If you want to open an account for a non-resident company in Singapore or register a local company and open an account, Citibank Singapore has a wide network of banks around the world and does not need to be introduced.
It can be a good decision to open an account with Citibank Singapore because it is one of the first financial institutions in Singapore, which was founded in 1902. Then the bank was known as the International Banking Corporation. The bank began its history as a branch of Citi Bank of New York. This was the opening of the first branch of an American bank in Asia, which confirmed the prestige of the region.
The institution is the largest banking employer in Singapore and provides jobs for more than 8,000 employees.
The initial goal of the institution was to finance American industry. Since 1982, Citi Bank has been providing a full range of services for both individuals and legal entities. Entrepreneurs, interested in opening an account with Citibank Singapore must note that the main fields of Citibank's work are: asset management services (investments, insurance, deposits), loans and equity financing.
Citibank Singapore is the location of strategic innovation technology centers and Citi Asia Pacific Service Center (SCS). The bank also has separate divisions for offering a wider range of services to its customers, including: Global Subsidiaries Group, Citi Private Bank, International Personal Bank, Global Consumer Bank.
In 2015, Citibank was licensed by the Monetary Authority in Singapore and was recognized as one of the systemically important financial institutions in the country. And in 2017, the bank launched Facebook Citi Bot, the world's first chat for the Citigroup.
Those planning to open a bank account in Singapore, must know that a mandatory requirement is a personal visit for an interview with the bank.
The period for consideration of an application by the bank: approximately 30 days.
You can receive legal advice on how to open an account with Citibank Singapore from IQ Decision specialists. Also, our experts will provide you with legal assistance in the process of establishing a company in Singapore.
The payment for IQ Decision legal support services in opening an account with Citi Bank Singapore will be carried out after the approval of an application by the bank.
The information outlined in the article is actual at the time of its publication.
Please refer to our specialists for checking possible solutions for your business.
Fill out the form or contact us as you find convenient: skype, telegram, etc. Our experts will help you resolve the issue.