Bank Account Opening for The Development Bank of Singapore Limited

When you want to open a bank account in The Development Bank of Singapore Limited , you should prepare the below documents:

  • Basic documents required:

(1) Articles of Association

(2) Certificate of Incorporation

(3) Business Registration Certificate

(4) Company Chops

(5) Incorporation form

(6) HKID card/passport

(7) Address proof with:

-Residential address

-Registered office address (Same as Business Registration)

-Company secretary address (Incorporation form)

-Actual business address where the business work be done mostly

(8) Business plan (With description of company, company structure, source of funds, target clients, related expenses, financial plan &“What makes your company unique”

For details of business plan, please also read http://centreo.hk/?s=business+plan

 

  • Other documents required for The Development Bank of Singapore Limited:

(9) Business proof (e.g. contacts, invoices, purchase orders & shipping documents)

(10)Bank account opening/application fee: Local director-HK$1,000/Foreign director-HK$10,000

(11)Initial deposit: HK$20,000

(12)Company search fee: Depends on company details

 

  • Monthly requirement for The Development Bank of Singapore Limited:

(13)Monthly fee: Not required unless no action in bank account for a year

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