Own a SGD or USD bank account with a top 8 bank in Singapore. Accounts are available for both resident and non-resident businesses.
Our banking support service is not just a mere introduction to the bank. Each bank has different eligibility requirements, types of accounts available and on-boarding processes. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account.
Current Account Singapore is the attainment of a SGD or USD bank account in Singapore. We can help you open and manage a business account with the largest banks in Singapore. Accounts are available for both resident and non-resident companies and individuals. We work with 8 different banks in Singapore. Each bank has different eligibility requirements, types of accounts available and on-boarding processes. We work with you to carefully review each banks requirements and services to better understand if your banking service needs.
What we deliver for the monthly rate (after pre-approval)
100% foreign-owned corporate bank account denominated in SGD or USD with a Physical Top 8 bank in Singapore, setup in accordance with FATF recommendations;
Payroll services provided by kimbocorp to pay invoices and expenses.
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
We will assist you in filling out the KYC and Business Questionnaires. In addition to your company and identity documents, you will need to provide certain business documentation to support your application such as invoices, letters of intent, contracts, etc;
The Bank’s Relationship Manager will review your documentation. The banker may come back with additional questions or give green-light to your account opening process.;
The Bank will take 1-3 weeks to make a decision after all documentation is submitted. When approved bank will provide the account number. We will then provide you the same to start depositing funds;
You continue to make use of the bank account to receive payments and pay suppliers;
You send us the instruction to pay invoices, salaries and expenses.
How do you make your own transfer in/out without using kimbocorp?
You need to be in Singapore physically to allow us add you as a signatory;
Once you are a signatory;
You can continue to keep us to provide payroll services by continuing to pay a monthly fee;
Or you can takeover the payroll services yourself, we will charge a small handover fee for you to take control of the account.
What happens if we stop paying kimbocorp monthly?
For business owners who needs CORPORATE BANK ACCOUNT to go with a business registration to conduct businesses related to products and services;
Design and development;
There are no specific restricted jurisdictions other than those that face international sanctions. A business connection with Asia is often required. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible. There are no requirements in terms of business turnover or business size for the bank account.
Facilitation of a physical bank account to be registered in Singapore under "Your company name" Pte Ltd
Unlimited number of signed agreements with investors, customers, suppliers etc., required in order to qualify for the physical bank account
And everything from kimbocorp exempt
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"More than a service provider"
"Huan, director of kimbocorp, has helped us to obtain government funding that effectively transforms our business and brand outlook. Today we have a spanking new site, ability to engage with customers and fulfill them remotely. I will continue to go back to Huan and kimbocorp for more capabilities moving forward."
"Kimbocorp provided business license and banking relationship within days. The process was swift and predictable and I got what I wanted. We are trying to work with them on more intangible assets and business capabilities."