Business owners choose Singapore because it removes uncertainty. In a world of changing policies, complex taxes, and banking challenges, Singapore offers clarity, stability, and efficiency. With a competitive tax system, strong regulatory framework, and global credibility, it provides a reliable base for international growth across Asia and beyond. Company incorporation and business bank account opening can be completed remotely, with no travel required.
Leadtime: 1 business day
What Do I Get
Leadtime: 1 business day
What Do I Get
Leadtime: 1 business day
What Do I Get
SBC Asia assist & help clients to open business bank accounts in Singapore and Hong Kong.
There are two primary types of bank accounts are commonly used for daily business operations:
We support both digital business accounts and physical bank accounts applications Both allow you to send and receive funds for daily operations, with digital accounts offering a faster setup.
Through our network of trusted partner banks, we simplify the process and arrange pre-approval at no additional cost. We work with leading institutions including
DBS, UOB, HSBC, Airwallex, and Aspire.
For every incorporation, a digital bank account application is included at no charge, unless otherwise stated.
ACRA registers most new Singapore companies within 1 business day once your documents are submitted via BizFile+. The registration itself is fast. What takes longer is the work around it: bank account approval usually runs 2 to 4 weeks, and if you need an Employment Pass, that adds 3 to 8 weeks. Plan for the full sequence, not just the ACRA step.
No. Foreign founders can fully own a Singapore Pte. Ltd. and operate it from overseas. The one statutory requirement is that the company has at least one Singapore-resident director — a citizen, permanent resident, or Employment Pass holder. If you don’t have one, you appoint a nominee director (a Singapore resident who satisfies the rule but holds no executive power) until your own pass is issued.
The statutory minimum is SGD 1. There is no requirement to deposit large sums at registration. SBC recommends issuing SGD 10,000 because traditional banks often read very low capital as a signal that the company is dormant or a shell, which slows down corporate account opening. For founders without those constraints, SGD 1 is legally sufficient.
Both bundle Singapore incorporation, registered office address, company secretary, and nominee director. The International package (SGD 4,995 + SGD 365 government fee) covers founders who plan to run the company from overseas. The International + EP package (SGD 7,365 + SGD 365 government fee) adds one Employment Pass application — the right choice if you intend to relocate to Singapore as the company’s director.
You need a proposed company name ending in PTE. LTD., a description of one or two business activities, a registered Singapore office address, identification documents for each shareholder and director (passport for foreign founders, NRIC for Singapore residents), proof of residential address, and a declaration of share allocation. SBC’s onboarding form walks you through each item before submission to ACRA.
Yes. You select the Financial Year End at incorporation — common choices are 31 March, 30 June, 30 September, or 31 December. After registration, you can shorten the FYE once every 5 years through ACRA without prior approval. Extending it beyond 18 months requires ACRA approval. Most foreign founders pick 31 December to align with their home accounting calendar.
Our multilingual experts deliver fast incorporations and practical business solutions through structured in house workflows.
Our in house system delivers error-free legal documents and cross border compliance across jurisdictions.
Clear, public pricing with all fees disclosed upfront, no hidden charges.
All company data and legal documents are securely stored and protected within our secure server systems.
Practical solutions for every business challenge, supported by step by step guidance and trusted business banking referrals.
Our in house professionals ensure full compliance with local laws across jurisdictions, supported by in house systems and timely statutory deadline reminders.
I would like to commend Joey Tan (Senior Customer Service Executive) for her exemplary service. She is very efficient, helpful, and knowledgeable. She is able to provide answers promptly, and for any matters she is unsure about, she will check with her team or the legal department and revert to us without delay.
Overall, SBC provides very good services, and we truly appreciate the professionalism and responsiveness of the team. Kudos!!
I’ve been using SBC Corporate Services since 2019, and they have always been reliable and professional. The team provides clear guidance, handles matters efficiently, and has remained consistent over the years. A dependable corporate service provider I would recommend.
Exceptional Service for Company Incorporation
I recently had the pleasure of working with SBC to register and incorporate my new company, and I couldn't be more satisfied with the experience. The entire process was hassle-free, and they were incredibly generous and patient in answering all my questions about corporate taxes.
Their service offers great value for money, and I was impressed by the attention to detail. They provided me with a comprehensive pack containing all my corporation documents, neatly organized in a folder. I also received two company chops in different formats, which I’m sure will come in handy.
Overall, SBC made the incorporation process seamless, and I highly recommend their services to anyone looking to start a business!
I highly recommend this business for their professionalism and attentive service rendered to me since the service quality is truly exceptional to set up a business for us in a short period of time. Moreover, the team is extremely knowledgeable and helpful, it is a delight to work with them.
Reliable company who have efficiently and hassle free handled our business in Singapore for the last 5 years.
Exceptional Service for Company Incorporation
I recently had the pleasure of working with SBC to register and incorporate my new company, and I couldn't be more satisfied with the experience. The entire process was hassle-free, and they were incredibly generous and patient in answering all my questions about corporate taxes.
Their service offers great value for money, and I was impressed by the attention to detail. They provided me with a comprehensive pack containing all my corporation documents, neatly organized in a folder. I also received two company chops in different formats, which I’m sure will come in handy.
Overall, SBC made the incorporation process seamless, and I highly recommend their services to anyone looking to start a business!
Paul and Aries from SBC Corp are very professional in their services in helping us to setup our BVI and Cayman companies. I especially like their provision of the opening kit which looks nice and easy for safekeeping of all the documents. I strongly recommend them.
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