Setting up a subsidiary in Singapore

Setting up a subsidiary in Singapore

Back to Banking for International Subsidiaries

When you’re entering a new market, you need to get up and running quickly. Our local market knowledge and global connectivity will help make the process easier, so you can focus on growing your business.

As you are setting up your business here in Singapore, your dedicated relationship manager and local experts will provide you with all the support and market insights you need to get started.

Banking solutions to get your Singapore business started

HSBC Business Accounts*

Meet your everyday banking needs with our complete suite of local and multi-currency business current accounts* and time deposits. Available in SGD and other major currencies: AUD, CAD, RMB, EUR, HKD, NZD, GBP and USD.

HSBCnet

Get a view of your global accounts on one secure platform. Make instant and cashless payments with FAST, PayNow Corporate and PayNow on SGQR, check the equivalent in another currency and access your trade transactions anytime, anywhere.

HSBC commercial cards

Manage your travel and entertainment expenses more efficiently with our range of corporate credit cards that help you monitor spending while reducing costs and time spent on admin.

*Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

**Negative credit interest charge might apply

Digital Banking Solutions

Our global digital banking platform provides a centralised overview of your business finances for better control of your operations and risk position across the region.

Our ASEAN Network

If you’re looking to expand in the region, give your business the best support possible with our ASEAN network.

Get up and running quickly with our expert help

✓ Set up a business account
Your dedicated Relationship Manager will guide you through the business account opening process

✓ Make the most of digital banking
hsbcnet an internet banking experience that keeps up with your business.
Find out more about our account opening process and everything you need to get started

Sustainable financing

We are committed to achieve a cleaner future. We support businesses engaging in sustainable practices and help them transition to a low carbon economy.

International Business Guides : Singapore

Ranked as one of the easiest places to do business by the World Bank, Singapore offers a world-class business environment with a global reputation. Find out more about doing business in Singapore and how we can help you thrive in this market.

How can we help today?

Have other banking needs?

Growing beyond your current banking set-up?

As your subsidiary expands, your banking needs naturally will too. Get access to our international network, comprehensive banking services and innovative digital solutions to support your growth.

Scaling across the region?

Entering new markets brings challenges as well as opportunities. Experience greater flexibility and efficiencies when you centralise your business operations and treasury.

Optimise your working capital

As a multinational with a large global footprint, you need to make the most of strategic opportunities that come your way. And that means having access to the latest global perspectives, financial insights and solutions.

Find out more about International Subsidiary Banking

We can be your dedicated partner, delivering a consistent banking experience globally, with solutions tailored to the unique needs of your business.

Singapore is a leading financial and commercial centre and is Asia’s most network-ready location with world-class infrastructure.

If you’re looking to expand in the region, give your business the best support possible with our ASEAN network

HSBC’s International Subsidiary Banking (ISB) business provides a consistent global banking experience to over 8,000 corporate groups and their international subsidiaries. Operating across more than 50 markets, we are experts in delivering tailored solutions on a global scale.

We are committed to achieve a cleaner future. We support businesses engaging in sustainable practices and help them transition to a low carbon economy.

Our global digital banking platform provides a centralised overview of your business finances for better control of your operations and risk position across the region.

Reap the rewards of our global banking network and award-winning suite of financial services across liquidity and cash management, global trade and receivables finance, risk management, and capital financing.

Our banking solutions have been designed to meet the requirements of a wide range of overseas headquartered companies based in Singapore.

Need help?

Get in touch to learn more about our banking solutions and how we can help you drive your business forward.