Open an account in Singapore

Establish a repository in Singapore for individuals who prioritize inviolability, discretion, and facility in pecuniary oversight. A corporate fiscal repository is conceived for the proficient orchestration of monetary conduits within the enterprise. It facilitates the demarcation of the organization’s pecuniary resources from the proprietors’ personal reserves, thereby fostering superior administrability, adherence to juridical and fiscal statutes, and alleviating reportage complexities. This constitutes a pivotal apparatus for sustaining fiscal lucidity and augmenting the credence of collaborators and stakeholders.

Inaugurating a ledger in Singapore facilitates engagement with the globe's preeminent monetary units and avails superlative amenities. A Singaporean fiscal repository might constitute the quintessential recourse if you aspire to streamline transnational dealings of your enterprise. This emanates from the verity that the indigenous pecuniary domain is steadfast and perpetually burgeoning, employing avant-garde innovations and apparatuses for executing pecuniary exchanges.

It enforces rigid statutes in the domain of oversight of the fiscal industry, anchored in the advisories of global entities. The treatise elucidates the procedure to establish a corporate account in Singapore, how to ascertain a financial institution, enumerates the indispensable papers, and expounds upon the salient intricacies of lodging a petition, as well as the stipulations imposed on prospective patrons.

Benefits of opening an account in Singapore

It is fortifying its standing amidst the vanguard in the fiscal sphere. Its exalted AAA-rated polity is esteemed among the foremost quartet of gargantuan mercantile and pecuniary hubs globally, as per the most recent Global Financial Centers Index (GFCI).

Attained the 4th echelon among 133 nations cataloged in the Global Innovation Index (GII) 2024, encompassing 4th amidst 51 affluent polities and premiering among 17 dominions in Asia and Oceania. This worldwide mercantile nexus bridges Asiatic and transnational monetary realms.

The regulatory apparatus guarantees the inviolability of holdings and scrupulous adherence to transnational stipulations, addressing the exigencies of intensified fiscal oversight. Consequently, establishing a financial repository in Singapore is emerging as a paramount recourse for cosmopolitan magnates and entities pursuing global amalgamation.

The banking sector, amalgamating eminent indigenous and foreign establishments, is justifiably regarded as preeminent. This distinction, notably, endows the metropolis with the designation of a pivotal nexus in the domain of securities exchange. The infusion of avant-garde methodologies and fintech innovations occupies the epicenter of governmental preoccupation, thereby facilitating the revamping and safeguarding of fiscal infrastructure while heralding avant-garde financial stewardship mechanisms for those aspiring to inaugurate a corporate repository in Singapore.

Several fiscal establishments furnish the facility “initiate a ledger in Singapore distantly.” However, to accomplish this, one must undergo a virtual colloquy with the institution’s envoys, during which the overseer will scrutinize the claimant’s adherence to stipulated criteria and evaluate their pecuniary soundness.

Opening an account in Singapore: regulation

The Monetary Authority (MAS), a pivotal fiscal marketplace arbiter, underscores candor and rigorous adherence benchmarks. MAS is accountable for valuation steadiness, the inviolability of the monetary framework, and fortifying global pecuniary collaboration. The Syndicate of Fiscal Establishments (ABS) promulgates directives and protocols of deportment encompassing cardinal facets of how depositories function and liaise with clientele within the indigenous economy.

Illustration caption: home page Monetary Authority of Singapore website.

The principal statutory edifice for financial institution charters and oversight is the Monetary Transactions Enactment of 1970 coupled with the Fiscal Oversight and Organizational Stewardship Directives. Patron secrecy is enshrined within Clause 47 of the Fiscal Enactment. Barring irrefutable substantiation to substantiate allegations of fiscal deceit or monetary delinquency, clientele particulars remain veiled from public purview.

Supplementary noteworthy statutes dictating the monetary framework include:

• Payment Services Law.
• Monetary Authority of Singapore Act.

Alongside the Monetary Authority of Singapore (MAS), in the Lion City's fiscal oversight domain, supranational entities exert considerable sway, whose propositions and benchmarks permeate local protocols. Singapore partakes in the undertakings of collectives such as the Bretton Woods Institution, the Basel Conclave on Banking Oversight (BCBO), and the Financial Adjudication Consortium (FAC). Synergy with these assemblies enables MAS to assimilate transnational precepts into sovereign governance.

The monetary sphere is experiencing profound metamorphosis, fortifying the nation's stature as an intercontinental fiscal and mercantile nexus. Pivotal shifts encompass the formulation of stipulations for digital pecuniary token custodians (DPTSC), the enactment of the Financial Establishments Codex (FEC), and augmenting the crusade against cyber malfeasance.

Owing to this, establishing a fiscal repository in Singapore for an outsider has become more arduous due to the enactment of a rigorous scrutiny of credentials proffered for evaluation. Financial institutions possess the prerogative to decline the establishment of a repository, withholding elucidation for their verdict, should discrepancies or inadequacies be discerned in the particulars submitted. Nonetheless, if the petitioner substantiates a nexus, such as the existence of an operative enterprise within the territory, tenancy accords for premises or virtual workspace arrangements, or replicas of contracts with purveyors, clientele, or collaborators, this might mitigate impediments in inaugurating an account.

Classification of banks in Singapore

Principal functions and objectives for which a corporate banking account in Singapore is utilized:

• Acknowledging remunerations from patrons;
• Disbursement to vendors and purveyors;
• Wage disbursement for laborers;
• Executing commercial acquisitions;
• Conducting cross-border remittances and foreign exchange;
• Remittance of levies.

Should you harbor an inclination toward establishing a financial repository within a Singaporean monetary establishment, be apprised that fiscal institutions within this dominion are classified into two distinct classifications. Indigenous banking houses, dispensing a comprehensive spectrum of pecuniary provisions, inclusive of both orthodox financial dealings and speculative ventures, which address multifarious dimensions of fiscal requisites. Three preeminent monetary entities (DBS, UOB, and OCBC) stand as venerated vanguards within the local marketplace. These establishments boast outposts across the island, in addition to presences in Hong Kong and China, fortifying their stature as a reputable actor within the global banking domain.

Among overseas financial institutions functioning via representative bureaus, such global entities as Standard Chartered, HSBC, Citibank, Maybank distinguish themselves, yet their endeavors are circumscribed by the quantity of consumer branches and automated teller machines within the metropolis, which forms part of indigenous regulatory doctrine.

An exceptional function amongst foreign financial establishments is apportioned to all-encompassing fiscal institutions possessing specialized charters. These encompass the Qualifying Full Bank (QFB) classification. Such establishments are marked by the provision of extensive access to amenities via a substantial quantity of branches and an advanced ATM network.

A further class of financial institutions wherein one may establish a business account in Singapore comprises banks focusing on corporate capital procurement, securities issuance, and investment stewardship. The MAS permits such entities with the prerogative to function via the Asian Currency Unit (ACU) framework, thereby granting ingress to the Asian dollar marketplace.

The financial institutions were positioned among the foremost trio in Tier 1 equity standings (depicted beneath).

The nation likewise possesses wholesale financial institutions that, in lieu of retail dealings with currency, concentrate on substantial monetary dealings and catering to corporate clientele, offering an exhaustive assortment of banking commodities and provisions. Distinct offshore entities cater to global enterprises executing currency exchange dealings within the Oriental dollar marketplace. A distinct enrollment with DBU is requisite for dealings entailing dollars. The Korean Development Institution, Bank of Taiwan, Bank of New Zealand, and the Canadian Imperial Bank of Trade are operative within this market sector.

Types of Bank Accounts in Singapore

The financial institutions proffer a myriad of amenities tailored for both individual and business patrons. Fundamental fiscal provisions, coupled with the initiation of mercantile depositary accounts within Singapore, which establishments extend to their clientele:

• Various classifications of pecuniary assistance for commercial entities (temporal loans, cyclic credit lines, mercantile liens) to assist them in funding their operations, broadening their enterprises, or allocating resources to novel ventures.
• Trade financing provisions. These provisions encompass letters of credit, trade financing loans, and documentary compilations, aiding corporations in mitigating perils and managing liquidity in international exchanges.
• Monetary stewardship remedies. This culminates in efficacious liquidity governance, optimization of pecuniary flows, and rationalization of corporate disbursement methodologies.
• Capital marketplace provisions, inclusive of underwriting, liability and equity procurement, and securities exchange.
• Asset administration for affluent individuals, corporate magnates, and proprietors of enterprises.
• Fiscal counsel on capital framework enhancement, strategic formulation, amalgamations and acquisitions, hazard mitigation protocols, etc., to guide patrons in realizing their monetary aspirations and objectives.

Irrespective of patron requisites, the primordial stride in proficiently utilizing a corporation's pecuniary potentialities is inaugurating a corporate treasury account in Singapore, aligning with your demands.

There exist three principal varieties of accounts: transactional, reserve, and escrow. Each of these is apposite for disparate objectives. The Singaporean bank transactional account is designated for effectuating disbursements on payment instruments and other forms of documentation, such as bills and vouchers. This account is employed to settle levies, remunerations, liquidate arrears, and other fiscal exchanges.

Usually, corporate delegates determine to initiate a thrift account in Singapore to resolve pecuniary dilemmas, encompassing acquiring immovable property, augmenting reserves, in the brief or prolonged run. Conversely, establishing a fiduciary account in Singapore apt for enterprises desiring to procure superior yields on their lodgments whilst retaining their capital sequestered for a specified duration.

It is plausible to inaugurate an investment ledger in Singapore for protracted-term speculation and capital amassment, which can furnish superior yields in comparison to traditional monetary products. Another attainable alternative is to inaugurate a multi-denomination ledger in Singapore, which will permit you to operate and execute dealings in disparate currencies devoid of any transmutations. This attribute is precious for enterprises engaged with overseas clientele and providers implicated in global commerce. Since Singapore is a worldwide mercantile nexus, multi-denomination ledger provisions are procurable at nearly every financial institution extant here.

Multi-currency ledgers proffer the ensuing advantages:

• Guaranteeing seamless global exchanges.
• Diminished susceptibility to forex oscillations.
• Enhancement of monetary dealings overseas.
• Minimizing disbursement charges related to currency exchange.

Open an account in Singapore in 2025

For inaugurating a corporate financial repository in Singapore, conventionally, overseers or designated proxies of the establishment bear the responsibility. On occasion, it is feasible to inaugurate an account in Singapore via the internet utilizing the company's UEN to authenticate your commercial particulars. Nonetheless, as previously noted, certain classifications of enterprises or external corporations necessitate personal validation.

Uncommon steps to initiate a register in Singapore:

1. Choose a financial establishment and account classification.
2. Assemble a dossier of paperwork in alignment with the stipulations of a particular monetary entity.
3. Physically attend the bank or complete an application via the internet and remit the requisite initial deposit (if mandated).
4. Undergo authentication of identity and paperwork validation.

Upon perusing the manuscripts, the financial institution shall render a judgment on the petition (whether it shall authorize or deny it); if sanctioned, ingress to the ledger shall be afforded, signifying all the requisite particulars, such as ledger identification and credentials for virtual banking, among others. One may also procure banking cards, thereby facilitating the ease of transactions. Moreover, amenities for configuring automatic remittances and fiscal analysis are procurable. Guidelines for establishing these amenities are readily attainable within your individualized interface or via the bank’s aid division. Temporal limits for inaugurating a ledger in span from several days to numerous weeks, contingent upon the nature of the ledger and the institution’s protocols.

Contemplating the establishment of a business account in a Singaporean financial institution, there are multitudinous levies to contemplate, encompassing:

• Account upkeep charge.
• Transactional levies.
• Cash withdrawal surcharge from an ATM.
• Payment for a cheque book.
• Levies for remittance transfers.
• Excess overdraft charge.
• Commissions for foreign exchange, etc.

Remuneration tariffs can fluctuate considerably across financial institutions. It is advisable to juxtapose the terms of various establishments to select the most advantageous one, both regarding the array of amenities and the commission tariffs for your enterprise.

Moreover, when electing a financial institution to inaugurate an account in Singapore, it is paramount to factor in the anticipated volume of exchanges, as distinct banks emphasize disparate clientele categories and proffer remedies that cater to their demands. For instance, substantial fiscal entities concentrate on furnishing avant-garde instruments to oversee intricate dealings and sustain elevated capital circulation. Meanwhile, alternative banks are cultivating straightforward and economical provisions suitable for enterprises with negligible remittance processing requisites, rendering them both accessible and efficacious.

Conditions for submitting documents opening accounts in Singapore banks

Establishing a corporate account in a Singaporean financial institution entails the compilation and presentation of various records to authenticate the enterprise, confirm the identities of its agents, and ascertain adherence to AML/CTF/KYC norms. Fundamental records that must be assembled are delineated in the table beneath.

Verifying this information may take some time. Hence, opening an account for a company in Singapore may take several weeks, especially if there are foreign residents in the company’s structure. Banks reserve the right to request additional information.

Where to open an account for a company in Singapore?

Discover the appropriate corporate bank account. This is a pivotal resolution for every industrialist. With numerous alternatives available, selecting the optimal choice can be challenging. Aspects to contemplate when selecting a commercial account category:

1. Preliminary remittance. Frequently, a nominal advance of 1000 SGD (740 USD) is obligatory for inaugurating an account for a Singaporean enterprise at a substantial financial institution, for instance, for a UOB eBusiness Ledger.
2. Subsistence reserve. This denotes the quantum of capital that is upheld in the patron's repository to avert supplementary charges for its upkeep. For illustration, the DBS Business Multi-Currency Repository mandates no nominal inaugural deposit, but to eschew a recurring administrative levy of SGD40, an individual must sustain an average quotidian reserve of SGD10,000 (USD7,404) or more. The UOB eBusiness ledger imposes a fee of 15 SGD (12 USD) monthly should the repository's reserve fall below 5,000 SGD (3,700 USD), whereas the OCBC Business Growth Repository levies charges if the repository's reserve is beneath 1,000 SGD.
3. Monthly upkeep charges. Among other considerations, you should elucidate whether these charges confer any advantages, such as complimentary remittances or reduced disbursement expenditures.
4. Accessibility of poly currency accounts. Let us recall that numerous financial institution accounts in Singapore encompass poly currency attributes.
5. Levies for dealings such as transmitting and obtaining remunerations, lodging currency, and utilizing an automated teller machine.
6. Commencement of account establishment. It must be considered that initiating an account in Singapore, specific categories of enterprises might require a protracted duration compared to others. This is attributable to supplementary stipulations concerning the validation of capital origins and antitrust regulations scrutiny.

Any questions? We are in touch

We recommend contacting our specialists for more detailed information. To schedule a consultation, click the button below.

Contact us

Online

If you are seeking an appropriate financial establishment to inaugurate a fiscal repository in Singapore for your corporation, you may contemplate the establishments enumerated hereinafter.

Initiating a commercial ledger in DBS Bank. This constitutes the preeminent financial institution in the Oriental expanse, which proffers an exclusive DBS Expat Initiative, furnishing a plethora of prospects, registries, and the like for those desiring to establish a ledger with DBS Bank in Singapore. The DBS Visa Debit Card empowers the administration of 12 different coinages through a singular registry. The establishment inaugurated a tailored propulsion tactic for fintech nascent ventures, assisting in their evolution of avant-garde innovations within the fiscal domain. One may establish a multi-coinage registry with DBS Singapore.

Inaugurating a corporate ledger in OCBC Bank Singapore. Another of the most coveted financial institutions in the domain, OCBC Bank proffers an array of account alternatives for both locals and expatriates. It is regarded as the second most colossal bank in Singapore and ranks among the 50 most impregnable financial entities globally, affirming its supremacy in the realm of security. The institution's expanse comprises over 420 outposts dispersed across 15 nations. OCBC's expert offerings encompass fiscal strategies, corporate capital, treasury, and brokerage facilities. Establishing an account with OCBC Singapore is feasible via digital means.

Establishing a corporate account in Bank of Singapore. In 2010, the Repository of Singapore was sanctioned to commence operations and has subsequently entrenched itself as a steadfast pecuniary establishment with outposts spanning Europe, Asia, and the Levantine expanse. Slavonic-linguistic experts constitute a portion of the cadre. To inaugurate an account, an online colloquy is mandated, with a prerequisite duration of a fortnight.

Establishing a commercial account in HSBC. This constitutes the indigenous emissary bureau of the British HSBC Holdings PLC Consortium, which distinguishes itself through its eclectic array of offerings directed at substantial corporations, regional enterprises, individual and fiduciary investors. The establishment dispenses bespoke services, encompassing remittance mechanisms, home loan financing, and so forth. One of the salient characteristics is that the establishment demands particulars concerning anticipated revenue. At present, inaugurating an account in the Singaporean branch of HSBC, the revenue figure must remain beneath the demarcation of 3 billion USD.

Establishing a corporate account at UOB. One may establish both a personal and commercial account at United Overseas Bank. The financial institution facilitates dealings through an advanced digital banking infrastructure. It is prudent to bear in mind that the duration for inaugurating an account for an enterprise with UOB in Singapore spans from one month. The Bank emphasizes delivering pioneering transnational fiscal remedies. UOB's central offerings encompass individualized financial services for affluent clientele and expansive corporate provisions, including investment banking. Account establishments with UOB are feasible in USD, EUR, CAD, CHF, and other currencies.

Initiating a corporate account at Citibank. Citibank stands as the inaugural American financial establishment to broaden its footprint. This entity is amongst the most venerable banking institutions, functioning for over a century within the fiscal sector, rendering its services to both individual and corporate clientele. It merits contemplation that establishing a corporate account with Citibank in Singapore necessitates fulfilling prerequisites for an introductory minimum deposit (100,000 SGD or 74,050 USD). It remains feasible to execute transnational fiscal operations.

Establishing a commercial account in Maybank. In 1960, the institution obtained authorization and has been executing financial operations ever since. Numerous branches exist with 2,000 staff members dispersed across the nation. The bank affords its patrons the privilege to oversee accounts via avant-garde online banking. Consequently, upon electing to inaugurate an account for an enterprise in Maybank in Singapore, one will be bestowed with the capacity to effectuate transnational transactions irrespective of geographic position.

Opening a corporate account in Standard Chartered. This is a subdivision of the British fiscal consortium. The Bank solely contemplates petitions from enterprises incorporated in this domain. Initiating an account for an extraterritorial corporation with Standard Chartered Bank in Singapore is unfeasible. The bank has consistently secured paramount standings in the Best Bank categories. Its outposts are situated ubiquitously across the globe. To initiate an account for a corporation with Standard Chartered Bank Singapore, one must render a nominal remittance of 1,000 EUR.

Features of opening a business account in a Singapore bank

It is imperative to contemplate that the service was antecedently accessible in numerous financial institutions – initiate an account for a non-resident corporation in Singapore. At this juncture, it is improbable that banking authorization will be attained for establishing a corporate account for a foreign entity in Singapore, exceedingly diminutive.

The supplication might be countenanced for expatriates in an establishment, yet the pecuniary institution must meticulously vet confederates, transactions, undertakings, and patrons. Singaporean concerns necessitate a minimum of one functionary to be an indigene.

How to open an account in Singapore: strict control by banks

The potency of the financial institution system predominantly hinges on the scrupulous scrutiny of nascent entrants to ascertain their dependability and integrity. Recent endeavors to augment the enforcement of anti-money laundering protocols have fortified this mechanism. The most recent FATF dossier remarked that Singapore is impeccably aligned with all 40 stipulations.

When contemplating the establishment of a banking account in Singapore for a non-resident, be mindful that all financial establishments in the jurisdiction conduct exhaustive assessment of new clientele in accordance with the Know Your Customer mandate, indispensable for their acceptance as patrons. This procedure entails scrutinizing the persona and vitae of the firm's principal operatives, verifying capital sources, structural hierarchy, and ancillary elements pertaining to the enterprise’s undertakings.

If the CDD procedure engenders any admonitions, banks may solicit supplementary details or decline to inaugurate an account. The fiscal overseer is employing data analytics as an observant instrument for its supervisory function. The procedure encompasses scrutinizing and analyzing monetary data to discern dubious transactions.

Why banks may refuse opening an account in Singapore?

Although financial institutions frequently refrain from divulging the justifications for rejecting an application to establish an account, we, drawing upon our extensive tenure of expertise, have assembled a compendium of primary determinants:

1. Apathy in creditworthiness or erratic fiscal repute. Should there be a precedent of tardy remittances, pecuniary encumbrances, litigiousness, or insolvencies, financial institutions might decline to inaugurate an account due to apprehension of latent fiscal jeopardies.
2. Absence of substantiation of the legitimacy of fund provenance. Should the patron be incapable of furnishing evidence of the lucidity of their revenue sources, such as accords, fiscal declarations, and other attestations validating the lawful nature of income.
3. Suspicions regarding the magnitude of transactions. Certain banking establishments might repudiate the issuance of an account should the professed volumes of monetary dealings or categories of commerce provoke misgivings about their congruity with banking protocols. For instance, if the anticipated turnover is unduly excessive for the chosen account type, or if the institution presumes that transactions may transgress their internal directives.
4. Breach of the financial institution's intrinsic protocols. Every monetary establishment possesses its distinct intrinsic protocols and procedures, which may encompass requisites for a minimal remittance, the patron's nature of commerce, or even their domicile nation. If the petition fails to align with these protocols, the establishment may decline to authenticate the account.
5. Deficient particulars or blunders in paperwork. If the petition for initiating an account in Singapore is accompanied by scanty meticulous particulars, blunders in paperwork, or absent particulars, the establishment may repudiate the petition until the flaws are rectified. This frequently pertains to negligible blunders in personal particulars or erroneous document configurations.
6. Inept execution of KYC stipulations. Numerous financial institutions demand their patrons to fulfill the Know Your Customer protocol. Should the patron be unable to furnish all requisite details for authentication, such as credentials substantiating identity or domicile, the institution retains the prerogative to dismiss the petition.

Opening an account in Singapore online

A proliferation of digital banking services has occurred, with conventional banks allocating resources toward technological breakthroughs. Nevertheless, of late, there has been a swell in the quantity of fintech enterprises proffering avant-garde monetary remedies that are economical, swift, and accessible for corporations and individual patrons. They exhibit a novel methodology to fiscal provisions, dispensed wholly through virtual interfaces.

The administration is bolstering the expansion of pecuniary services by conferring certifications to sizable remittance establishments. 206 such credentials have previously been granted, empowering FinTech enterprises to conduct inaugurating business repositories, global remittances, and monetary exchange. Beneath is a compilation of establishments facilitating the initiation of mercantile banking repositories in Singapore entirely via cyberspace:

• ANEXT Bank. This virtual financial institution is dedicated to aiding diminutive and mid-sized ventures by providing adaptable fiscal remedies. Patrons may establish operational accounts in SGD and USD, sans the necessity of fulfilling baseline deposit prerequisites. This renders the establishment reachable to nascent enterprises striving to refine their pecuniary flux at negligible expenditure.
• Green Link Digital Bank. The cybernetic bank cultivates avant-garde offerings to assist purchasers and vendors in administering circulating capital with efficacy. It proffers services in pecuniary stewardship, remittance facilitation, credit provision, overdraft accommodations, and international commerce financing. GLDB extends corporate loans devoid of collateral. One may initiate a multi-currency ledger in SGD and USD, with no baseline deposit requisite for operative accounts.
• Aspire. This foremost digital remittance service purveyor in Singapore targets petite and medium-sized enterprises. In addition to SGD, one may establish accounts in USD, EUR, GBP, SGD, IDR. Transfers within Singapore in SGD incur no levy. Aspire proffers virtual Mastercard debit cards to its clientele.
• Wallex. The inaugural among payment frameworks to procure a charter from MAS, it bestows patrons a rare occasion to engage with cryptocurrency. This apparatus is befitting for ventures endeavoring to incorporate novel technologies into their fiscal undertakings. Wallex sustains diverse currency accounts, encompassing USD, EUR, and GBP, and offers facile assimilation with PayPal, permitting ventures to effortlessly accept remittances online, augmenting their prowess for international disbursements and electronic dealings.
• Payoneer, headquartered in New York, Hong Kong, and Singapore, provides facilities to enterprises and private persons worldwide, facilitating transnational dealings and permitting seamless amalgamation of Mastercard charge implements.

Conclusion

Singapore possesses a robust fiscal infrastructure. Enrolling a business account in Singapore constitutes a pivotal measure for proficient corporate monetary stewardship. Within this jurisdiction, one can rely on availability to a myriad of banking provisions, encompassing those tailored to specific needs, though each institution stipulates its distinct prerequisites.

The pecuniary framework is intricately interconnected with transnational capital exchanges. Consequently, a corporate banking ledger in Singapore will empower you to procure resources or remit disbursements to any corner of the globe. Selecting the appropriate financial institution and considering its stipulations will guarantee the adept administration of assets with utmost efficacy. The procedure for establishing a ledger in Singapore possesses its own peculiarities and intricacies, thus, the guidance of proficient experts will prove invaluable. Our cadre can extend comprehensive assistance in the establishment of a ledger in Singapore.