---
title: What documents are required to open an account for a Singapore business?
description: The documents required to open an Aspire account depend upon the complexity of your organisation.
---

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# What documents are required to open an account for a Singapore business?

## The documents required to open an Aspire account depend upon the complexity of your organisation.

**Documents needed for Singapore businesses**

**1. ID**

- All users need to submit this (except if you sign up with [MyInfo / CorpPass)](https://www.singpass.gov.sg/myinfobusiness) to protect users against impersonation & identity theft.<https://www.singpass.gov.sg/myinfobusiness>
- Accepted IDs are National IDs or Passports. The picture must be clear and in colour. **Driving licenses are not accepted.**
- **Proof of Address** is required if the submitted ID does not show your address. Accepted documents should be any legal documents issued by a third party: *utility bills, phone bills, bank statements, rental agreements, or contracts.*

**2. SELFIE**

- **Who needs it?** All users, except if you signed up with [MyInfo / CorpPass (For Singapore businesses only)](https://www.singpass.gov.sg/myinfobusiness).
- **What must it show?** The in-app selfie during sign-up needs to show your face. If you provide the selfie by email, it should show you holding your ID and a white paper with the word 'Aspire' written on it.
- **What documents are accepted?** The picture must be clear and in colour.
- **Why we need it.** To verify it is you who sign up and protect yourself against impersonation & identity theft.

**3. BUSINESS CONSTITUTION / MEMORANDUM AND ARTICLES OF ASSOCIATION**

- This applies to all businesses, except Partnerships and Sole Proprietorships, to verify that the Constitution allows you to open an account on behalf of the company.
- **All subscribers must sign the constitution or be an extract from ACRA.** Pictures or scans are accepted. For Singapore businesses, you can purchase this with ACRA (video of these steps is at the [end of this article](https://support.aspireapp.com/migration/trial/what-documents-are-required-to-open-an-account-for-a-singapore-business#video-constitution-singapore)): 
    - Go to [https://www.bizfile.gov.sg](https://www.bizfile.gov.sg/) \> Enter your Unique Entity Number (UEN) in the search bar \> click Search again mid-screen.
    - Click on Other Information in the search bar results \> Click Search \> Scroll down to the section Extracts \> Under Category, select Company Incorporation (M&AA)/Constitution. For the Transaction Date, select Last 5 Years and click Find; (if unavailable try selecting the other options eg. Last 10 years, etc.)
    - Select the First option under **Extract**. Purchase it.
    - eCertification is not needed *(no need to buy the eCertificate version).*

**4. LETTER OF AUTHORISATION**

- This applies to all businesses to protect businesses from account openings done by non-authorised users.
- [Click here to fill out our Letter of Authorisation](https://forms.aspireapp.com/team/onboarding/letter-of-authorisation) and ask 1 Director of the company to sign it. Director's signature must match the signature shown on the submitted ID. If a non-director opens the account, the document must show his/her details in the dedicated section of that document as well.

**5. ID OF DIRECTORS & ULTIMATE BENEFICIAL OWNERSHIP/S (UBOs) WITH MORE THAN 10% SHARES**

- This applies to all businesses to determine the identity of your company's key stakeholders and comply with international regulations.
- Accepted IDs are National IDs or Passports. The picture must be clear and in colour. Driving licenses are not accepted.

**6. SHAREHOLDING OF CORPORATE SHAREHOLDERS**

- This applies to businesses with corporate shareholders that hold \> 25% of shares in your business.
- Document must not be older than 3 months and it should show the name, identification number, address, and percentage (%) or number (#) of shareholding of each shareholder.
- Accepted Documents are as follows: Certificate of shareholding, Audited financial report, or Certified True Copy of shareholding.

**What is a Certified True Copy**? They are copies certified via wet ink signature by a Solicitor, Lawyer, Notary Public or a Certified Public or Professional Accountant. Please note that we do not need the original document. Pictures or scans are accepted.

**7. LICENSE**

- Applies to businesses from industries that typically require a license to operate (*example: alcohol, pharmaceuticals, financial services, cryptocurrency, and marketplaces*)
- License must show the license number, business name, and licensing authority. If your license number is published online, the license number is enough.

**Aspire only accepts documents in the languages below.** For documents in other languages, we accept certified translations.

- English
- Bahasa
- Dutch
- French
- Italian
- Mandarin
- Spanish
- Thai
- Vietnamese

**Video of acquiring a business constitution/memorandum and articles of association in Singapore**

<iframe data-hsv-src="https://play.hubspotvideo.com/v/21172957/id/70502207077?muted=true" referrerpolicy="origin" sandbox="allow-forms allow-scripts allow-same-origin allow-popups" allow="autoplay; fullscreen;" style="position: absolute !important; width: 100% !important; height: 100% !important; left: 0; top: 0; border: 0 none; pointer-events: initial" title="HubSpot Video" loading="lazy" data-hsv-id="70502207077" data-hsv-style="" data-hsv-width="500" data-hsv-height="1166" data-hsv-autoplay="false" data-hsv-loop="false" data-hsv-muted="true" data-hsv-hidden-controls="false" data-hsv-full-width="false"></iframe>

 

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