Nominee Director

The Law mandates that a minimum of one resident director is required in order to open up a business account

These are the important points that you must condier inorder to nominate a director.

  • • The Singapore Companies Act does not allow corporate directors
  • • Non-shareholders can also be appointed as Directors
  • • A director and shareholder can be the same person
  • • Details of directors will appear on public records
  • • The appointed director must be at least 18 years of age and not be bankrupt or has prior record of malpractice

 

To Open A Corporate Bank Account

When you incorporate your company with us, you save valuable time. We help open a corporate bank account with our bankers at your ease by having them meet at our office at your convinience. The procedure if very fast and easy. Within a few hours, your Bank Account will be opened.
Below you can find the required documents for opening the bank account:

  • • Corporate Opening Forms (Forms from the bank)
  • • Board Of Director's Resoluiton (Most banks use their own format)
  • • Companies Business Profile form ACRA
  • • Companies Memorandum & Articles of Association (MAA)
  • • Copies of Passport or IC ( For Singaporeans or Permanent Address )
  • • Residental Address Proof For Directors & Signatories.

 

Major Local Banks

  • • Development Bank of Singapore (DBS)
  • • Oversea Chinese Banking Corporation (OCBC)
  • • United Overseas Bank (UOB)
  • • May Bank

Major Foreign Banks

  • • Citibank
  • • Standard Chartered
  • • ABN Amro
  • • The Hong Kong and Shanghai Banking Corporation • (HSBC) Limited

Major Indian Banks

  • • Indian Bank
  • • States Bank of India
  • • Bank of India
  • • Indian Overseas Bank
  • • UCO Bank