Balance requirements of two major banks in Singapore for BVI and Singapore incorporated companies

Mar 26

Balance requirements of two major banks in Singapore for BVI and Singapore incorporated companies

Quick overview of balance requirements by two major banks in Singapore for companies incorporated in Singapore and the British Virgin Islands.

This list is updated as of March 2019.

Jurisdiction of company incorporation : Singapore 🇸🇬

Bank SGD account USD account
OCBC S$5,000

(waived for first six months)

US$1,000

(waived for first six months)

UOB S$10,000 US$8,000

 

Jurisdiction of company incorporation : British Virgin Islands 🇻🇬

Bank   SGD account USD account
OCBC S$30,000 US$30,000
UOB S$10,000 US$8,000

 

All accounts come with digital banking and Visa/MasterCards that can be accessed worldwide. Accounts can also be opened in all other major currencies. Futurebooks can assist in company incorporation & bank account opening for multiple jurisdictions including Cayman Islands, Seychelles, and all major banks in Singapore including DBS, Standard Chartered and Maybank. Contact us to get started.

 

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