Open a Business Account in Singapore with Ease
Start with a free Sleek Business Account*. No minimum balance. No initial deposit. No annual fees.
*Subject to approval.
Opening a business account can be a hassle
- Lengthy process, requiring extensive documentation.
- Non-Singapore based foreigners may need up to 3 months and branch visit, along with hard copies of documents to be sent.
- Traditional corporate bank account can be expensive to setup with high initial deposit and minimum balance requirements.
Sleek simplifies business banking for foreigners and locals
-
- Free corporate account* to all customers once a company is registered or transferred to Sleek.
- All funds are safeguarded by our banking partners, including DBS.
- No deposit or minimum balance required, competitive foreign exchange rate.
- No need to be in Singapore to open a corporate account. Entire process is remote*.
- Begin sending and receiving payments upon account activation.
- Streamline incorporation, compliance, accounting, and banking with Sleek’s all-in-one app.
- Securely hosted account accessible anytime for easy management.
Sleek is licensed by the Monetary Association of Singapore (MAS) with the Major Payment Institution License number PS20200521 under the Payment Services Act. You can check the validity of our license here.
*Subject to approval
DBS
OCBC Bank
Airwallex
Wise
Let’s get you started
Register in minutes | 100% online | Transparent pricing | First-class support
Save time & money with our hassle-free services. Register your private limited company today.
Starter
For Foreigners
Incorporation, Unlimited Corporate Secretary, registered address and Nominee Director for 1st year
Ideal for foreign business owners working remotely or overseas that require a Singapore registered address
From
S$2,450
ncluding S$375 govt fees
+S$2,000 security deposit for nominee director. Deposit is waived by selecting Full compliance plan.
Incorporation
-
Full registration on Company Registry (incl. $315 of govt fees) -
Provision of Company Constitution (memorandum & articles of association) -
All post incorporation documents (e.g. share certificates, registers, and minutes book)
Unlimited Corporate Secretary
-
Preparation & filing of annual return (incl. S$60 Government fees) -
Appointment of Company Directors/Company Secretary/Auditors -
Resignation of Company Directors/Company Secretary/Officers -
Change in officers’ particulars
For Company Secretary:
- Strike-off: S$500
- Other ACRA filing fees and penalties
- For the preparation of any legal documentation outside of the above scope and any related board resolutions to enact these changes, we will be happy to connect you with our legal partners to support you.
Essentials
For Foreigners
Essential features + business account, accounting, tax and payroll for 1st year
Register from abroad and stay fully compliant with straightforward accounting services. Never miss a deadline!
From
S$3,026
Including S$375 govt fees
No deposit required
Incorporation
-
Full registration on Company Registry (incl. $315 of govt fees) -
Provision of Company Constitution (memorandum & articles of association) -
All post incorporation documents (e.g. share certificates, registers, and minutes book)
Unlimited Corporate Secretary
-
Preparation & filing of annual return (incl. S$60 Government fees) -
Appointment of Company Directors/Company Secretary/Auditors -
Resignation of Company Directors/Company Secretary/Officers -
Change in officers’ particulars
Unlimited Corporate Secretary
-
A prestigious CBD Singapore registered address for your company -
A digital mailroom where your mail is scanned and uploaded for your review -
Securely store your mail and easily access it from any where and any time
For Company Secretary:
- Strike-off: S$500
- Other ACRA filing fees and penalties
- For the preparation of any legal documentation outside of the above scope and any related board resolutions to enact these changes, we will be happy to connect you with our legal partners to support you.
Full Compliance
For Foreigners
Full compliance features + Visa services for 1st year
Everything you need to register your business with visa services to relocate to Singapore.
From
S$3,306
Including S$375 govt fees and S$330 MOM fee for visa
No deposit required
Incorporation
-
Full registration on Company Registry (incl. $315 of govt fees) -
Provision of Company Constitution (memorandum & articles of association) -
All post incorporation documents (e.g. share certificates, registers, and minutes book)
Unlimited Corporate Secretary
-
Preparation & filing of annual return (incl. S$60 Government fees) -
Appointment of Company Directors/Company Secretary/Auditors -
Resignation of Company Directors/Company Secretary/Officers -
Change in officers’ particulars
Sleek business account (subject to approval)
-
Opening of an SGD business account -
No deposit, or monthly fees -
Simple transfers (local and international) -
Change in officers’ particulars
Accounting and tax
-
Set up & onboarding -
WhatsApp & digital receipt submission -
Tax support -
Multi-currency support -
Sleek accounting software
For Company Secretary:
- Strike-off: S$500
- Other ACRA filing fees and penalties
- For the preparation of any legal documentation outside of the above scope and any related board resolutions to enact these changes, we will be happy to connect you with our legal partners to support you.
Trusted by over 7000 businesses in Singapore
4.6/5.0 rating
What our customers say about us
Praveen Dayal
Owner,
Elite Expertise Pte Ltd
From the very beginning of the process, the team at Sleek was professional, knowledgeable, and highly responsive to all of our needs. If you’re looking for a company that can provide exceptional service in company incorporation, Company Secretary, accounting services and support, look no further than Sleek.
David Verlee
Owner,
Control Concepts Asia
I have been working with Sleek for over 3 years now and could not be happier with the service. They are professional, practical in their approach and cost-effective. Their business model truly works for our company’s needs and I recommend them all the time to my friends and colleagues.
Kai Kono
Owner,
Spring Digital
Very professional, responsive, and setting up a company was extremely seamless. Highly recommend Sleek to all entrepreneurs and companies setting up in Singapore.
Joshua Chan
Owner,
Maple Fox Films
Sleek has been an intricate part in starting and running my business. I use them for all my business admin and accounting (Shout out to Carl) needs. They continue to be attentive, efficient, and quick to adapt to my needs.
FAQs
Here are some common questions we receive from our customers.
If you have any additional questions, please don’t hesitate to contact us.
What is the approximate timeline to open a corporate bank account in Singapore?
The estimated timeline to open a corporate account can vary from 3 working days to as long as a few months. The time frame is based on the bank’s own internal processing times and KYC checks.
What are the documents the bank will require to open a corporate account?
Basic requirement for a corporate bank account opening in Singapore include:
- Corporate Account Opening Form duly signed by authorized signatories of the company
- A Directors’ Resolution to prove that the board has approved the company to open a bank account.
- Certified True Copy of Company’s Business Profile from the Company Registrar
- Certified True Copy of Passport/Singapore IC and Residential Address Proof of Directors, Signatories and Ultimate Beneficial Owner.
What documents do you need to open a bank account as a foreigner in Singapore?
In addition to the aforementioned documents, foreigners will also need to have a valid work visa or employment pass issued by the Ministry of Manpower (MOM). This allows you to conduct business activities and open a corporate bank account under your company name.
In addition, you will also need to provide some documentation such as proof of identification (passport), proof of residence address in Singapore, and evidence of your company’s registration with Accounting & Corporate Regulatory Authority (ACRA). These documents are necessary for banks in Singapore to verify your identity and legitimacy as a foreign business owner.
Can I use my personal bank account for my business?
We strongly recommend you to start a corporate account instead of using your personal account and credit cards. A corporate account is necessary not only for security but also for easier, quicker access and control of your funds, balances, and deposits.
Mixing the two pots of money will create a alot of complications for tax and audits down the line.
Does a Singaporean incorporated company have to open a Singapore bank account?
Incorporated companies that are trading in Singapore are advised to open a local Singaporean bank account within 1 year of incorporation. The issued company capital will need to be deposited into the account within 6 months from the bank account opening.