Singapore

Required documents and verification process for businesses in Singapore

Verifying a Singapore-Registered Business

Businesses registered in Singapore can verify their HitPay account using one of the following methods:

Verification Methods

Using CorpPass (MyInfo Business)

The fastest way to verify your business is through CorpPass using MyInfo Business. This method automatically pulls your entity details from ACRA and completes the verification seamlessly.

Recommended for most Singapore-registered entities as it’s the fastest and most secure option.

Manual Verification

If CorpPass is not available, you can complete verification manually by providing the following:

• A valid ACRA Business Profile, or a similar document issued by a Singapore government authority
• ID verification via a secure link (sent separately by our team)

If the account representative is not listed in the ACRA Business Profile:

• A signed Letter of Authorization (LOA) from a company secretary or director
• Identification documents (with signature, e.g., passport) for:
  • The account representative
  • The person signing the LOA

Your verification link for ID submission will be sent securely by the HitPay team after receiving your initial documents.

Additional documents may be requested by our Compliance team depending on your business type.

Common Additional Requirements

Some businesses may need to provide extra documentation:

• Complex ownership structures → Submit a clear Beneficial Ownership Structure
• Regulated industries → Provide relevant licenses, such as:
  • Ministry of Law registration (for dealers in precious stones and metals)
  • Singapore Police Force liquor license (for alcohol-related businesses)

Failure to provide the correct supporting documents may delay onboarding.

Bank Account Requirements

• Companies and LLPs must use a corporate bank account to receive payouts.
• Sole Proprietorships, Partnerships, and LPs may use a personal bank account held in the name of the business owner(s) or partner(s).

Bank accounts must match the registered business or owner name.

Source: GoBusiness.gov.sg – Open a Corporate Bank Account

Entity Types and Required Documents

Entity Type	Required Documents
Business / Company / LP / LLP	ACRA Business Profile – see Sample Business Profile
Mosques / Madrasahs	Certification from MUIS or Document listing officers and members
Charities / IPCs	PDF from Charities Portal showing: - Governing Board Members - Trustees - Key Officers
Cooperative Societies / Mutual Orgs	One of the following: - Registration Certificate - List of key officers (President, Secretary, Treasurer)
Societies	Document listing members and their roles (President, Secretary, Treasurer) Can be a screenshot or PDF from the MHA Registry page

Ensure documents are clear, complete, and up-to-date to avoid verification delays.

FAQs

How do I register a business in Singapore?

Refer to these official ACRA resources to register a business:

• How to Register a Business – ACRA
• Sole Proprietorship or Partnership Guide
• Setting Up a Local Company

How do I register for CorpPass to verify my HitPay account?

HitPay uses MyInfo Business via CorpPass for verifying Singapore-registered businesses.

To complete verification:

1. Set up a CorpPass account
2. Use it to log in and verify your HitPay account

Visit corppass.gov.sg for full registration instructions and support.