There are three major local banks in Singapore: DBS, UOB UOB and OCBC.

Singapore companies often choose the three major local banks to open accounts. Local banking services are more comprehensive and advantageous, which is not only convenient for account use, but also easier to handle if further financial services, loans and letter of credit LC are needed.

DBS

is currently the largest commercial bank in Singapore and Southeast Asia (measured by assets). It was rated as "the safest bank in Asia" by Global Finance magazine. As a state-owned bank in Singapore, it has a large scale and its outlets are widely distributed all over the world.

OCBC

As the second largest private commercial bank in Singapore and the oldest local bank in Singapore, the fees charged by banks are relatively low. OCBC Bank mainly serves Singapore, Malaysia, Indonesia and China.

uob UOB

uob is the third largest bank in Singapore, which was founded by Huang Qingchang, a businessman from Sarawak, and other Fujian businessmen. Ranked 14th in the ranking of "the safest bank in Asia" selected by Global Finance magazine, which has advantages for financing projects.

information required for opening an account in a bank in Singapore

1. copy of the business profile

2. copy of the articles of association

3. clear copies of the identity cards and passports of the company's directors and shareholders

4. proof of the personal address of the authorized person signing the account, which can be bank bills, water, electricity and gas bills, etc. Issue date should be within 3 months

5. Resume of the account signing authorizer (mainly explaining the company's management experience)

6. Business certificate:

a) Trading company: three sales and purchase contracts in the last three months/corresponding invoices/bills of lading/packing list/customs declaration, etc. b) Investment holding company: investment certificate (i.e. letter of intent, equity agreement or title contract). Business contracts of affiliated companies in other countries need to be provided as supporting materials

d) list of suppliers and customers

7. Fill in the bank account opening questionnaire

Yangyida can provide you with bank account opening, company registration, trademark registration and other services, and the full amount will not be refunded successfully. I hope it can be adopted ~