Documents Required for On-Boarding (Wallex Singapore)

What documents do I need to prepare for onboarding?

As a Singapore incorporated entity, here are the key documents you'll need:   

1. Incorporation documents - ACRA Bizfile (dated within the last 6 months). 
2. Proof of business address (POA) - Proof of Address Document is required if the operating address differs from ACRA Bizfile. 
3. NRICs / Passports of Directors,  Approved Persons and Authorised Users, and ultimate beneficial owner (UBO) as listed.
4. Shareholding Chart - For companies with more than 1 layer of shareholders (i.e. if there is a company that owns more than 25% of voting shares).   
5. Proof of address of all the Ultimate Beneficial Owners and Approved Persons and Authorised Users. 
6. Board Resolution for the appointment and authorisation of Signed authorisation form – Approved Persons and Authorised Users to use the services provided by Wallex on behalf of the customer.

Please submit the certified true copy (CTC) of all documents listed above, except for the Board Resolution. 

Foreign Entities 

Foreign entities may be managed by Wallex Technologies Pte Ltd (Singapore based). Will require the addition of:   

1. Incorporation Documents   

1. NRICs/Passport of Directors   

During the onboarding process. foreign entities will be required to submit the same documents as listed above for Singapore-incorporated entities.  

The requirements for incorporation documents, however, are slightly different. We will need records from an Independent Company Registry detailing Corporate Profile, or the Memorandum and Articles of Association together with the Register of Directors or Certificate of Incumbency. These documents would require CTC. Do note that proof of address (POA) is a mandatory requirement for foreign entities onboarding with Wallex Singapore too. 

The documents needed and requested will also depend on where your business is incorporated, and which is the relevant Wallex entity you are transacting with. A Corporate Profile of the company as well as the identifying documents of the shareholders is usually the starting point.  

Please note that this is not an exhaustive list of all documents required, regardless of whether your business in incorporated Singapore or overseas. We may request additional documents as well depending on the nature of the business.   

If you have any questions or concerns please reach out to your Account Managers and they will be able to assist you. Alternatively, you may reach out to our team at contact@wallextech.com and one of our team members will be able to assist you.