amp;subType=REGULATORY\" target=\"_blank\" rel=\"noopener nofollow\">Standard &amp; Poors<\/a>). As a result, investors see Singapore as a stable and comfortable\u00a0<a href=\"https:\/\/www.statista.com\/statistics\/270228\/top-financial-centers-on-the-global-financial-centres-index\/\" target=\"_blank\" rel=\"noopener nofollow\">global financial centre<\/a>\u00a0in which to place funds.<\/li><li>Singapore dollar savings, current and deposit bank accounts are Government insured up to S$75,000, providing comfort for depositors.<\/li><\/ol><ol class=\"cross\"><li>However, deposits in other currencies (US$, EUR etc) are\u00a0<a href=\"https:\/\/www.sdic.org.sg\/public\/di_scope_of_coverage\" target=\"_blank\" rel=\"noopener nofollow\">not covered<\/a>.<\/li><li>From 2020, Singapore\u2019s economy is suffering its\u00a0<a href=\"https:\/\/www.straitstimes.com\/business\/economy\/singapore-lowers-2020-gdp-forecast-to-between-5-and-7-as-economy-plunges-worse-than\" target=\"_blank\" rel=\"noopener nofollow\">deepest recession on record<\/a>. As a result, more local businesses are going bankrupt, and loan defaults will cause some local banks to seek government assistance. In April 2020, Fitch\u00a0<a href=\"https:\/\/www.fitchratings.com\/research\/banks\/singapore-banks-weakening-operating-environment-pressures-ratings-06-07-2020\" target=\"_blank\" rel=\"noopener nofollow\">downgraded the ratings<\/a>\u00a0of\u00a0<a href=\"https:\/\/www.dbs.com\/default.page?gclid=EAIaIQobChMIhcXv2svW6wIVWDUrCh0-Mg5pEAAYASAAEgJjU_D_BwE&amp;gclsrc=aw.ds\" target=\"_blank\" rel=\"noopener nofollow\">DBS<\/a>\u00a0Group,\u00a0<a href=\"https:\/\/www.ocbc.com\/group\/group-home.html\" target=\"_blank\" rel=\"noopener nofollow\">OCBC<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.uob.com.sg\/onecards\/index.html?gclid=EAIaIQobChMIk_iM88vW6wIV1X4rCh2t0AnOEAAYASAAEgLcsPD_BwE&amp;ef_id=EAIaIQobChMIk_iM88vW6wIV1X4rCh2t0AnOEAAYASAAEgLcsPD_BwE:G:s&amp;s_kwcid=AL!810!3!446504588565!e!!g!!uob%20singapore&amp;s_cid=pfs:sg:paid:sea:go:na:tx:na:cc:011119-evergreen:na:cvp_cashback:pc-go&amp;vid=purpleclick_google\" target=\"_blank\" rel=\"noopener nofollow\">UOB<\/a>\u00a0to Rating Watch Negative due to the \u2018weakening operating environment\u2019.<\/li><\/ol><ol><li style=\"list-style-type: none;\"><ol class=\"tick\"><li>Overall, CLA Consultants Group recommends our multi-national Clients use Singapore as their preferred banking location, together with London and New York.<\/li><\/ol><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3842\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3842\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Key information on the Singapore banking sector <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3842\" class=\"elementor-element elementor-element-269c189 e-con-full e-flex e-con e-child\" data-id=\"269c189\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-76b50de elementor-widget elementor-widget-text-editor\" data-id=\"76b50de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li>The\u00a0<a href=\"https:\/\/www.mas.gov.sg\/\" target=\"_blank\" rel=\"noopener nofollow\">Monetary Authority of Singapore<\/a>\u00a0regulates and supervises over 150 deposit-taking institutions in Singapore, including full banks, wholesale banks, merchant banks and finance companies. Singapore is home to\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a05 local commercial banks\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0119 foreign-owned commercial banks and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0six banks offering Islamic finance services.<\/li><li>There are no currency controls in Singapore. As well as Singapore dollars, local banks offer accounts in multiple currencies including Yen, RMB, euro, US dollars and other Asian currencies.<\/li><li>CLA Consultants Group\u2019s preferred banking options in Singapore are <span class=\"yellow-roman\">i)<\/span>\u00a0<a href=\"https:\/\/www.business.hsbc.com.sg\/en-sg\" target=\"_blank\" rel=\"noopener\">HSBC<\/a>\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0<a href=\"https:\/\/www.sc.com\/sg\/business\/\" target=\"_blank\" rel=\"noopener nofollow\">Standard Chartered<\/a>\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0<a href=\"https:\/\/www.citibank.com.sg\/gcb\/citibusiness\/home\/index.htm?lid=SGENCBGBAMITLCitiBusiness\" target=\"_blank\" rel=\"noopener nofollow\">Citibank<\/a>\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0<a href=\"https:\/\/www.dbs.com.sg\/corporate\/default.page\" target=\"_blank\" rel=\"noopener nofollow\">DBS<\/a>\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0<a href=\"https:\/\/www.ocbc.com\/business-banking\/index.html\" target=\"_blank\" rel=\"noopener nofollow\">OCBC<\/a>\u00a0and\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0<a href=\"https:\/\/www.uob.com.sg\/business\/index.page?lid=default-landing-bb\" target=\"_blank\" rel=\"noopener nofollow\">UOB<\/a>. These banks offer the best internet banking and customer care. Relationships with these banks also simplify the process of opening new accounts as your business grows worldwide.<\/li><li>Singapore banks offer savings, deposits and checking accounts, online banking, currency exchange, foreign currency banking, wire transfers, ATM services, wealth management, loans, LCs, treasury, hedging and advisory services.<\/li><li>Singapore plans to become\u00a0<a href=\"https:\/\/easyfind.sg\/government-announces-plan-to-make-singapore-a-cashless-society-by-2025\/\" target=\"_blank\" rel=\"noopener nofollow\">cashless by 2025<\/a>. Even the smallest transactions can already be completed by local and international debit and credit cards. Consequently, there is a dwindling ATM network in Singapore.<\/li><li>All Singapore bank branch staff speak English, and all correspondence and online banking is conducted in English. Some banks also offer Chinese language services.<\/li><li>Paying various utility bills is much easier via online banking. Government fees can be paid online via a Singapore dollar account.<\/li><li>Local retail banks offer better currency exchange rates than money changers. If you open a foreign currency account along with a Singapore dollar account, transfers can easily be made between the two.<\/li><li>In 2020, Singapore banks pay up to 1.25% interest on Singapore dollar fixed deposits.<\/li><li>In 2020, local cryptocurrency firms need to be licenced. As well as cementing the city\u2019s position as a\u00a0<a href=\"https:\/\/fintechnews.sg\/42684\/blockchain\/asias-crypto-derivatives-market-overview-and-infographic-2020\/\" target=\"_blank\" rel=\"noopener nofollow\">global cryptocurrency hub<\/a>, this move provides greater comfort to international investors in Singapore-based cryptocurrency.<\/li><li>Singapore is a signatory to the\u00a0<a href=\"https:\/\/www.healyconsultants.com\/company-formation\/due-diligence\/global-banking-trends\/\" target=\"_blank\" rel=\"noopener\">Common Reporting Standard<\/a>\u00a0(CRS), a global initiative to clamp down on tax evasion. As a result, Singapore-based banks share information on accounts and account holders with tax authorities where the company\/individual is tax-resident.<\/li><li>Similarly, under the\u00a0Foreign Account Tax Compliance Act\u00a0(FATCA), since 2014 Singapore banks report information on US account holders to the\u00a0<a href=\"https:\/\/www.irs.gov\/\" target=\"_blank\" rel=\"noopener nofollow\">US Inland Revenue Service<\/a>\u00a0(IRS). In fact, the IRS has an office in Singapore that houses 250 Staff.<\/li><li>Foreign individuals can apply for\u00a0<a href=\"http:\/\/www.ica.gov.sg\/e_services_overview.aspx?pageid=303&amp;secid=302\" target=\"_blank\" rel=\"noopener nofollow\">Singapore permanent residency<\/a>\u00a0if they hold at least S$5 million (US$4.08 million) with a financial institution regulated by the\u00a0<a href=\"http:\/\/www.mas.gov.sg\/\" target=\"_blank\" rel=\"noopener nofollow\">Monetary Authority of Singapore<\/a>.<\/li><li>Demand for corporate bank accounts in Singapore continues to grow due to\u00a0<a href=\"http:\/\/www.financeoffshore.com\/article_template.asp?ns6=true&amp;ie4up=true&amp;CentreID=21&amp;articleID=1598&amp;CurrentYear=12&amp;CurrentQuarter=2\" target=\"_blank\" rel=\"noopener nofollow\">increased capital flow<\/a>\u00a0from the West into Singapore, including from Hong Kong<\/li><li>In April 2020, foreign currency deposits in Singapore\u00a0<a href=\"https:\/\/www.straitstimes.com\/business\/banking\/singdollar-deposits-hit-new-high-with-banks-reporting-that-customers-are-saving\" target=\"_blank\" rel=\"noopener nofollow\">hit a record high<\/a>\u00a0as global investors sought a safe location amid the global COVID-19 pandemic. Large inward capital flows are strengthening bank balance sheets. We also expect the range of private banking solutions in Singapore to expand.<\/li><li>The Singapore dollar rallied in June 2020, and remains one of Southeast Asia\u2019s\u00a0<a href=\"https:\/\/www.businesstimes.com.sg\/government-economy\/singdollar-likely-to-stabilise-along-with-covid-19-caseload-says-fitch-solutions\" target=\"_blank\" rel=\"noopener nofollow\">most stable currencies<\/a>. In July 2020, Singapore\u2019s foreign currency stockpile reached a record\u00a0<a href=\"https:\/\/www.mas.gov.sg\/statistics\/reserve-statistics\/official-foreign-reserves\" target=\"_blank\" rel=\"noopener nofollow\">US$321 billion<\/a>.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3843\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3843\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> CLA  Consultants Group fees to help open a corporate bank account in Germany <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3843\" class=\"elementor-element elementor-element-05e6812 e-con-full e-flex e-con e-child\" data-id=\"05e6812\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-789f6ab elementor-widget elementor-widget-text-editor\" data-id=\"789f6ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CLA Consultants Group guarantees Singapore company bank accounts approval. Our fees for different banking services include:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fef3495 elementor-widget elementor-widget-html\" data-id=\"fef3495\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n    .singapore-banking-widget {\r\n      display: flex;\r\n      flex-direction: column;\r\n      align-items: center;\r\n      padding: 40px;\r\n      gap: 20px;\r\n      max-width: 1200px;\r\n      margin: 0 auto;\r\n      box-sizing: border-box;\r\n    }\r\n    .singapore-banking-widget * {\r\n      box-sizing: border-box;\r\n    }\r\n    .text-section {\r\n      width: 100%;\r\n      max-width: 800px;\r\n    }\r\n    .text-section h3, .text-section h4 {\r\n      font-size: 1.5rem;\r\n      margin: 0;\r\n      color: #003f51;\r\n    }\r\n    .text-section p {\r\n      font-size: 1.125rem;\r\n      margin-top: 10px;\r\n      color: #475569;\r\n    }\r\n    .text-section a {\r\n      color: #007bff;\r\n      text-decoration: none;\r\n    }\r\n    .text-section a:hover {\r\n      text-decoration: underline;\r\n    }\r\n    .table-responsive {\r\n      width: 100%;\r\n      overflow-x: auto;\r\n      -webkit-overflow-scrolling: touch;\r\n    }\r\n    .merged-table {\r\n      width: 100%;\r\n      border-collapse: collapse;\r\n      min-width: 500px;\r\n      table-layout: fixed;\r\n    }\r\n    .merged-table th,\r\n    .merged-table td {\r\n      border: 1px solid #ccc;\r\n      padding: 12px;\r\n      text-align: left;\r\n      word-break: break-word;\r\n      white-space: normal;\r\n    }\r\n    .merged-table thead th {\r\n      background-color: #d6ecff;\r\n      font-weight: bold;\r\n      color: #003f51;\r\n    }\r\n    .merged-table tbody tr:hover {\r\n      background-color: #f0f9ff;\r\n    }\r\n    .merged-table colgroup col:first-child {\r\n      width: 60%;\r\n    }\r\n    .merged-table colgroup col:nth-child(2) {\r\n      width: 20%;\r\n    }\r\n    .merged-table colgroup col:nth-child(3) {\r\n      width: 20%;\r\n    }\r\n    @media (max-width: 768px) {\r\n      .singapore-banking-widget {\r\n        padding: 20px;\r\n      }\r\n      .text-section h3, .text-section h4 {\r\n        font-size: 1.25rem;\r\n      }\r\n      .text-section p {\r\n        font-size: 1rem;\r\n      }\r\n      .merged-table {\r\n        font-size: 0.9rem;\r\n      }\r\n      .merged-table th,\r\n      .merged-table td {\r\n        padding: 10px;\r\n      }\r\n    }\r\n    @media (max-width: 480px) {\r\n      .singapore-banking-widget {\r\n        padding: 10px;\r\n      }\r\n      .text-section h3, .text-section h4 {\r\n        font-size: 1.1rem;\r\n      }\r\n      .text-section p {\r\n        font-size: 0.875rem;\r\n      }\r\n      .merged-table {\r\n        font-size: 0.8rem;\r\n        min-width: 600px;\r\n      }\r\n      .merged-table th,\r\n      .merged-table td {\r\n        padding: 8px;\r\n      }\r\n    }\r\n  <\/style>\r\n<\/head>\r\n<body>\r\n  <div class=\"singapore-banking-widget\">\r\n \r\n    <div class=\"table-responsive\">\r\n      <table class=\"merged-table\">\r\n        <colgroup>\r\n          <col>\r\n          <col>\r\n          <col>\r\n        <\/colgroup>\r\n        <thead>\r\n          <tr>\r\n            <th>Singapore banking task<\/th>\r\n            <th>Our Client travels<\/th>\r\n            <th>US$<\/th>\r\n          <\/tr>\r\n        <\/thead>\r\n        <tbody>\r\n          <tr>\r\n            <td>Singapore bank account for an overseas company<\/td>\r\n            <td>Yes<\/td>\r\n            <td>4,950<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore bank account for a Singaporean LLC<\/td>\r\n            <td>Yes<\/td>\r\n            <td>4,950<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore personal bank account<\/td>\r\n            <td>No<\/td>\r\n            <td>4,950<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore trade finance assistance<\/td>\r\n            <td>No<\/td>\r\n            <td>3,500<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore corporate finance assistance<\/td>\r\n            <td>No<\/td>\r\n            <td>5,000<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore international mortgages finance assistance<\/td>\r\n            <td>No<\/td>\r\n            <td>6,500<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore private equity assistance<\/td>\r\n            <td>No<\/td>\r\n            <td>8,950<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore government grants assistance<\/td>\r\n            <td>No<\/td>\r\n            <td>5,500<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore investment banking assistance<\/td>\r\n            <td>No<\/td>\r\n            <td>5,500<\/td>\r\n          <\/tr>\r\n          <tr>\r\n            <td>Singapore private banking assistance<\/td>\r\n            <td>No<\/td>\r\n            <td>5,500<\/td>\r\n          <\/tr>\r\n        <\/tbody>\r\n      <\/table>\r\n    <\/div>\r\n  <\/div>\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8342048 elementor-widget elementor-widget-text-editor\" data-id=\"8342048\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Our multi-currency corporate bank account opening fees cover the following support services:<\/p><ol class=\"tick\"><li>Creating a quality business plan for the Singapore banks, explaining the purpose of the business and future banking transactions.<\/li><li><a href=\"https:\/\/www.healyconsultants.com\/corporate-banking-services\/guaranteed-corporate-bank-account-approvals\/?utm_source=website&amp;utm_medium=homepage&amp;utm_campaign=moon\" target=\"_blank\" rel=\"noopener\">Securing welcome emails<\/a>\u00a0from multiple Singapore banks, inviting our Client to submit a multi-currency corporate bank account application.<\/li><li>CLA Consultants Group\u2019s Banking Team completing, on our Client\u2019s behalf, the multi-currency corporate bank account application forms and collating Know Your Customer (KYC) due diligence documents.<\/li><li>Over the following weeks, the bank officer reverting to CLA Consultants Group multiple times to prepare an accurate, complete multi-currency corporate bank account opening file. When the Singapore bank officer is ready, our Client will convene a Skype video call with the bank.<\/li><li>Following successful completion of the above, the bank officer\u00a0submitting a complete potential customer file\u00a0to the bank Legal and Compliance Department.<\/li><li>After four weeks, our team e-mailing multi-currency corporate bank account numbers to our Client.<\/li><li>Within three weeks, arranging our Client to receive e-banking log in detail, including corporate Visa\/Master debit cards and cheque books.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3844\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3844\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 11 steps to opening Singapore corporate bank accounts <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3844\" class=\"elementor-element elementor-element-0451845 e-con-full e-flex e-con e-child\" data-id=\"0451845\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ca9ec7a elementor-widget elementor-widget-text-editor\" data-id=\"ca9ec7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li>Prior to submitting the account application, CLA Consultants Group requires detailed information on <span class=\"yellow-roman\">i)<\/span>\u00a0company activities (including proof of business-like contracts and invoices etc)\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0the company\u2019s customers and suppliers\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0management team and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0financial projections. We require this information to submit your application with a greater chance of approval.<\/li><li>Upon receipt of the above information, our experts prepare a detailed business plan highlighting the company\u2019s activities, financial projections, and reasons for opening a Singapore bank account. We send the business plan to our Client for review and approval before sharing with banks.<\/li><li>CLA Consultants Group approaches multiple local banks in Singapore to obtain preliminary approval for bank account opening for our Client\u2019s company. We receive multiple welcome emails from banks and share the same with our multi-national Clients\u2019.<\/li><li>After we agree the target banks with our Client, CLA Consultants Group prepares bank account opening forms for our Client\u2019s signature in front of the notary public or local bank branch officer. Once the Client has signed the documents, they courier the originals to CLA Consultants\u2019 Singapore office.<\/li><li>On receipt of the signed bank forms, the banks in-house Legal and Compliance Department will complete their Know Your Client (KYC) procedures to confirm the potential customer is a bona fide businessman.<\/li><li>Depending on our Client\u2019s business and nationality, there is a 50% probability the banks will request a bank signatory to travel for a one-hour bank interview.CLA Consultants Group will try its best to negotiate with the bank for a travel exemption. If our Client must travel for the corporate bank account opening, CLA Consultants Group will refund our Client US$950.<\/li><li>Within three weeks of submission of the account opening application, CLA Consultants Group will receive multi-currency corporate bank account approval notification from the bank officer.<\/li><li>Our Client will be required to fund the bank account within one week. The minimum initial deposit for a business bank account in Singapore can range from US$10,000 to US$100,000, depending on the bank.<\/li><li>Within two weeks, CLA Consultants Group Singaporean office receives Internet banking activation documents. With our multi-national Clients\u2019 written permission, our CFO activates online banking on our Client\u2019s behalf.<\/li><li>Following successful e-banking activation, we dispatch a secure courier to our Client\u2019s preferred mailing address containing\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0original company documents and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0e-banking information and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0other engagement information.<\/li><li>Following receipt of the courier, our Client changes e-banking access passwords to their preferred ones; enjoying sole access to the corporate bank account. From this point onwards, the banking relationship exists between the bank signatory and the bank. CLA Consultants Group is not a party to the banking relationship.<\/li><li>\u00a0<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3845\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3845\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Documents required for Singapore corporate bank account opening <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3845\" class=\"elementor-element elementor-element-dbae5de e-con-full e-flex e-con e-child\" data-id=\"dbae5de\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b3fe2c1 elementor-widget elementor-widget-text-editor\" data-id=\"b3fe2c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li>Completed corporate bank account opening forms.<\/li><li>Company certificate of incorporation and recent certificate of incumbency (or country equivalent).<\/li><li>Certified true copy of company\u2019s business profile from the\u00a0<a href=\"https:\/\/www.bizfile.gov.sg\/ngbbizfileinternet\/faces\/oracle\/webcenter\/portalapp\/pages\/BizfileHomepage.jspx?_afrLoop=46909240360622&amp;_afrWindowMode=0&amp;_afrWindowId=null#%40%3F_afrWindowId%3Dnull%26_afrLoop%3D46909240360622%26_afrWindowMode%3D0%26_adf.ctrl-state%3D6pyokb60j_4\" target=\"_blank\" rel=\"noopener nofollow\">Companies Registrar<\/a>\u00a0(Bizfile) or country equivalent.<\/li><li>Certified true copies of passports of the UBO, shareholders, directors and bank signatories.<\/li><li>Certified true copies of proof of address of the UBO, shareholders, directors and bank signatories.<\/li><li>Certified true copy of the company\u2019s M&amp;AA.<\/li><li>Board of Directors\u2019 approval for the account opening and appointed bank signatories.<\/li><li>Singapore banks may also require\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0legalised copies of the above documents and\/or\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0additional due diligence documents on a case-by-case basis.<\/li><li>A quality business plan prepared by CLA Consultants Group.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3846\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3846\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Germany business finance <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3846\" class=\"elementor-element elementor-element-98c791b e-con-full e-flex e-con e-child\" data-id=\"98c791b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-be9c204 elementor-widget elementor-widget-text-editor\" data-id=\"be9c204\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li>Business banking in Germany is structured in a\u00a0<a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21566013-defending-three-pillars-old-fashioned-favour\" target=\"_blank\" rel=\"noopener nofollow\">three-pillar system<\/a>: private banks, public savings banks and co-operative banks.<\/li><li>Trade finance services include\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0bank guarantees\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0letters of credit\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0finance against trust receipt and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0documents against payment and against acceptance.<\/li><li>Banks are willing to provide finance to a resident company if the following conditions are met:\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0there is a strong business plan in place\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0the Client provides a high level of security\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0the owners and managers of the business have adequate experience\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0the company\u2019s last three years\u2019 audited financial statements are provided and\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0the project stands up to an advanced strength and weakness analysis (SWOT).<\/li><li>Government (public) institutions offer appropriate\u00a0<a href=\"http:\/\/www.gtai.de\/GTAI\/Content\/EN\/Invest\/_SharedDocs\/Downloads\/GTAI\/Fact-sheets\/Facts-figures\/facts-figures-interest-reduced-loans-en.pdf\" target=\"_blank\" rel=\"noopener nofollow\">monetary aid<\/a>\u00a0to firms through various schemes. The value of the aid is determined based on projected economic returns.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3847\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"8\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3847\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Frequently asked questions <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3847\" class=\"elementor-element elementor-element-4edef4d e-con-full e-flex e-con e-child\" data-id=\"4edef4d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6f7581e elementor-widget elementor-widget-n-accordion\" data-id=\"6f7581e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1160\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-1160\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Do Singapore-based banks offer services for foreign SMEs? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region region\" aria-labelledby=\"e-n-accordion-item-3847 e-n-accordion-item-1160\" class=\"elementor-element elementor-element-dd9f841 e-con-full e-flex e-con e-child\" data-id=\"dd9f841\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3c54d31 elementor-widget elementor-widget-text-editor\" data-id=\"3c54d31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Yes. Foreign SMEs can use Singapore small business banking solutions without having to incorporate a resident corporate entity. Online banking is also available through these accounts, making it easy for our Clients to manage their funds from abroad. CLA Consultants will help our Client access this service for US$4,950.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1161\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1161\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Is Singapore business internet banking safe for corporate transactions? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region region\" aria-labelledby=\"e-n-accordion-item-3847 e-n-accordion-item-1161\" class=\"elementor-element elementor-element-a2b6d82 e-con-full e-flex e-con e-child\" data-id=\"a2b6d82\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-20e5833 elementor-widget elementor-widget-text-editor\" data-id=\"20e5833\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CLA Consultants works with some of the best international banks which guarantee the safety of our Client\u2019s corporate account. Industry-standard AES 256-bit encryption is used universally. Two-factor authentication is another layer of protection employed by Singaporean banks for online banking.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1162\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1162\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> I am an entrepreneur and would like to open a business account. Which Singaporean banks would you recommend? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region region\" aria-labelledby=\"e-n-accordion-item-3847 e-n-accordion-item-1162\" class=\"elementor-element elementor-element-54de2b7 e-con-full e-flex e-con e-child\" data-id=\"54de2b7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7c383ef elementor-widget elementor-widget-text-editor\" data-id=\"7c383ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CLA Consultants works with international banks like HSBC, Standard Chartered and Citibank which enjoy a great international reputation. Consequently, our experts will assist you in choosing the optimum bank out of such respectable choices, depending on your needs and preferences.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1163\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1163\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Will internet banking for Singapore accounts be available 24\/7? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region region\" aria-labelledby=\"e-n-accordion-item-3847 e-n-accordion-item-1163\" class=\"elementor-element elementor-element-d0af797 e-con-full e-flex e-con e-child\" data-id=\"d0af797\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bd760d2 elementor-widget elementor-widget-text-editor\" data-id=\"bd760d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Yes. Internet banking services for corporate accounts can be accessed at any time using the Login ID and PIN. However, routine maintenance may sometimes disrupt access at non-peak times.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1164\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1164\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> What will be the due diligence requirement for accessing Singapore business banking services? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region region\" aria-labelledby=\"e-n-accordion-item-3847 e-n-accordion-item-1164\" class=\"elementor-element elementor-element-d491971 e-con-full e-flex e-con e-child\" data-id=\"d491971\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-376b49a elementor-widget elementor-widget-text-editor\" data-id=\"376b49a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>All foreign companies will be required to submit the details of all their shareholders, their company\u2019s business plan and the company\u2019s audited accounts. CLA Consultants will assist the Client in preparing and collating the requisite documents.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1165\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1165\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Are there any special restrictions put on foreigners accessing corporate banking services in Singapore? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region region\" aria-labelledby=\"e-n-accordion-item-3847 e-n-accordion-item-1165\" class=\"elementor-element elementor-element-077d332 e-con-full e-flex e-con e-child\" data-id=\"077d332\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f9aab4 elementor-widget elementor-widget-text-editor\" data-id=\"0f9aab4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>No. There are no special restrictions put on foreigners wishing to make use of Singapore\u2019s corporate banking sector.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3848\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"9\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3848\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> External readings <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3848\" class=\"elementor-element elementor-element-3039551 e-con-full e-flex e-con e-child\" data-id=\"3039551\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-67c70a4 elementor-widget elementor-widget-text-editor\" data-id=\"67c70a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><a href=\"http:\/\/britcham.org.sg\/images\/uploads\/Doing_Business_in_Singapore_Guide_2012.pdf\" target=\"_blank\" rel=\"nofollow noopener\">UK Trade &amp; Investment \u2013 Doing Business in Singapore<\/a><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3849\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"10\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3849\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> External videos <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3849\" class=\"elementor-element elementor-element-1dd462f e-con-full e-flex e-con e-child\" data-id=\"1dd462f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bdd7ea6 elementor-widget elementor-widget-text-editor\" data-id=\"bdd7ea6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><a href=\"http:\/\/www.youtube.com\/watch?v=tFXLV2BDceQ\" target=\"_blank\" rel=\"nofollow noopener\">Singapore \u2013 The Future Switzerland of Asia?<\/a><\/li><li><a href=\"http:\/\/www.swissinfo.ch\/eng\/business\/Is_Singapore_the_next_big_financial_centre.html?cid=33615788\" target=\"_blank\" rel=\"nofollow noopener\">Is Singapore the Next Big Financial Centre?<\/a><\/li><li><a href=\"http:\/\/www.youtube.com\/watch?v=1cYlmqvtiYA\" target=\"_blank\" rel=\"nofollow noopener\">Singapore\u2019s Banking Future \u2013 Peter Sands, Standard Chartered<\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-38410\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"11\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-38410\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Conclusion <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-38410\" class=\"elementor-element elementor-element-5057bc4 e-con-full e-flex e-con e-child\" data-id=\"5057bc4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5e4b671 elementor-widget elementor-widget-text-editor\" data-id=\"5e4b671\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Singaporean multi-currency corporate bank account opening is easy if you know how. Contact CLA Consultants Group if your Firm needs assistance navigating through the different banking solutions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6031913 e-flex e-con-boxed e-con e-parent\" data-id=\"6031913\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1a26383 e-con-full e-flex e-con e-child\" data-id=\"1a26383\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-05dff6f e-con-full e-flex e-con e-child\" data-id=\"05dff6f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-178fcd3 elementor-widget elementor-widget-html\" data-id=\"178fcd3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n\r\n.uk-company-widget * {\r\nbox-sizing: border-box !important;\r\n}\r\n\r\n\/* CTA Section *\/\r\n.uk-cta {\r\npadding: 40px !important;\r\nborder-radius: 10px !important;\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\ntext-align: center !important;\r\nfont-size: 20px !important;\r\nfont-weight: bold !important;\r\nmargin: 30px 0 !important;\r\nbox-shadow: 0 5px 15px rgba(0,0,0,0.1) !important;\r\n}\r\n\r\n\/* Buttons *\/\r\n.uk-btn {\r\ndisplay: inline-block !important;\r\npadding: 10px 20px !important;\r\nborder-radius: 6px !important;\r\nfont-weight: bold !important;\r\nborder: none !important;\r\ncursor: pointer !important;\r\ntransition: all 0.3s ease !important;\r\ntext-decoration: none !important;\r\nfont-size: 14px !important;\r\n}\r\n\r\n.uk-btn-gradient {\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\n}\r\n\r\n.uk-btn-gradient:hover {\r\nopacity: 0.9 !important;\r\n}\r\n\r\n\/* Contact Section *\/\r\n.uk-contact {\r\nborder: 1px solid #e2e8f0 !important;\r\nborder-radius: 8px !important;\r\nbackground: #f1f5f9 !important;\r\npadding: 20px !important;\r\nmargin: 20px 0 0 0 !important;\r\n}\r\n\r\n.uk-contact h4 {\r\nmargin: 0 0 10px 0 !important;\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n.uk-contact p {\r\nmargin: 0 0 15px 0 !important;\r\ncolor: #475569 !important;\r\n}\r\n\r\n.uk-person {\r\ndisplay: flex !important;\r\nalign-items: center !important;\r\ngap: 15px !important;\r\n}\r\n\r\n.uk-person img {\r\nwidth: 60px !important;\r\nheight: 60px !important;\r\nborder-radius: 50% !important;\r\nflex-shrink: 0 !important;\r\n}\r\n\r\n.uk-person strong {\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n\/* Responsive Design *\/\r\n@media (max-width: 480px) {\r\n.uk-cta {\r\npadding: 30px 20px !important;\r\nfont-size: 18px !important;\r\n}\r\n}\r\n\r\n<\/style>\r\n<\/head>\r\n<body>\r\n\r\n\r\n\r\n\r\n\r\n\r\n<!-- CTA -->\r\n<div id=\"uk-cta-section\" class=\"uk-cta\">\r\nRegister your company now! <br>\r\nCLA Group has the solution to help you grow.\r\n<\/div>\r\n\r\n<!-- Contact -->\r\n<div class=\"uk-contact\">\r\n<h4>Contact us<\/h4>\r\n<p>For more info on company registration, please contact our expert directly:<\/p>\r\n<div class=\"uk-person\">\r\n\r\n<div>\r\n<strong>Mr. Petar Chakarov<\/strong><br>\r\nSenior Manager, Sales & Business Development<br>\r\n<a href=\"https:\/\/cla.global\/free-consultation\/\" class=\"uk-btn uk-btn-gradient\">\r\n  Get in touch\r\n<\/a>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e6c5c2 elementor-widget elementor-widget-spacer\" data-id=\"1e6c5c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-de7327a e-flex e-con-boxed e-con e-parent\" data-id=\"de7327a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>CLA assists multi-national Clients\u2019 with business set up in every country on the planet.<\/p>\n<p>For transparency purposes and to help multi-national Clients\u2019 budget future engagement fees, this page outlines average total engagement fees for every country on the planet.<\/p>\n<p>Click on the regional headings to see fees for every jurisdiction around the world.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-989235","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/pages\/989235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/comments?post=989235"}],"version-history":[{"count":37,"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/pages\/989235\/revisions"}],"predecessor-version":[{"id":990052,"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/pages\/989235\/revisions\/990052"}],"wp:attachment":[{"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/media?parent=989235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}