What do you need to verify my Singapore business?

We need to verify your business before you can make a business transfer from Singapore in Singapore dollars (SGD), or activate any balances. It’s how we keep your money safe, and comply with the Monetary Authority of Singapore (MAS) regulations.

Sign up for a business account

What information will I need to provide?

You'll need to verify some of your information with us to open an account.

Your personal details

1. Upload your ID that shows your nationality

2. Upload a proof of your residential address

3. Upload an authorisation letter if you're not the director of the business

Learn more about getting verified in Singapore

Your business details

1. Enter your company’s name and ACRA (or UEN) registration number

2. Tell us about your business and how you’re planning to use Wise

3. If your company has a website, add this to your profile.

4. Provide us information for all of your directors, and shareholders that own more than 25% of the business:

   • full name, date of birth, and country of residence

5. If one of the shareholders is another business, we'll also need either:

   • company registry document showing the owners of that business

   • Beneficial Owner declaration document — instruction on how to fill it in below

My company is incorporated outside of Singapore. Can I still send from SGD?

You can still use your Wise Business account to set up a transfer from SGD. We’ll just ask for more information:

• ID of the highest ranking director

• Company registry document that shows details of all shareholders of the company

  • Alternatively, a Beneficial Owner declaration document

• Documents for the personal account verification:

  • Your ID with nationality

  • Proof of address; this needs to match the personal account address

Filling in the Beneficial Owner declaration document

1. Enter the company name and UEN of the business that is registering for a Wise Business account

2. Attach a shareholder chart, similar to the example below

3. Fill in the shareholders' information as shown in the shareholder structure chart

4. Have your declaration document and your shareholder structure chart signed by the director, and certified by either:

   • Legal, Company Secretary, or Notary public (with the date of notarisation)

   • ACCA (include the ACCA membership number), or any ACCA equivalent organisation

Is there anything else I need to know?

All businesses incorporated in Singapore must be registered with ACRA to use Wise Business. 

Trusts and charities can’t use Wise to send money from Singapore.

All business accounts must be in line with our Acceptable Use Policy.