To use Wise for your business in Australia, you’ll need to register a business account. We’ll also need to verify your personal details and identity. See here for more information on verifying your identity.
What do I need to verify my company?
Required info (all company types)
Legal name of the entity
Business registration number
Registered office address and primary place of business (as your trading address)
Information on beneficial owners, such as shareholders who own 25% or more of the business, including full name, address, date of birth and exact percentage of shares they own*
List of directors, including full name, country of residence, and date of birth (if applicable to your company type)
Your business website if you have one and a short description of what your business does
*If any beneficial owner who owns 25% or more of the business is another business, then we also need the following information about the owners of that business: full name, date of birth, address.
Sole Trader
ABN
Private Company
ABN, ACN
Photo IDs of all beneficial owners who own 25% or more of the business
In some instances, a document confirming the beneficial owners of the business
Public Company
ABN, ACN
Photo IDs of all beneficial owners who own 25% or more of the business
In some instances, such as if your company is not listed on the ASX, a document confirming the beneficial owners of the business
Trust
ABN of the Trust, ACN of the trustee (if applicable)
Information about the beneficial owners of the Trust*
Information about the trustee (and the trustee’s beneficial owners if it is a company)
Photo IDs of all beneficial owners of the Trust* (and trustee if applicable)
Trust Deed
Document confirming the beneficial owners of the trustee (if applicable)
*Anyone with the authority to appoint or discharge a trustee or amend the trust deed is considered a beneficial owner of the Trust
Partnership
ABN
Document confirming the beneficial owners of the business
Photo IDs of all beneficial owners who own 25% or more of the business
Association / Branch
ABN, ARBN
Document confirming the beneficial owners of the business
Photo IDs of all beneficial owners who own 25% or more of the business
Government entity
ABN
Clear description of the function of the entity and your role in it
Acceptable documents to verify the Ultimate Beneficial Owner(s)
In some cases, we may ask for additional information about the ownership and structure of your business. We can accept the below documents to verify the Ultimate Beneficial Owner(s) of your business:
ASIC Company Extract — it must contain the share structure and be issued within the past 12 months
ASIC Company Statement — it must be issued within the past 12 months
Trust Deed — a full copy or an extract containing the schedule and signed execution pages. Make sure to include any Deeds of Amendment or similar supporting documents when available
Partnership Agreement — must be signed
Is there anything else I need to know?
If you're not the director or a beneficial owner of the business, we'll ask you to provide an authorisation letter, or a board resolution from the company, confirming that you’re authorised to use and communicate with Wise on behalf of the business. You can download a template of the authorisation letter and have it ready when we ask for it.