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Typically, here is what you will need for your application:",[1528],{"_key":1521,"_type":188,"externalUrl":1529,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fdocuments-required-to-open-a-business-bank-account-in-singapore",{"_key":1531,"_type":170,"children":1532,"markDefs":1537,"style":190},"k142",[1533],{"_key":1534,"_type":174,"marks":1535,"text":1536},"k141",[],"• Documentation and proof of company registration in Singapore",[],{"_key":1539,"_type":170,"children":1540,"markDefs":1545,"style":190},"k145",[1541],{"_key":1542,"_type":174,"marks":1543,"text":1544},"k144",[],"• Proof of identification (applicable for all directors, shareholders, and ultimate beneficial owners)",[],{"_key":1547,"_type":170,"children":1548,"markDefs":1553,"style":190},"k148",[1549],{"_key":1550,"_type":174,"marks":1551,"text":1552},"k147",[],"• Proof of residential address (applicable for all directors, shareholders, and ultimate beneficial owners)",[],{"_key":1555,"_type":170,"children":1556,"markDefs":1561,"style":190},"k151",[1557],{"_key":1558,"_type":174,"marks":1559,"text":1560},"k150",[],"• Detailed background of all ultimate beneficial owners",[],{"_key":1563,"_type":170,"children":1564,"markDefs":1569,"style":190},"k154",[1565],{"_key":1566,"_type":174,"marks":1567,"text":1568},"k153",[],"• Detailed information about the company (including detailed business plan, proposed business activities, potential suppliers and clients, anticipated banking transactional activity, etc.)",[],{"_key":1571,"_type":170,"children":1572,"markDefs":1586,"style":190},"k162",[1573,1577,1582],{"_key":1574,"_type":174,"marks":1575,"text":1576},"k159",[],"• Completed ",{"_key":1578,"_type":174,"marks":1579,"text":1581},"k160",[1580],"k156","corporate account",{"_key":1583,"_type":174,"marks":1584,"text":1585},"k161",[]," opening forms signed by all signatories",[1587],{"_key":1580,"_type":188,"externalUrl":1588,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fbusiness-account",{"_key":1590,"_type":170,"children":1591,"markDefs":1596,"style":190},"k165",[1592],{"_key":1593,"_type":174,"marks":1594,"text":1595},"k164",[],"Take note that these are just the general guidelines and requirements. 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With a 100% ",{"_key":1788,"_type":174,"marks":1789,"text":1791},"k250",[1790],"k244","digital",{"_key":1793,"_type":174,"marks":1794,"text":1795},"k251",[]," onboarding process and same-day account opening, you don’t have to wait weeks to get access to modern features that will elevate the way you run your startup.",[1797,1798],{"_key":1781,"_type":188,"externalUrl":1588,"linkType":145},{"_key":1790,"_type":188,"externalUrl":1799,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fwhat-is-open-banking-api-why-businesses-need-it",{"_key":1801,"_type":170,"children":1802,"markDefs":1807,"style":190},"k256",[1803],{"_key":1804,"_type":174,"marks":1805,"text":1806},"k255",[],"Enjoy no hidden fees, unlimited virtual cards for teams, cashback rewards, and credit solutions  — all in one place.",[],{"slug":1809,"title":1810},"incorporation","Incorporation",{"_type":154,"alternativeText":1812,"height":1055,"url":1813,"width":1057},"A Guide to Opening a Corporate Account for Foreign Startups in Singapore","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002Fbe59f7a6ba2422048ab163fb34024faa\u002Fopening-a-corporate-bank-account-for-foreign-startups_cover.webp",[1815],{"_key":1816,"_type":170,"children":1817,"markDefs":1821,"style":190},"k0",[1818],{"_key":1183,"_type":174,"marks":1819,"text":1820},[],"Here’s everything you need to know about opening a corporate bank account for foreign companies in Singapore.",[],[1823,1838,1845],{"_key":1201,"_type":170,"children":1824,"markDefs":1835,"style":190},[1825,1828,1831],{"_key":1193,"_type":174,"marks":1826,"text":1827},[],"Over the years, Singapore has consistently been ranked as one of the best places to conduct business in Asia and the world, according to ",{"_key":1190,"_type":174,"marks":1829,"text":1830},[1183],"the World Bank Group’s Doing Business report. ",{"_key":1832,"_type":174,"marks":1833,"text":1834},"k6",[],"On top of the seamless incorporation process, our city-state has one of the most technologically driven economies with favourable public legislation and legal frameworks.",[1836],{"_key":1183,"_type":188,"externalUrl":1837,"linkType":145},"https:\u002F\u002Fwww.doingbusiness.org\u002Fen\u002Fdoingbusiness",{"_key":1217,"_type":170,"children":1839,"markDefs":1844,"style":190},[1840],{"_key":1841,"_type":174,"marks":1842,"text":1843},"k12",[],"With that, it’s no surprise that businesses across the globe continue to flock to the ‘little red dot’ to incorporate their business and reap its many benefits. One of the prerequisites for incorporating in Singapore is setting up a local corporate bank account to keep your business funds safe and secure.",[],{"_key":1233,"_type":170,"children":1846,"markDefs":1858,"style":190},[1847,1851,1854],{"_key":1848,"_type":174,"marks":1849,"text":1850},"k18",[],"While the process of opening a business account is different for local and foreign founders, the differences only vary slightly. 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