Operate your company easily with an offshore bank account

Further enhance international reputation with global bank accounts. Have a peace of mind when it comes to setting up an international bank account with our team of dedicated & experienced advisors.

How to Open an Offshore Bank Account

Why you should open offshore bank account

Offshore bank account offers multitude of benefits to businesses, including:

Asset Diversification

Holding assets overseas in different currencies allows businesses to take advantages of jumps in currency fluctuations.

Safe & Secured Environment

Having an offshore bank account in a politically and economically stable provides a peace of mind for the safety of your money.

Privacy & Confidentiality

Bank account information in offshore jurisdictions is strictly private & highly confidential to offer maximum protection to owners from unwanted leaks of information.

Convenient Access to Funds

Quick and easy international money transfer policy provides the needed flexibility for your company’s cashflow management.

Register Offshore Company Processing

Forming a global bank account with our guidance

The bank account opening process in offshore jurisdictions can sometimes be overwhelmed with long list of due diligence paperwork. With our experienced agents here with you every step of the way, you can rest assured that your global bank account is ready in no time.

How to setup and maintain an offshore company
START
Step 01

Send you the requirements from all of our banking partners for your particular case. Review and let us know your suitable bank of choice. 

ARRANGEMENT 
Step 02

Collect KYC documents, review, give feedback and prepare personalized strategy on your business structure/nature to increase the highest success rate

VERIFICATION 
Step 03

Communicate with our banking partners to pre-qualify your application. Draft internal company documents/information and provide customized banking guides to DIRECTLY apply with the banks

 UPSHOT 
Step 04

Upon application completion, kindly notify us. Then, we will inform the bankers to follow up and assist you with the next steps. Rest assured that we also will be cc in the mail chain to follow up with the bank application process  

Which documents?

To get started, most banks typically request the following documents for initial review process:

  • Scanned copies of notarized passports of all members
  • Scanned copies of notarized address proofs of all members
  • Scanned copies of notarized one set of corporate documents
  • Certificate of Incumbency
  • Certificate of Good Standing
  • Business plan in details (format will be provided by G.O.C)
  • Questionaire or Application form
  • Bank or professional reference letters issued within the latest 3 months
  • Business proofs (contract, invoice, receipt, bill of lading,..etc)

Note:

* Banks may ask for additional documents on a case by case basis.

** G.O.C will not guarantee 100% success rate because the final decision is at the bank's discretion.

Banks List

We assist you in connecting with various traditional and digital banks at the best price. Compare the differences between banks to make appropriate decisions.

Bank Deposit Remote Process Card Issurance Processing Time
OCBC OCBC US$ $500 (local) or US$ 30,000 (foreign) Yes Debit cards At least 4-6 weeks
DBS DBS SG$ 250,000 No Debit cards At least 4-6 weeks
United Overseas Bank United Overseas Bank Minimum SG$ 1,000 No Debit cards At least 4-6 weeks
Caye International Bank Caye International Bank US$ 1,000 Yes Pre-paid cards At least 3-5 weeks
First Caribbean Bank First Caribbean Bank USD 25,000 Yes Credit cards At least 4-6 weeks
ABC Banking Corporations ABC Banking Corporations From USD 5,000 Yes Debit cards At least 4-6 weeks
Bank Name OCBC
Website https://www.ocbc.com
Popular Business Account(s)

SGD Business Growth Account, Multi-Currency Business Account, Multi-Currency Business Account

Initial Deposit US$ $500 (local) or US$ 30,000 (foreign)
Processing Time At least 4-6 weeks
S&M Business Banking Website

OCBC Business Banking Accounts

Account Options & Pricing

OCBC Business Pricing Guide

Remarks Open for companies that have available trading proofs with huge volume of transactions
Bank Name DBS
Website https://www.dbs.com.sg
Popular Business Account(s)

DBS Multi-Currency Business Account

Initial Deposit SG$ 250,000
Processing Time At least 4-6 weeks
S&M Business Banking Website

DBS Business Banking Accounts

Account Options & Pricing

DBS Business Pricing Guide

Remarks Physical presence required + Open for companies that have available trading proofs with huge volume of transactions
Bank Name United Overseas Bank
Website https://www.uobgroup.com
Popular Business Account(s)

SGD Current Account, Foreign Currency Deposit Account

Initial Deposit Minimum SG$ 1,000
Processing Time At least 4-6 weeks
S&M Business Banking Website

UOB Business Banking Accounts

Account Options & Pricing

UOB Business Pricing Guide

Remarks Physical presence required + Open for local companies that have available trading proofs
Bank Name Caye International Bank
Website https://www.cayebank.bz/
Popular Business Account(s)

CIB Corporate Account

Initial Deposit US$ 1,000
Processing Time At least 3-5 weeks
Account Options & Pricing

CIB Pricing Fees

Remarks Open for start-ups in various sectors
Bank Name First Caribbean Bank
Website https://www.cibcfcib.com/
Initial Deposit USD 25,000
Processing Time At least 4-6 weeks
S&M Business Banking Website

CIBC Business Bank Account

Account Options & Pricing

FICB Pricing Fees

Remarks Open for start-ups in various sectors. Highly prefer companies that have available/draft of trading proofs
Bank Name ABC Banking Corporations
Website https://www.abcbanking.mu/
Popular Business Account(s)

 Multi-Currency Business Account

Initial Deposit From USD 5,000
Processing Time At least 4-6 weeks
S&M Business Banking Website

ABC Business Banking Accounts

Account Options & Pricing

ABC Business Pricing Guide

Bank Deposit Remote Process Card Issurance Processing Time
Airwallex Airwallex No required Yes Airwallex Borderless Cards 3-5 business days
Aspire Aspire No Yes No 3-5 Business Days
Payoneer Payoneer No Yes Payoneer Commercial Mastercard 3-5 business days
Wise Wise No Yes Wise Business Debit Cards 3-5 business days
Pingpong Pingpong No required Yes 3-5 business days
Bank Name Airwallex
Website https://www.airwallex.com
Initial Deposit No required
Processing Time 3-5 business days
S&M Business Banking Website

Airwallex - Business Account

Account Options & Pricing

Airwallex - Pricing

Remarks Open for start-ups in various sectors, but highly prefer companies that have available business proofs
Bank Name Aspire
Website https://aspireapp.com/
Initial Deposit No
Processing Time 3-5 Business Days
S&M Business Banking Website

Aspire - Business Account

Account Options & Pricing

Aspire - Pricing

Remarks Open for start-ups in various sectors
Bank Name Payoneer
Website https://www.payoneer.com/
Initial Deposit No
Processing Time 3-5 business days
S&M Business Banking Website

Multi-currency accounts

Account Options & Pricing

Payoneer - Pricing

Remarks Open for start-ups in various sectors
Bank Name Wise
Website https://wise.com/
Initial Deposit No
Processing Time 3-5 business days
S&M Business Banking Website

Wise-Business Account

Account Options & Pricing

Wise-Pricing

Remarks Open for start-ups in various sectors
Bank Name Pingpong
Website https://usa.pingpongx.com/
Initial Deposit No required
Processing Time 3-5 business days
S&M Business Banking Website

Pingpong Business Bank Account

Account Options & Pricing

Ping Pong Pricing Guide

Offshore Company TAKE YOUR FIRST STEP

Choose the location want to form your company

Set up your business in over +10 countries and receive consultations from our local experts.

Panama

Plans and Pricing

Bank account opening assistance fee in Panama

Recommended

Banking Assistance Service

US$ 499
Get started
  • Introduce, pre-qualify and assist with document preparation to apply for suitable banking options, ensure the highest chance of approval
  • Notarize Cert of Incumbency by Notary Public (valued at USD 400.00 - required by banks for account opening)
  • Assign a dedicate relationship banker to work DIRECTLY with you on bank application process
  • Prepare personalized business structure/nature, required internal company documents and application guide for the specific bank of choice to maximize success rate
  • Appeal your application in case of rejection

NOTES

  • Our banking support service is applied for 1 bank at 1 time. 
  • The final decision is at the bank's discretion, upon checking your business profile and supporting documents. 
  • Additional fee for notarization may incur if the application is approved which mainly depends on the bank you choose. 

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