– one foreign director and our nominee director
– one local director
we can assist with the first bank account opening including preparation of board resolution and signing of bank account opening forms in our office, free of charge, especially with OCBC Bank.
For companies with the following board composition:
– two or more foreign directors and our nominee director
– more than two directors without engaging our nominee director services
we can assist with the first bank account opening including preparation of board resolution free of charge especially with OCBC bank and signing of bank account opening form, if required, at a fee from $100 (W/GST $108) depending on the bank, after the board resolution has been signed and verified, authorising the nominee director or secretary to sign the documents.
Most banks in Singapore will require the physical presence by at least one director hence at least one director (excluding our nominee director) will need to be present for the account opening process.
For clients who are arranging for the first bank account opening with their own preferred bank without requiring any of our assistance, please be reminded to let us have a copy of the signed banks standard form containing the resolution to open the account, for our records.
For clients who are arranging for the first bank account opening at their own bank without physical presence, please check if it is permissible by the bank. If you require our nominee director or secretary to provide outgoing services to sign any documents at any bank branch, our fees wil be from $250 (W/GST $272.50) per visit.
For bank account opening process, we can only provide documents certification services including copy of passport/NRIC only if the bearers are present in our office and the original documents are produced. Extra charges will apply. For companies with corporate shareholders, the banks will require the registration documents of the corporate shareholders and they must be notarised by a notary public, practising accountant or lawyer who are registered and searchable via their professional website. If we are required to provide further certification on these documents, we will require the local director (other than those using our nominee director services) to also certify on them and our extra charges will apply.