Business account for start-ups

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neword

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I recently initiated a start-up but i am not very sure about the polices. Is it required to have a business account for doing business in Singapore? Can I just simply use my personal account?
 
SCG8866T

SCG8866T

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neword said:
I recently initiated a start-up but i am not very sure about the polices. Is it required to have a business account for doing business in Singapore? Can I just simply use my personal account?
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Personal account doesnt allow credit card payment money to enter. You need a business account if you want an ecommerce platform that accepts credit card payment. Which also means you need at least a sole proprietorship registration, as that is needed to open a business acct.
 
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