MBiA - MyBusiness in Asia

21/07/2026

Opening a Singapore business bank account while based overseas? 🌏

One question we hear a lot from foreign founders is: "Can I open a Singapore business bank account if I'm not living in Singapore?"

The short answer: Yes, it's possible.

Being based overseas doesn't automatically prevent you from opening an account. Banks will also assess factors such as your business activities, ownership structure, and expected transactions as part of their compliance review.

Our latest guide covers:
• How banks assess foreign-owned companies
• When remote account opening may be possible
• What banks typically look for during the application process
• Why do some applications take longer than others

If you're setting up a Singapore company from abroad, our guide can help you understand what to expect and how to prepare for a smoother application process.

Read the full guide here:https://mybusiness-asia.com/news-insights/open-a-business-bank-account-in-singapore/

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

Learn how foreign founders can open a business bank account in Singapore, including requirements, documents, and account options.

17/07/2026

Traditional bank or digital bank account? Which one fits your Singapore business needs?

✔️Need trade financing, government payments? A traditional bank may be a better fit.
✔️Need fast, fully remote onboarding and multi-currency accounts with lower FX costs? Consider a digital provider.

The right choice depends on your business model, transaction needs, and future plans.

👉 Take a quick look at the table below to explore the trade-offs between both options and where each one fits best for your company in Singapore.

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

15/07/2026

Planning to set up a company in Singapore?

Opening a business bank account is one of the first things you'll need after incorporation. It helps you get your company up and running by allowing you to receive payments, pay suppliers, handle payroll and taxes, and keep your business and personal finances separate.

In our latest article, we cover everything any founder needs to know, including:
✔️ The main business banking options available
✔️ What documents will you need to prepare
✔️ The application process and expected timelines
✔️ Key considerations for foreign founders

Explore MBiA’s ultimate guide to better understand the business bank account opening process and prepare with confidence: https://mybusiness-asia.com/news-insights/the-ultimate-guide-to-company-bank-account-opening-in-singapore/

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

Discover how to open a business bank account in Singapore, including requirements, documents, timelines, and account options.

30/06/2026

Are you looking to change your company secretary? Here are a few key points that companies should pay close attention to.

- Record alignment between new and old company secretary: Ensure statutory registers, resolutions, and filings match ACRA records before the handover.

- Avoid switching company secretary during compliance deadlines: If filings are mid-process or close to due dates, unclear status (e.g., drafted, signed, or filed), or ownership can cause delays or inconsistencies.

Addressing these areas early helps ensure a smoother transition and reduces the risk of issues arising post-handover.

👉 Learn more practical insights for your smooth transition

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

24/06/2026

In Singapore, company secretaries aren’t just administrators, they are key to keeping a company compliant and aligned with proper governance.

This is a mandatory role that can be appointed in-house or outsourced via a CSP (Corporate Service Provider), depending on the company’s size and growth stage. There’s no “better” option, only what’s more suitable.

When making a change, companies must follow the proper process (appoint new → resolution → consent → filing) to avoid any compliance gaps.

📌 If you're looking for a reliable local partner for Company Secretary services in Singapore, MBiA is worth considering. Let's check out the 5 key steps to change your company secretary: https://mybusiness-asia.com/news-insights/how-to-change-company-secretary-singapore/

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

How to change a company secretary in Singapore: follow 5 key steps and practical tips for a smooth and compliant transition.

19/06/2026

In-house vs outsourced corporate secretary: which works better for your business?

There’s no one-size-fits-all answer, only trade-offs between cost predictability, access to expertise, and operational efficiency.

- Outsourcing works best when you have limited time for administrative work, operate remotely, or lack internal expertise to manage compliance effectively.

- In-house makes sense when your business has the capacity and needs closer control and integration with daily operations.

If you’re evaluating which route makes more sense for your company, this is a helpful starting point.

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

12/06/2026

In Singapore, a Company Secretary must be appointed within 6 months of incorporation, and this role quickly extends beyond a statutory requirement.

This position can be handled either in-house or outsourced, and the right approach often depends on your stage of growth and operational priorities.

This article brings together the key requirements, responsibilities, and considerations to help you stay compliant and make the right choice as your company evolves:

👉 Read more: https://mybusiness-asia.com/news-insights/corporate-secretarial-services-singapore/

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

Corporate secretarial services in Singapore: key requirements, responsibilities, and outsourcing insights for compliance.

09/06/2026

Myth: A company secretary only handles admin work.
Fact: They play a key role in keeping companies compliant under the Companies Act in Singapore.

• Ensure timely filing of annual returns and updates with ACRA
• Maintain statutory registers and proper company records
• Support AGMs and board resolutions while keeping documentation in order

A reliable company secretary helps keep your business on track and meeting its obligations.

👉 Swipe through the carousel to explore their full responsibilities.

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

04/06/2026

What does a company secretary really do in Singapore, and why does it matter more than many think?

In Singapore, the company secretary is a key personnel of corporate governance and compliance. This person helps businesses stay aligned with statutory obligations, supports directors in meeting their responsibilities, and ultimately ensures companies stay compliant.

👉 Read our latest article to learn more about the importance of this role in Singapore's highly regulated business environment:
https://mybusiness-asia.com/news-insights/the-key-role-of-the-company-secretary-in-singapore/

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

Learn the role of a company secretary in Singapore, including duties, appointment rules, responsibilities, and in-house vs outsourced options.

29/05/2026

How long does it take to register a HK company when you work with MBiA?

Most foreign founders expect a quick setup, but the timeline often depends on how smoothly each step is handled. We break it down in 4 steps and takes around 3-4 weeks to onboarding a new client.

MBiA believe that the more we streamline each step early on, the more you avoid unnecessary back-and-forth and get operational faster.

If you're looking for a partner reliable to push faster your journey go-to-market in HK, MBiA may your right look.

Start with MBiA:
https://mybusiness-asia.com/start-a-company/

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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418