In addition to the aforementioned documents, foreigners must have a valid work visa or employment pass issued by the Ministry of Manpower (MOM). This allows you to conduct business and open a corporate bank account in your company’s name.

You will also be required to provide documentation such as proof of identification (passport), proof of residence address in Singapore, and evidence of your company’s registration with the Accounting & Corporate Regulatory Authority (ACRA). These documents are required for banks in Singapore to verify your identity and legitimacy as a foreign business owner.