Online Incorporation & Account Opening with Osome and OCBC Bank

Incorporate a company using a computer or a phone and get a business account without ever going to the bank. Together with OCBC Bank, we’ve made the entire process so seamless you may even enjoy it!

Register your company now and get 8% off Osome corporate services.

Online Incorporation & Account Opening with Osome and OCBC Bank

Osome typically incorporates a company within 1–3 hours. To streamline the bank account opening, we can pass your information over to OCBC Bank as soon as the business is registered to open your business account.

How it works

How it works

On your end, the incorporation will look like a message thread in a secure chat. To save you the wait, we collect the basic information from you via a chatbot. Then, an expert of ours guides you through the incorporation procedure and answers your questions.

When opening a bank account, you will be using the OCBC Bank official website. Just follow step-by-step instructions, it should take less than 10 minutes.

The OCBC + Osome course of action

You log in to Osome with your SingPass via MyInfo, submitting the necessary particulars in one click
You provide other company details, Osome compiles the papers, you sign them with your electronic signature
Osome files your papers with ACRA, your business gets registered
You get a link to the OCBC Bank website where you can open your business account instantly*
You get started with the business

Our packages

Incorporation

S$315 of state fees are already included in the price

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S$
350
All fees included

Incorporation

S$315 state fees included in the price

Included

  • Checking and reserving a company name
  • Preparing your company constitution (memorandum & articles of association of the company)
  • Preparing all registration forms
  • Filing with ACRA
  • Preparing corporate compliance kit, including share certificates and registers
  • Minutes of the first board meeting

Incorporation + Unlimited Corporate Secretary

Incorporation is free when you purchase the Unlimited Secretarial Services

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600
S$
552
All fees included

Incorporation

Worth S$350, S$315 state fees included in the price

Included

  • Checking and reserving a company name
  • Preparing your company constitution (memorandum & articles of the company)
  • Preparing all registration forms
  • Filing with ACRA
  • Preparing corporate compliance kit, including share certificates and registers
  • Minutes of the first board meeting

Unlimited Corporate Secretary for 1 year

Worth S$600

The service is handled by our in-house team of certified Corporate Secretaries with over 10 years of experience

Included

  • Unlimited number of resolutions
  • For example, change in officers, registered address, business activity or company name
  • Corporate Secretary routine annual filing and AGM preparation
  • S$60 annual Filing government fee
  • Up to 5 share-related transactions included (e.g. share issuance, share transfer, shares reduction)
    Extra transactions cost S$100 per shareholder

Incorporation + Secretary + Accounting

You get Incorporation for free and S$50 off Accounting when you buy our Unlimited Secretary package

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1,100
S$
1,012
All fees included

Incorporation

Worth S$350, S$315 state fees included in the price

Included

  • Checking and reserving a company name
  • Preparing your company constitution (memorandum & articles of the company)
  • Preparing all registration forms
  • Filing with ACRA
  • Preparing corporate compliance kit, including share certificates and registers
  • Minutes of the first board meeting

Unlimited Corporate Secretary for 1 year

Worth S$600

The service is handled by our in-house team of certified Corporate Secretaries with over 10 years of experience

Included

  • Unlimited number of resolutions
  • For example, change in officers, registered address, business activity or company name
  • Corporate Secretary routine annual filing and AGM preparation
  • S$60 annual Filing government fee
  • Up to 5 share-related transactions included (e.g. share issuance, share transfer, shares reduction)
    Extra transactions cost S$100 per shareholder

Accounting

Worth S$550

Get free consultations in our app and revise them whenever it is convenient

Included

  • 50 bank transactions
  • Tax: filing of Estimated Chargeable Income (ECI)
  • Tax: form C/C-S

OCBC Business Account

Opening a business account with OCBC Business Banking couldn’t be easier. Start easily with one of the lowest initial deposit required in the market and enjoy no minimum balance for the first 6 months.

What’s more, OCBC business accounts come with free Digital Business Dashboard to help you manage and grow your business.

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The Account Plans for Businesses

Business Growth Account (BGA)

Good for aspiring businesses to start easily

Business Entrepreneur Account (BEA)

Good for businesses with many transactions

The minimum initial deposit

S$500

S$3,000

The minimum balance required

No minimum balance for the first 6 months

S$3,000 starting from the 7th month

No minimum balance for the first 6 months

S$5,000 starting from the 7th month

What happens if the balance is below the minimum

S$35 per month

S$35 per month

Annual Fee

S$38 per year

The first 3 months are free of charge.

S$38 per month starting from the 4th month

Q&A: Incorporation

What if I am a foreigner?

There are nuances about incorporation for non-locals, so we have created special packages for you. Check them out!

What are the company incorporation requirements for locals?

To register a business in Singapore, you need to have a local address and a resident director. Paid-up capital starts at $1. Decide on the shareholders and the company name in advance to streamline the process.

How long does incorporation take?

Once all the documents are ready, it usually takes us less than an hour to incorporate a company. It mostly depends on when you are comfortable with providing all the details, as well as the service hours of the authorities. Our record stands at 38 minutes and we keep getting better.

Who can be a director?

Anyone older than 18. Both Singaporeans and foreigners can hold the post. A company can have as many directors as you want, or it could be just you.

Who is a Corporate Secretary?

It’s an officer who tracks changes in your company’s structure and top management, compiles papers and reports to the government about your business. Every company in Singapore must have one.

Do I need a company address?

Yes, all Singaporean companies must have a local registered address. It goes on all legal documents. If you don’t have an office address, use our service. We receive your letters, scan and store them in your Osome account so you have easy access to all your documents. You can also use your residential address as your company address. You might need the authorities’ permission for this.

Q&A: Bank Account Opening

Who is eligible to apply for a business account with OCBC?

Any entity registered with ACRA. Account opening is subject to approval by OCBC Bank.

Who is eligible to open the business account entirely online?

Instant account opening is available for Singapore incorporated companies (a) owned only by one or two Singaporeans and PRs and (b) opening their first OCBC Business Banking Account. Account opening is subject to approval by OCBC Bank. For others, you can still incorporate your company through OSOME and follow the onscreen instructions and we will follow up with you on your application.

How much time does it take to open a business account online?

A Business Growth Account or a Business Entrepreneur Account is opened instantly* if you apply online with MyInfo (login via SingPass), MyInfoBiz (login via Corppass) or your OCBC Personal Banking credentials (if you are an existing OCBC Personal banking customer)

My company will have more than two shareholders. Who needs to be present for account opening?

Unless otherwise is specified in Board Resolution, we expect to meet with any two Directors. They’ll need to have their NRIC or Passports with them.