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Business Account Singapore

Updated: Sep 30, 2023

Aspire Multi-currency Business Account
Aspire Multi-currency Business Account

Business Account Singapore

Aspire Multi-currency Business Account

A business account in Singapore is a bank account that is designed for businesses of all sizes, from startups to large enterprises. Business accounts typically offer a variety of features and services that are tailored to the needs of businesses, such as:

  • Multiple users and roles

  • Increased transaction limits

  • Dedicated business support

  • Access to business banking tools and resources

Some of the benefits of opening a business account in Singapore include:

  • Separate finances: Keeping your personal and business finances separate can help you to better track your expenses and income, and to avoid any potential tax liabilities.

  • Credibility: Having a business bank account can make your business look more credible and professional to potential customers and suppliers.

  • Convenience: Business bank accounts typically offer a variety of features and services that can make it easier to manage your business finances, such as online banking, mobile banking, and payroll processing.

To open a business bank account in Singapore, you will typically need to provide the following documents:

  • Business registration certificate

  • Memorandum and Articles of Association (MAA)

  • Proof of identity for the business directors and majority shareholders

  • Board resolution (not required for sole proprietors)

You may also need to provide additional documentation depending on the bank and the type of business account you are applying for.

When choosing a business bank account, it is important to compare the different features and fees that are offered by the different banks. You should also consider the needs of your specific business, such as the types of transactions you will be making and the level of support you need.

Aspire: All-in-one Multi-currency Business Account for Growing Businesses

Multi-currency business account for start-ups and SMEs to manage your company spend and expenses, accounts receivable and payable, invoices, bills

Apply 100% online anytime, anywhere. Access your multi-currency accounts and free local transfers within hours. Free for new businesses.

Get an account to receive USD, SGD and IDR

Enjoy international payments up to 4x cheaper than banks

To submit an account opening application, please click here.

How Bestar can Help

Bestar is a corporate services provider in Singapore that offers a wide range of services, including business account opening assistance. They can help you to:

  • Choose the right business bank account for your needs

  • Gather the necessary documentation

  • Complete the application process

  • Follow up with the bank to ensure that your account is opened on time

Bestar can also provide you with ongoing support for your business account, such as:

  • Answering your questions about the account features and fees

  • Helping you to resolve any problems that you may encounter

  • Advising you on how to manage your business finances effectively

Here are some of the benefits of working with Bestar to open a business account in Singapore:

  • Convenience: Bestar can take care of the entire process for you, saving you time and hassle.

  • Expertise: Bestar has a team of experienced professionals who are knowledgeable about the different business bank accounts available in Singapore.

  • Support: Bestar can provide you with ongoing support for your business account, even after it is open.

If you are considering opening a business account in Singapore, contact Bestar to learn more about our services. We can help you to make the best decision for your business and to ensure that your account is opened smoothly and efficiently.

In addition to the above, Bestar also offers a variety of other services that can be helpful for businesses in Singapore, such as:

  • Company registration

  • Accounting and bookkeeping

  • Tax preparation

  • Corporate secretarial services

  • Payroll processing

  • HR consulting

By working with Bestar, you can get all of the services you need to start and run your business in Singapore from a single provider. This can save you time and money, and it can also give you the peace of mind knowing that your business is in good hands.

Please do not hesitate to contact us should you have any enquiries, happy account opening!

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