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Verifying a Thailand-Registered Business

Businesses registered in Thailand are required to complete both identity and document verification as part of the onboarding process.

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Verification Process

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Identity Verification

The account representative must complete:
  • Government-issued ID verification
  • Selfie submission
ID verification will be required after your bank account has been successfully linked.

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Document Verification

Submit the following:
  • Business registration documents showing owner/shareholder names
  • Supporting documents proving active business operations
If the account representative is not listed in the business registration:
  • A signed Letter of Authorisation (LOA) from a company secretary or director
  • Identification documents (e.g., passport with signature) of:
    • The account representative
    • The person signing the LOA
Additional documentation may be requested by our Compliance team depending on the nature of your business or ownership structure.

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Common Additional Requirements

  • Businesses with complex ownership structures → Provide a Beneficial Ownership Structure chart
  • Shareholders with 25%+ ownership → Submit valid ID for each
  • Regulated industries → Provide the relevant licenses:
    • Drug-related businesses → Thai FDA import/manufacturing license
    • Tourism-related businesses → Tourism Business License from the Department of Tourism, Ministry of Tourism and Sports
Documents must be clear, valid, and unaltered. Blurry or edited files may delay approval.

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FAQs