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Singapore × Banking & Capital Access
Banking & Capital Access in Singapore
Bank accounts, loans and investors in another market. In Singapore, that means local law, local regulators and local practice, handled by a qualified professional who practises there.
Who handles this work
On request
WONE Global can find the right Banking & Capital Access professional in Singapore for you.
No WONE Global Partner holds this yet. Send us your requirement: WONE Global confirms whether a vetted Associate firm can act, tells you who it is and checks for conflicts before any work begins.
Bring a requirement →Singapore at a glanceSoutheast Asia
Singapore · Wednesday 4 November
03:06
Local time
- Currency
- SGD
- Working week
- Monday – Friday
- Dialling code
- +65
- Region
- Southeast Asia
What the rules say in Singapore
Banking & Capital Access, the essentials
From the Singapore market guide: the points that matter most for banking & capital access, each with the source it was checked against.
Full guide · Source-checked research97% of statements checked against a source103 checked against an official source14 checked against a secondary sourceChecked 2026-10-19Not yet professionally reviewed
Changes to a company's officers must be filed with ACRA through Bizfile within 14 days.
Accounting and Corporate Regulatory Authority (ACRA) · checked 2026-10-18Dividends paid by a Singapore-resident company to foreign shareholders are not subject to Singapore withholding tax.
One-tier corporate tax system.Economic Development Board (EDB) · checked 2026-10-19MAS gives effect to United Nations Security Council targeted financial sanctions for all financial institutions in Singapore through the Financial Services and Markets Regulations, while regulations made by the Minister for Law under the United Nations Act 2001 apply to non-financial institutions and natural persons in Singapore.
Financial institutions must screen customers, including beneficial owners, against the designated lists. MAS has also issued financial measures in relation to Russia and to violent Israeli settlers. Banks and counterparties may additionally apply US, EU or UK sanctions under contract.Monetary Authority of Singapore (MAS) · checked 2026-10-19Under MAS Notice 626, a bank must perform customer due diligence when it establishes business relations, including identifying the customer and verifying its identity from reliable, independent sources, identifying each person who acts on the customer's behalf, identifying beneficial owners and taking reasonable measures to verify them, and obtaining the purpose and intended nature of the relationship.
For a company, the bank also identifies the legal form, constitution and powers that bind it, and its connected parties. The June 2025 amendments, effective 1 July 2025, extended the rules to digital token transfers and refined requirements for legal persons, trusts and beneficial owners.Monetary Authority of Singapore (MAS) · checked 2026-10-19Under MAS Notice 626, a bank that is unable to complete the required customer due diligence measures must not commence or continue business relations with the customer.
Applies at onboarding and to existing relationships.Monetary Authority of Singapore (MAS) · checked 2026-10-19Under MAS Notice 626, a bank must obtain approval from its senior management to establish or continue business relations with a politically exposed person or a customer whose beneficial owner is one.
Part of enhanced customer due diligence; categories of politically exposed persons and risk-based variations were not confirmed.Monetary Authority of Singapore (MAS) · checked 2026-10-19Deposit-taking institutions in Singapore operate as full banks, wholesale banks, merchant banks or finance companies, and MAS also runs a digital bank licence framework.
Monetary Authority of Singapore (MAS) · checked 2026-10-19Financial institutions wishing to conduct banking business in Singapore must meet MAS's admission criteria and obtain a licence or authorisation from MAS, including written authorisation to set up a wholesale bank or merchant bank.
Monetary Authority of Singapore (MAS) · checked 2026-10-19
Read the full guide: Licensing, incentives and property · Banking, payments and repatriation
Scope
What the service covers here
- 01Identify suitable banking or capital channels
- 02Prepare the business for onboarding or funding discussions
- 03Coordinate documentation and due diligence
- 04Support execution with relevant institutions
Key questions
What we will work through with you
- What needs to be decided before banking & capital access work starts?
- Who is professionally responsible in each country?
- Which other work, such as tax or employment, must happen at the same time?
- What information and decisions are needed from the business?
If your work involves another country or another area of expertise, WONE Global brings in the right professional and keeps all advisers informed.
Also in Singapore
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Cases
What clients bring to Banking & Capital Access
The cases this service leads or joins, each with what is at stake, how WONE Global handles it and who handles it in Singapore.
Urgent Our bank says it will close our account. Can we stop it?Banking, lending & secured financeWhy won't any bank open an account for our new foreign company?Banking, lending & secured financeHow do we get working capital for our business abroad?Banking, lending & secured financeWhich bank should we use in a new country, and how do we get accepted?Banking, lending & secured financeCan our company abroad borrow from a foreign lender?Banking, lending & secured financeOur investment can't meet its debt payments. What are our options?Restructuring, insolvency & business recoveryI live abroad. How should I hold investments back home?Personal wealth, expatriates & tax residenceBanks keep refusing or delaying my accounts abroad. Why?Personal wealth, expatriates & tax residenceUrgent An insider trading investigation has begunCapital markets & listed companiesOur company is preparing for an IPOCapital markets & listed companies
WONE Global Intelligence
Ask about banking & capital access in Singapore
Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.
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