Beneficial owners

If you operate a private company, partnership or non-profit organisation located in Singapore, review your legal entity information in the Dashboard. You are required to verify your business and beneficial owners who own more than 25% of your business. If no beneficial owners hold more than a 25% stake, we'll need to verify business owners with a stake greater than 10%. Stripe will cross-reference the account information that you've provided with the relevant Singaporean legal registries. We will verify the following details:

• Company name
• Entity type
• Business registration number (UEN)
• For each beneficial owner with more than >25% ownership on the registry:
  • Name
  • DOB
  • SG ID number (NRIC) or passport number
  • Alias
  • Email address
  • Designation or title
  • Residential address

Depending on your legal entity type, the registry in question is:

• Private company or partnership: Business Filing Portal of ACRA
• Non-profit:
  • Charity portal
  • Registry of Societies

Should your submitted information on Stripe not match or be absent from the registry data, we recommend updating your information with the registry board, or reviewing and updating the details submitted to Stripe. Until an exact match is made, you might face restrictions on accepting payments or receiving payouts to your bank account.

Accepted evidence and documents

For a list of acceptable document types for incorporated businesses for Singapore, please refer to:

Acceptable verification documents by country on the "Company or entity documents" tab. You'll also find the list of document types on the Business details page of your Dashboard settings. We require a proof of incorporation or proof of registration in order to verify your business.