What is an ACRA Business Profile and why does it replace a company search?

The ACRA (Accounting and Corporate Regulatory Authority) Business Profile is Singapore’s official company registration record. Hollis accepts it in place of the company-search documentation a traditional US bank would separately require, which is one reason Singapore review times stay fast.

Is Hollis suitable for a Singapore entity used purely as an APAC holding company?

Yes. Holding companies with no direct operating activity are accepted under the same Pte Ltd entity type and documentation requirements as operating companies.

How long does a Singapore Pte Ltd application take to review?

Same business day to next business day with complete ACRA, incorporation, and UBO documentation.

Why is the setup fee higher for Singapore than for UK or Ireland?

Singapore sits in Hollis's mid tier ($750 setup / $600 annual), reflecting the additional documentation layer (ACRA profile plus standard incorporation and UBO records) relative to the EU/UK tier — it remains lower than the enhanced-KYC UAE tier.

Can a Singapore holding company and its US operating subsidiary both bank with Hollis?

Yes — many venture-backed structures use Hollis for both the Singapore holding entity and a related US entity, each opened and reviewed independently under its own documentation.

Hollis & Co

All jurisdictions

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US Business Banking for Singapore Pte Ltd Companies

Open a USD account for your Singapore Private Limited company — built for APAC holding structures and treasury management.

Why this matters

Singapore Pte Ltds are frequently structured as APAC holding companies sitting above US-facing operating entities, or as the primary vehicle for venture-backed founders running global operations from Singapore. Either way, the treasury question is the same: how do you hold and move USD without waiting on a full US banking relationship. Hollis & Co, backed by Column N.A., gives MAS-regulated Singapore entities a clean, same-to-next-business-day path to USD banking — with an ACRA business profile standing in for the company-search documentation a traditional US bank would otherwise require.

Entity Types

Holding Company / Pte Ltd

Review Time

Same day – next day

Requirements, fees & timeline

Required Documents

·Certificate / Articles of Incorporation
·Tax Identification
·Ownership & Control
·Directors / Control Persons
·Company Constitution
·Passport (valid)
·Proof of address

Fees

Setup fee

$750

Annual fee

$600

Domestic wire

$20

SWIFT wire

$30

FX spread

+0.75%

Incoming wires

Free

Annual maintenance fee waived if your account maintains an average daily balance of $250,000 or greater across the 365 days prior to your renewal date.

Frequently asked questions

Hollis & Co., Inc. (“Hollis & Co”) is a financial technology company, not a bank. USD deposit accounts and banking services are provided by Column N.A., Member FDIC. Deposits are eligible for FDIC insurance up to $250,000 per depositor, per ownership category, through Column N.A. Use of the Hollis & Co. platform is subject to eligibility requirements and terms of service.