Professional team deeply cultivates Singapore bank compliance requirements, ensuring smooth cross-border financial channels for your enterprise

As an Asian financial center, Singapore attracts global investors with its robust economy and sound legal system. However, under strict anti money laundering (AML) and due diligence (KYC) requirements, opening a bank account in Singapore has become a key challenge for businesses going global.

Data shows that Singapore company registration can be completed in just a few days to two weeks, but the bank account opening process can take up to one to two months. Under the strict supervision of the Monetary Authority (MAS), the intensity of bank reviews on account applications continues to increase, and companies facing many difficulties in applying independently:

⏳ Long review cycle: Enterprise account opening approval generally takes 2-8 weeks, and some cases may take longer due to data issues 📄 High rejection rate of documents: Account opening applications are often repeatedly rejected because the documents do not meet the requirements not explicitly stated by the bank 🔍 Hidden threshold raised: Banks conduct almost strict scrutiny on shareholder backgrounds, funding sources, and business authenticity

🏢 Key points for enterprise account review: Singapore banks implement a "business substance penetration review" for enterprise accounts, focusing on the following aspects: 📑 ● Company qualification documents: Certificate of Registration (CoC), Business Registration Certificate (BR), Articles of Association, Register of Shareholders and Directors 👥 Background of Shareholders and Directors: All shareholders, directors, and UBOs are required to provide identification, address proof, and personal resumes 💼 Proof of Business Authenticity: 2-3 sets of complete business documents (contracts, invoices, bills of lading), business plan, supplier and customer lists 💰 ● Transparency of funding sources: Clearly explain the legality of funding sources, provide corresponding proof, and avoid frequent inflow and outflow of large amounts of funds in the short term

🚨 The following high-risk factors that banks focus on will significantly increase the difficulty of opening an account: • Industry sensitivity (high-risk industries such as cryptocurrency and gambling) • Politically sensitive individuals (PEPs) related shareholders • Complex equity structures or concealed controlling relationships • Newly established companies lacking overseas trading experience

Understanding the "red lines" of bank audits can effectively avoid common risk points: • Non compliant documents: Address proof documents do not meet bank requirements • Unclear business model description: Business plan lacks specific details • Unreasonable explanation of funding sources: Unable to provide legal funding proof • Industry listed on restricted lists (such as cryptocurrency, adult entertainment, etc.) • Lack of commercial substance: Shell companies cannot provide business proof

🎯 1. Precise bank matching and strategy optimization Based on a deep understanding of the Singapore banking industry, we provide customers with the optimal account opening path:

🏦 Accurate bank matching:

DBS Bank: Suitable for Enterprises with High Digital Needs

OCBC: Supporting Small and Medium sized Enterprises

UOB: Significant network advantages in Southeast Asia

Foreign banks (such as HSBC): suitable for multinational trading enterprises

📋 Customized account opening plan: Provide personalized plans for different customer backgrounds 🔗 Special channel coordination: Coordinate exclusive review channels for eligible customers

📝 2. Material pre-approval and compliance optimization. Our unique document pre-approval system has increased the pass rate of materials to industry-leading levels ✅ ● Comprehensive material review, identify problem files in advance 📊 Professional optimization of business plan, clearly explaining business model and capital flow 🔗 Build a business evidence chain to ensure the authenticity of the business 📄 Assist clients in preparing anti money laundering statements and proof of funding sources

💬 3. In person coaching and full support 🎭 ● Provide interview rehearsal training and simulate bank Q&A 🗣️ Professional guidance on customer language expression, avoiding sensitive expressions 🤝 The consultant accompanies and supports the entire process, responding promptly to unexpected situations

🛡️ 4. Account maintenance and risk control 💰 ● Account activation guidance and first transaction advice 📊 Compliance training: Keep accounts active and avoid high-risk areas 🔄 ● Regular KYC support to assist in updating information

⚡ Through our professional services, the account opening approval cycle can be controlled within 2-4 weeks, significantly faster than the industry average time.

✅ Professional qualification guarantee: proficient in MAS regulatory policies and bank compliance logic ✅ Rich case accumulation: Successfully handling various complex account opening scenarios ✅ High success rate: Data pre review system+bank exclusive channel ✅ Full lifecycle services: one-stop integration of registration, account opening, annual review, and audit ✅ Efficient response mechanism: transparent communication, quick response

Against the backdrop of increasingly stringent global regulations, Singapore bank accounts have become a valuable resource for cross-border business operations of enterprises. Choosing a professional service agency is not only an effective guarantee for improving the success rate of account opening, but also an important part of a company's globalization strategy. Let professionals do professional things - your success, our mission.

Hongyuan International | One stop Service Expert for Enterprises Going Global

H & Y  INTERNATIONAL 

core business

✅ Overseas company registration (Hong Kong, Singapore, etc.)

✅ Overseas bank account opening and secretarial services

✅ International tax planning and cross-border financial and tax services

✅ Overseas architecture design and overseas investment filing

✅ Global Intellectual Property and Identity Planning

Service Advantages

-Professional integrity and efficiency: With over 15 years of industry experience, we focus on the global development of enterprises

-One stop solution: from registration to architecture, finance and taxation, identity, covering the entire process

-Butler style customized service: one-on-one professional consultant, tailored overseas plan

-Word of mouth guarantee: helping enterprises expand steadily and win industry trust

Service Advantages

📞 Hotline: 400 118 5939 138 2880 5818 (same as WeChat for mobile phones)

🌐 Service philosophy: Professional planning, efficient execution, helping enterprises set sail globally!