- Country:
Singapore
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Digital bank account, Traditional bank account
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Having a multi-currency account can be a fundamental change for international students, frequent travelers, foreign entrepreneurs, and international businesses.
This article covers everything you need to know about multi-currency accounts and the best ones in Singapore, helping you make the right choice based on your unique needs.
What Is a multi-currency account?
A multi-currency account allows you to hold, receive, and make payments in multiple currencies under a single account.
This straightforward way avoids conversion fees, simplify global transactions, and provide greater control over currency management makes it particularly valuable for businesses and frequent travelers.
What are the benefits of a multi-currency accounts?
With a multi-currency account, you can get
- Financial flexibility: You can receive/transfer money, make payments and investments (Buy bonds, stocks, or secure best FX rates) in different currencies.
- Lower maintenance fee: You can manage all transactions in one account, avoid having multiple accounts, unfavorable exchange rates. In addition, some banks offer free payment transfers within the bank network
- Easy account management: You can get a dedicated account manager who can support you directly and offer insights you need.
Who can benefit from a Singapore multi-currency account?
Multi-currency accounts can benefit both individual users and businesses. Examples are frequent travelers, foreign students, expatriates, e-commerce sellers, exporting-importing businesses.
2 types of multi-currency accounts in Singapore
You can get 2 types of multi currency accounts in Singapore depending on your needs:
Business accounts
These accounts support a wider range of currencies and higher transaction limits, often with specialized features like access to foreign exchange markets. They’re popular among businesses with international dealings or expenses in different currencies.
Personal accounts
Personal multi-currency accounts are substantial for individuals who travel often, make purchases in foreign currencies or receive funds in different currencies.
Some banks offer benefits, such as straightforward access to unique features (low or no minimum balance and easy online management).
Top 5 best multi-Currency accounts in Singapore
Here’s a look at some of the most popular options in Singapore for multi-currency accounts, including both traditional banks and innovative FinTech providers
Types of bank account |
Best for minimum |
Minimum deposit (in SGD)
|
Features |
Wise Multi-Currency Account |
International transactions and frequent users |
None |
- Real-time exchange rates
- Low transfer fees
- Over 50 currencies supported
- No hidden charges
|
HSBC Everyday Global Account (Personal Banking) |
Expats and frequent travelers |
$2,000 to qualify for cashback |
- Up to 10 currencies supported
- Access to the global banking network of HSBC
- Free withdrawals from HSBC ATMs globally
- 0,05% minimun annual interest and 4,1% maximum annul inerest
|
DBS Multi-Currency Account |
Individuals or SMEs with cross-border dealings |
A Singapore company does not require an initial deposit if it is incorporated less than 3 years ago. |
- Supports digital invoicing
- Access to over bfor cross-border trades
- One-stop solution for accounting, payroll, and banking
- Multi-currency account support
|
UOB Global Currency Account |
Frequent travelers and regional businesses |
$1,000
(Initial deposit depending on the currency)
|
- 10 major currencies (USD, EUR, CAD) supported
- Competitive exchange rates for FX conversions
- Multi-currency funds transfer globally
|
Standard Chartered Bonus$aver Multi-Currency Account |
Individuals looking for both savings and FX |
$2,000 |
- Up to 14 currencies supported
- Access to competitive FX rates
- Bonus interest rates for spending, investments, and deposits
|
How to set up a multi-currency account?
You can open a bank account in Singapore on your own, but the majority of foreign businesses struggle to do so.
With the support from our banking expert, we offer a 5-step process to help you open a business multi curency account in Singapore as below:
Step 1: Gather documentation
Before you start the application process, you have to gather the necessary documentation. This typically includes:
- Identification Documents: A government-issued ID, such as a passport or national identity card, to verify your identity.
- Proof of Address: A recent utility bill, bank statement, or rental agreement showing your name and residential address.
- Business Documentation (if applicable): For business accounts, you need your company registration documents , tax identification number, and details about company ownership and structure.
Step 2: Choose a Bank with high accout opening success
Based on your KYC profile, we can suggest best accounts with high opening possibility that meet your needs
Or you can research and compare different providers to find the one that best suits your needs.
- Traditional banks: They often provide a wider range of currency options and may have physical branches for in-person support.
- Fintech providers: Look for providers like Wise or Revolut, which typically offer lower fees and a more user-friendly digital experience.
Step 3: Complete the application
Once you’ve selected a provider, you can begin the application process.
- Online application: Some banks and fintech providers offer an online application form. Fill in your personal details, including your financial history and intended use of the account. Our expert will advise and help you fill in for a high success rate.
- In-Person visits: If applying at a traditional bank, you need to visit a branch to submit your application and documentation directly with our banking expert guiding during the interview for a high success rate.
Step 4: Verification process
After submitting your application, the banker will verify your documentation:
They will review rigorously the provided documents to ensure they meet compliance standards. This step include an in-depth background checks.
You will receive requests for additional information or clarification during this phase, so keep an eye on your email or messages for updates.
The final step is waiting for your account to be approved. This can vary widely; fintech accounts often get approved within minutes to a few hours, while traditional banks may take several days to weeks or even months as the KYC process takes time to completely understand your business models and verify your personal information.
Once approved, you will receive confirmation and instructions on how to access your account, including how to deposit funds and manage transactions.
How to manage a Singapore multi-currency account?
Charges and Reccurring fees
Managing the right multi-currency account involves evaluating several factors. One important factors are charges and recurring fee. Those charges and fees can be
- Annual account maintenance fee;
- Currency conversion fee;
- ATM withdrawal fee;
- Online transfer, overdraft, wire transfer;
- Fall below fee if the account balance is low than the minimum requirement.
High-risk activities
Banks will freeze accounts if they notice unusual transactions, like large deposits or international transfers from unknown sources, as a precaution against fraud.
Solution
To prevent this, inform your bank if you’re expecting high activity or significant transactions, and have documentation ready if needed.
If your financial activities change, consider talking to your bank about adjusting transaction limits. This communication helps keep transactions smooth and avoids interruptions, especially useful for handling multi-currency or international payments effectively.
Avoid trading with high-risk countries
To avoid account freezes, it’s also crucial not to trade with sanctioned or high-risk countries, like those under international sanctions, as these transactions often trigger banking restrictions.
Avoid high-risk activities, such as handling enormous sums without obvious sources or sending frequent, high-value transfers to multiple new recipients, as these can raise red flags.
Solution
- Track ransactions: Maintain records of all your transactions, particularly for business accounts, to verify any flagged activity.
- Know your transfer partners: Only transfer funds to verified recipients, and ensure their locations are reputable. You should check the lists of Sanctioned designated Individuals and Entities from the Money Authority of Singapore for information.
How can we help you open a multi-currency account in Singapore?
As a recognized partner of Singaporean banks, our expertise lies in simplifying the process and increading your chance opening Singapore bank accounts with success. We ensure a smooth, prompt, and thorough experience for our clients, prioritizing professionalism throughout the entire procedure.
- Recommend the right bank and the right bank account for your need
- Support you in opening a reliable, trusted digital bank account or traditional bank account;
- Prepare necessary documents for account opening;
- Schedule an appointment with a Singapore bank representative;
- Monitor and assist in opening personal bank accounts (physical and digital) for clients in Singapore.
Global Link Asia Consulting, as your trusted one-stop corporate service provider helping hundreds of business owners start their businesses overseas and manage their companies with success, can help you
FAQs about multi currency accounts in Singapore
What’s the best multi-currency account for individuals?
For personal use, you can use Standard Chartered Bonus$aver Multi-Currency account, HSBC everydayglobal account or Wise account for an affordable, accessible options with strong digital features.
How many currencies can I hold with an account
This depends on the bank and the accounts you choose. Top full banks in Singapore offers accounts with at least 10 currencies supported per account.
Fintech providers offer accounts with which you can transfer more than 10 currencies. For example, wise accounts support more than 50 currencies.
Is my money safe in a multi-currency account?
Your money is safe in a multi-currency account provided by lisenced Singapore banks.
Singapore is known as the top 4 financial centers in the world, providing one of the safest financial protection and rigorous KYC policies . Local banks and trusted fintech options adhere to strict security standards.
With over a decade of experience serving as a trusted partner to more than 750 business owners seeking professional development and breakthroughs in the international market, we are an expert strategic corporate service provider helping you incorporate and operate successfully in 10 different countries
Our areas of expertise include:
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Strategic Consulting and Company formation in over 10 different countries worldwide such as Singapore, Hong Kong, the U.S., Australia, Thailand, Malaysia, and offshore destinations like BVI, Belize, Seychelles, and more.
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Account opening for personal and corporate bank accounts, as well as setting up PayPal and Stripe gateqays in countries like Singapore, Hong Kong, and the U.S..
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Tax Consulting and Preparation for SFRS IFRS financial reports, corporate income tax returns, VAT/GST (Value Added Tax/Goods and Services Tax), and more.
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Opreation support:
With over 10 years of experience and a team of experts with 5 to 25 years of experience (international standard certifications) as well as direct partnerships with institutions such as OCBC, UOB, DBS, PayPal, and Stripe, we are proud to offer professional, legal, transparent, sustainable services with no hidden costs.
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Record keeping is a foundational element of running a successful business in Singapore.
Beyond ensuring compliance with ACRA and IRAS, proper record-keeping helps businesses maintain transparency, manage financial health, and prepare for potential audits.
This guide provides an in-depth overview of record-keeping requirements, best practices, challenges, and more.
What is proper record keeping in Singapore?
In Singapore, recordkeeping means storing all documents and information related to a company’s financial activities and transactions.
According to IRAS, this includes maintaining accounting ledgers, journals, and schedules that show the company’s income, expenses, assets, liabilities, profits, and losses.
Additionally, businesses must keep source documents, like receipts, invoices, bank statements, and any other paperwork related to sales and purchases. These records prove the accuracy of financial information and help with tax reporting, compliance checks, and audits.
For companies registered for GST, extra documents are required, such as tax invoices and records for the sale or disposal of business goods, as they are needed for GST reporting.
Why do businesses keep records in Singapore?
Keeping accurate records is not only recommended but mandated under the Companies Act and Income Tax Act in Singapore.
Without organized and up-to-date records, companies face numerous risks, including:
- Legal and financial penalties: Singapore law imposes fines for non-compliance with record-keeping requirements. Failure to produce accurate records can lead to investigations or increased tax liabilities.
- Operational inefficiencies: Poor record-keeping can hinder decision-making, making it difficult to assess the company’s financial status or forecast cash flow accurately.
- Reputational damage: If non-compliance becomes public knowledge, it can harm client trust and discourage future partnerships.
In addition to these risks, Singapore companies may face potential audits by ACRA or IRAS.
Well-organized and complete records make it easier to provide necessary documentation during an audit, reducing stress and ensuring a smoother audit process.
Must-know Singapore record-keeping requirements
How long to keep accounting, and tax records for the Singapore company?
The Singapore Companies Act stipulates that businesses must retain records for a minimum of five years from the end of the relevant assessment year.
This duration ensures that all necessary documentation is available for audits or inquiries by tax authorities.
For example, a trading company in Singapore's financial year ends in November. For the company’s financial year of 2023, it must keep all of its required records until at least 31 November 2028.
Where to keep the Singapore company records?
According to ACRA and IRAS guidelines, Singapore companies can maintain business records in 2 ways.
- At the company registered office or at a place deemed suitable by the company’s directors or;
- On cloud storage with robust security.
The stored document must be legal, and accurate. These business records must be available for inspection at all times in the required period.
What business records must the Singapore company maintain?
According to IRAS guidelines on Records That Your Company Must Keep, businesses are required to keep accurate records of all transactions. This includes:
- Accounting ledgers, journals, and schedules: These should reflect the company’s financial details, such as income, expenses, assets, liabilities, profits, and losses.
- Source documents: These are essential records of each transaction, including receipts, invoices, bank statements, vouchers, and other documents provided to or received from customers.
- Additional transaction evidence: Any other documentation that verifies business transactions must also be maintained such as contracts.
Important note
The type of records to be kept can vary based on the company's GST registration status.
For example, GST-registered businesses must keep tax invoices for revenue transactions and records of business asset disposal, which are not required for companies not registered for GST.
Here is a checklist from IRAS listing all the records your company must keep depending on the company's GST status.In total, there are 30 types of records your company must maintain.
Summary of documents for record-keeping requirement
Type of records |
Documents |
GST-registered company |
Not-GST registered company |
Income records
(Records of each sale transaction)
|
Record of goods taken for private usage |
Required |
Required |
Credit notes for goods returned |
Required |
Required |
Export-related documents |
Required |
Required |
Serially numbered receipts issued or invoices issued |
Required |
Required |
Tax invoice issued |
Required |
Not required |
Evidence of payment received (i.e. bank statement) |
Required |
Not required |
Business expense records (Records of each business expense transaction) |
Receipt received or invoice received |
Required |
Required |
Receipt received or invoice received |
Required |
Required |
Evidence of payment (i.e. bank statement) |
Required |
Not required |
Employer’s CPF contributions |
Required |
Required |
Staff remuneration payment vouchers |
Required |
Required |
Payment to individuals or companies for rendered services and related contracts |
Required |
Required |
Purchase records (Records of each purchase transaction) |
Receive invoices, receipts, or tax invoices |
Required |
Required |
Import-related documents |
Required |
Not required |
Evidence of payment (i.e. bank statement) |
Required |
Not required |
Other records for GST purposes |
Business goods used for non-business purposes |
Required |
Not required |
Disposals of business goods, whether or not for a consideration |
Required |
Not required |
Removal of goods from customs-licensed warehouse |
Required |
Not required |
Bank statement |
Separate statements for personal and business purposes |
Required |
Not required, but recommended |
Accounting records and schedules |
Stocklist |
Required |
Required |
Book of sales record or listing |
Required |
Required |
Purchase listing or purchase record book |
Required |
Required |
General ledgers |
Required |
Required |
Balance sheet, profit and loss statement |
Required |
Required |
GST account summary of input & output tax (including tourist GST refunds) |
Required |
Not required |
GST account summary of input & output tax (including tourist GST refunds) |
Required |
Required |
Records of travelling expenses |
Required |
Required |
Records of entertainment expenses |
Required |
Required |
Records of capital allowances |
Required |
Required |
Fixed asset schedules |
Required |
Required |
Note: The requirement records are mandatory for tax purposes. The recommended records such as bank statements should be kept as good practices. These records should be available upon request by the tax authorities when needed.
Best tips for effective record-keeping for small business
Maintaining an effective, simple record-keeping system helps for small and medium businesses reduce compliance risks, improves accuracy, and ensures that records are readily available if needed.
Choose a consistent record keeping system
Choose a method for categorizing and storing documents, whether physical or digital. Label folders clearly and group documents by type, date, or purpose.
Examples of record-keeping systems
- Alphabetical or Chronological Organization: Helps to quickly locate documents and check if any records are missing. For example A, B, C, D, E, in alphabetical order or format Month/Year for chronological order.|
Example of keeping records in chronological order and alphabetical order
- Segregation by Type: Create separate folders for financial, operational, and statutory records, as well as tax-related documents.
Example of keeping records by type
Leverage the best record-keeping software
The shift toward digital records offers security, convenience, and ease of access. Accounting software like QuickBooks, Xero, and Zoho Books can help automate tracking, categorization, and storage with these 2 benefits:
- Cloud storage: Store records in cloud platforms with security protocols and encryption for sensitive information.
- Automated tracking: Many accounting tools offer real-time tracking, expense categorization, and document storage, helping to streamline monthly reconciliation.
In addition, to cloud storage systems, small and medium businesses can opt for Google Drive or OneDrive to use. To optimize the fee, you can choose to use a physical disk of around 5-10 TB to keep digital documents in a safe place.
Security measures
Securing records is essential to protect sensitive information. 2 tips below is recommended for extra protection
- Access Control: Restrict access to sensitive documents to authorized personnel only.
- Regular Backups: To avoid data loss, schedule regular backups and keep copies of critical records in secure, secondary locations.
Penalties for not following record-keeping requirements
Non-compliance with record-keeping regulations is a serious issue for businesses in Singapore, and it can have significant consequences. Your business records may be considered improperly kept if:
- Records are not maintained: If you fail to keep your accounting and related documents up to date, this is considered improper record keeping.
- Records are not kept for the required time: Businesses must retain accounting records for a minimum of five years.
- Records are not organized properly: If your accounting records are disorganized or stored inappropriately, they may be deemed improperly kept.
If your business does not maintain adequate records, both the company and its officers could face serious penalties, including a jail term of up to 12 months or a fine of up to $5,000, along with a default penalty under the Companies Act.
Additionally, improper record-keeping is considered an income tax offense. This could result in IRAS rejecting your company’s claims for capital allowances and expenses. Under the Income Tax Act, those found guilty of poor record keeping could face up to six months in jail or a fine of up to $1,000 if they fail to make required payments.
How can Global Link Asia Consulting help you maintain proper records?
No matter what stage you are, a startup, a running business or a company wanting to expand overseas, Global Link Asia Consulting can help you on your mission.
We can help you:
Register a company in Singapore;
- Open a corporate bank account in Singapore with a 99% success rate;
- Appoint a reliable nominee director and an experienced secretary;
- Choose the right company types for tax optimization in Singapore;
- Apply for Singapore business licenses;
- Get an affordable, professional registered office address for business;
- Support to open, authenticate, and manage Stripe Paypal Business in Singapore, Hong Kong, and the U.S;
- Handle all your tax accounting needs, timely annual filings, auditing, and more.
FAQs about record keeping for Singapore company
How long to keep personal tax records?
Keeping personal tax records for or at least five years. This allows income and business expenses to be easily verified if needed.
What records must I keep to comply with Singapore tax regulations?
To meet tax regulations, keep records of income, expenses, deductions, and financial statements that support any data reported to IRAS. These records help ensure transparency and accuracy in tax filings.
What records must I keep to comply with Singapore tax regulations?
Can I store business records digitally?
Yes, digital records are generally accepted as long as they are easily accessible, legible, and meet security standards. However, some statutory documents may still need to be kept as physical copies.
How often should I update my records?
Real-time updates are ideal. If that’s not possible, update records monthly, weekly to ensure they reflect the latest financial and operational activities.
What are the penalties for non-compliance in record keeping?
Penalties vary based on the infraction. Companies may face fines from ACRA or IRAS and, in severe cases, legal action if discrepancies or missing records are identified.
We offer a comprehensive range of accounting and tax services for Singaporean companies. Our services include:
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Tax Consulting including corporate income tax, GST tax, contractor tax, and more.
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Monthly/Annual Tax Accounting services in accordance with Singapore accounting standards (SFRS).
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QuickBooks Consulting and Licensing.
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Corporate Income Tax Return Preparation
-
GST Tax Return Preparation.
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DUNS registration
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A DUNS number can be a big asset if you're running a business in Hong Kong and want to work with international clients, suppliers, or partners.
This unique business ID, issued by Dun & Bradstreet (D&B), helps companies worldwide verify that your business is legitimate.
In this guide, we’ll cover how to register a DUNS number for a Hong Kong company, which industries and activities you need a DUNS number for, and the benefits of having an ESG-registered certificate along with your DUNS number in this day and age.
Which industries and activities do you need a DUNS number for?
A DUNS number (Data Universal Numbering System) is a nine-digit ID identifying your business. It is like a business “fingerprint” that’s recognized worldwide. That is why, some industries and activities a company engages in must have a DUNS number for verification.
Banks, insurance companies, and investment firms in Hong Kong use DUNS numbers to verify other companies before working with them, ensuring financial security and compliance.
Supply Chain and Logistics
Logistics companies like freight forwarders and warehouse providers use DUNS numbers to build trust with international suppliers and clients.
Manufacturing and Export businesses
If you’re in manufacturing or exports, a DUNS number in exporting and importing activity can help foreign clients feel confident about working with you, which is important in the highly competitive Hong Kong market.
The FDA requires all companies to have a DUNS number for verification, especially when they import food, drugs, and supplements to the U.S.
Technology and Software development
For tech companies bidding on global contracts in gaming, software development, gaming or working with governments, a DUNS number is often required to show reliability and transparency.
In addition, some activities your company engages in need a DUNS number most are
How to register a DUNS Number for your Hong Kong company
For foreign companies registering a company in Hong Kong, getting a DUNS number can be challenging. That is why, we offer quick, cost-effective registration services with this step-by-step process.
Step 1: Receive the request
Businesses needing a DUNS number to verify their Google Ads account can contact Global-Link Asia Consulting. Our team of experts will assess the business’s needs and model to recommend the most suitable DUNS service package.
Step 2: Select the right package
We provide tailored advice on the most appropriate DUNS service package based on the business's needs and objectives.
With extensive experience in successfully registering DUNS numbers for diverse industries (such as gaming, software development, technology, advertising, tourism, etc.), our experts offer the right service with no hidden fee. You only pay for what you truly need.
Step 3: Prepare the necessary documents
We will work with D&B on behalf of businesses to handle the application process.
To start, make sure you have:
- Your company’s legal name.
- Physical address and contact details.
- Industry code (HKIC) – this is a code for your type of business.
- The established year.
- Details of the owner or CEO.
After you apply, Dun & Bradstreet will verify your business.
Global Link Asia Consulting will verify the business information with Dun & Bradstreet (D&B) to facilitate the issuance of the DUNS number.
Step 4: Receive the DUNS Number
Once verified, Dun & Bradstreet will assign your company a unique DUNS number. This can take anywhere from 3-5 business days or longer.
How can Global Link Asia Consulting help you get a DUNS number
If your business needs to register a DUNS number for your Hong Kong company.
Global Link Asia Consulting is here to help. Contact us today for a consultation, and let us handle the complexities while you focus on growing your business. With over 10 years of experience and a proven track record, we offer:
- Fast DUNS registration: We can secure your DUNS number in 3 to 5 business days.
- Tailored solutions: Our services are customized to meet the unique needs of your business, whether you operate in Vietnam, Singapore, the U.S., or other regions.
- End-to-end support: From the initial consultation to the final registration, we guide you every step of the way.
FAQs about DUNS number for Hong Kong company
Is a DUNS number mandatory for my Hong Kong company?
While a DUNS number is not legally required for most Hong Kong companies, it is often necessary if you want to engage in international trade, bid on certain government contracts, or do business with larger corporations or for verification purposes with Apple, Google, TikTok, etc.
Do I need an ESG certificate from Bradstreet for my Hong Kong company?
No, an ESG certificate is not mandatory for companies in Hong Kong.
However, obtaining one can be highly beneficial in today’s age since countries in the EU, the U.S. Canada, and clients, investors, or partners all over the world value environmental, social, and governance (ESG) standards more than ever.
GLA can help you register for an ESG certificate to show your commitment to ESG globally.
We offer comprehensive DUNS registration packages for every countries including Singapore, the USA, Hong Kong, Seychelles, BVI, Belize, Vietnam, and more. Our package includes:
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Consulting on Suitable DUNS service packages.
-
DUNS registration for Apple Developer Account.
-
DUNS registration for Google Ads account verification.
-
DUNS registration for Apple Business Manager.
-
DUNS registration for Logistics Business.
-
DUNS registration for TikTokShop, E-commerce.
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Google is updating its algorithms using AI, requiring advertisers to follow new policies. To keep your Google Ads account active, businesses must re-verify if ads are paused or accounts are suspended.
A DUNS number is required for successful verification.
In this article, you will discover how to get a DUNS number and complete the Google Ads verification process smoothly.
What is the Google Ads Advertiser Verification Program?
The Google Ads Advertiser Verification Program is a process that verifies the identity of advertisers and the business operations.
Advertisers must provide details about their business and owner to comply with Google’s requirements and policies. This process helps maintain a trusted and secure advertising environment on the platform.
Why is it necessary to verify a Google Ads business account?
Verifying a Google Ads business account is crucial for running effective ad campaigns and avoiding penalties from Google.
Without verification, your account may face suspension, inability to run ads, disruptions to your business, or even loss of ad spend.
Business account suspension due to suspected policy violations
Google has recently announced the suspension of ad accounts suspected of policy violations. After receiving the notice, businesses are REQUIRED to verify their Google Ads account by October 10, 2023 to continue running their ad campaigns.
Case by case, Google will send an email to notify advertisers suspected of policy violations to further verify their account in the future.
Complying with Google Ads Regulations to Avoid Account Suspension
Google has transparent rules and policies for advertising, and verification helps ensure that businesses comply with these regulations. This protects the interests of both the advertisers and Google in maintaining a safe and legal advertising environment.
If your products are copied or imitated, a verified Google Ads account can help you file complaints and protect your brand from unauthorized use.
Google Ads Verification Enhances Your Dropshipping and E-commerce Business
For dropshipping and e-commerce models, multimedia advertising is a key strategy to attract customers worldwide.
Verified accounts enhance customer trust and allow you to target high-value customers more effectively, helping your business thrive in a competitive market.
How to verify a Google Ads Business Account using a DUNS Number
The verification process for a Google Ads business account varies depending on the account structure, payment information, and whether the business is advertising on behalf of an organization or an individual.
Google Ads Advertiser Verification Program includes:
Submit business identity verification
After completing the initial business questionnaire, you will receive an email and notification in their Google Ads account with instructions to verify your business identity.
Upon successful verification, Google will publicly disclose the business's Google Ads account information and advertising campaigns through ad disclosures and the Ads Transparency Center.
Google requires two sets of documents: business registration documents and a government-issued photo ID of an authorized representative.
The required documents include:
- Business Registration Documents:
- Business Registration Certificate;
- Investment Registration Certificate (depending on the type of business and the investment country);
- DUNS Number.
Government-Issued Photo ID of the Authorized Representative:
- Passport;
- National ID Card;
- Driver’s License;
- Permanent Resident Card.
The authorized representative, responsible for paying for ads, must submit these documents. The government-issued ID can be from any country, but the individual must have administrative access to the Google Ads account.
Verify business activities
In some cases, Google may request additional verification regarding your business operations. This includes details on:
- Business model and services offered;
- Registration details;
- Relationships with brands or third-party advertisers.
Businesses have 30 days to complete this verification. Failure to answer all questions or meet the verification requirements within this timeframe will suspend the Google Ads account.
During the identity verification process, Google Ads requires businesses to provide a DUNS number to complete the verification successfully.
How to register a DUNS number for Google Ads Verification
To complete Google Ads verification, businesses need a DUNS number. For companies established abroad, obtaining a foreign DUNS number (such as from Singapore, the U.S., or Hong Kong) can be challenging.
We offer quick, cost-effective registration services with this step-by-step process:
-
1
Receive the request
-
2
Select the right package
-
3
Prepare necessary documents
-
4
Receive the DUNS Number
Step 1: Receive the request
Businesses needing a DUNS number to verify their Google Ads account can contact Global Link Asia Consulting.
Our team of experts will assess the business’s needs and model to recommend the most suitable DUNS service package.
Step 2: Select the right package
We provide tailored advice on the most appropriate DUNS service package based on the business's needs and objectives.
With extensive experience in successfully registering DUNS numbers for diverse industries (such as gaming, software development, technology, advertising, tourism, etc.), our experts offer the right service with no hidden fee. You only pay for what you truly need.
Step 3: Prepare necessary documents
We will work with D&B on behalf of businesses to handle the application process.
Global Link Asia Consulting will verify the business information with Dun & Bradstreet (D&B) to facilitate the issuance of the DUNS number.
Step 4: Receive the DUNS Number
Upon successful registration, we will deliver the DUNS number and related information to the business for quick and efficient Google Ads account verification.
How can we help you register a DUNS number for Google Ads verification?
With experience in successfully helping businesses obtain D-U-N-S numbers for Apple Developer, Google Developer accounts, and various business purposes, Global Link Asia Consulting can help:
- Consult and assist in selecting the most suitable D-U-N-S registration package;
- Advise and prepare the necessary documents for D-U-N-S number registration;
- Support in registering Google Developer accounts, verifying Google Ads accounts, Apple Developer, and Apple Business Manager from the start.
FAQs about DUNS registration and Google Ads verification
Is it mandatory for businesses to register a DUNS number to verify their Google Ads account?
Yes, businesses must register a DUNS number as it is one of the essential details required for successful Google Ads account verification.
What challenges do businesses face when registering a DUNS number?
Registering a DUNS number is not overly complicated, but some businesses may encounter difficulties such as:
- The registration process with Dun & Bradstreet (D&B) can be lengthy, especially when dealing with unclear or complicated procedures.
- Many businesses struggle to understand the benefits of various DUNS service packages. Without proper guidance, they may select the wrong package, leading to unnecessary costs or incomplete services.
- Companies may not have the dedicated time or experienced personnel to track and resolve issues that arise during the registration process. This can cause delays or mistakes in the application.
How long does it take to get a DUNS number, and can I expedite the process?
Typically, it can take up to 30 business days to receive a DUNS number. However, businesses can expedite the process through service providers like Global Link Asia Consulting, which offer fast-track DUNS registration in as little as 1-2 business day.
What happens if my Google Ads account is suspended during verification?
If your Google Ads account is suspended due to suspected policy violations or failure to complete verification, the account will remain inactive until you resolve the issue.
Completing Google Ads Advertiser Verification to restore your account.
If the verification is not completed within the given timeframe (usually 30 days), the account could be permanently disabled.
We offer comprehensive DUNS registration packages for every countries including Singapore, the USA, Hong Kong, Seychelles, BVI, Belize, Vietnam, and more. Our package includes:
-
Consulting on Suitable DUNS service packages.
-
DUNS registration for Apple Developer Account.
-
DUNS registration for Google Ads account verification.
-
DUNS registration for Apple Business Manager.
-
DUNS registration for Logistics Business.
-
DUNS registration for TikTokShop, E-commerce.
+10 years
Cross-disciplinary experience
Top 10
Leading Asian Brand
- Services:
Register for ESG
- Rating Count:
13
- Rating Value:
5
Investors and consumers increasingly prioritize companies that meet environmental, social, and governance (ESG) criteria.
If you're a business that wants to prove its ESG commitments, you'll need a robust and globally recognized system to report this data transparently. One crucial tool for this is the D&B ESG Registered TM.
In this blog, you will learn how an ESG badge from D&B can benefit your business and the step-by-step process of registering one for ESG reporting.
What is ESG?
ESG stands for Environmental, Social, and Governance, three key criteria used to measure the sustainability and societal impact of a business.
ESG reporting allows businesses to track and disclose how well they manage climate change, labor practices, corporate governance, etc.
Investors and consumers use ESG data to determine whether companies in various industries are socially responsible, environmentally conscious, and governed transparently and ethically.
D&B ESG Registered™ and Its Importance
What is D&B ESG Registered™?
The D&B ESG Registered™ is a certification from Dun & Bradstreet that allows businesses to showcase their ESG performance through verified data. It shows all your company's ESG efforts and ranking compared to the industry standard.
Why do you need a D&B ESG-registered TM?
Validating ESG efforts against recognized sustainability standards isn’t always simple. Many companies struggle to showcase their ESG goals and stand out to potential partners. Having a clear, credible ESG advantage is key to gaining market visibility.
The quicker you can provide concrete proof of your ESG initiatives, the faster you unlock endless possibilities—funding, trading, collaborations, and more.
That is why, obtaining an ESG certificate from a trusted, reliable third party such as Dun & Bradstreet is crucial for today’s businesses.
D&B ESG Registered™ offers the tools to:
- Approve that your company’s ESG data is transparent, consistent, and credible;
- Facilitates compliance with global sustainability frameworks such as GRI, SASB, CDP, and more;
- Get acknowledged for your ESG efforts;
- Strengthen trust with international stakeholders;
- Appeal to prospects worldwide;
- Expand business opportunities.
How does D&B ESG Registered™ differ from other ESG certifications?
D&B ESG Registered™ specifically ties your business's sustainability efforts with D&B’s vast business information database, linking your company’s financial performance with its ESG metrics.
In this way, the D&B ESG Registered™ certificate holds more value than other ESG certifications as the data for valuation is enormous and is verified by an authoritative, global provider of business data and analytics.
The D&B data is gathered from millions of sources
Financial Filings
- Sanctions & Blacklists
- Dun & Bradstreet Data
- News Media
- Regulatory Agencies
- Excluded Parties Lists
- Financial Enforcement Agencies
- NGO Databases
- Certifications
In addition, its ESG certification is built upon top standards such as CDP, GRI, SASB, TCFD, UN PRI, and UN SDGS.
Step-by-step guide: How to register for D&B ESG Registered™
Step 1: Determine eligibility
Not all companies may be immediately ready to apply for D&B ESG Registered™. To be eligible, your company must:
- Have some degree of ESG data already collected;
- Be actively engaging in sustainability initiatives;
- Meet basic compliance standards set by ESG frameworks (e.g., GRI, SASB).
If your company is just starting with ESG reporting, Global Link Asia Consulting offers insights and consultation to help you build your ESG profile.
Step 2: Apply for D&B ESG Registered™
Once everything is ready, Global Link Asia Consulting can help you obtain a D&B ESG Registered™ easily. We can begin the registration process with Dun & Bradstreet on behalf of your company
- Fill out the application form, providing key business information;
- Submit supporting documents;
- Pay the registration fee;
- Clarify with D&B for further verifying the company ESG performance.
Step 3: Undergo D&B’s ESG verification process
Once we've submitted your application, D&B will review your ESG data for accuracy and completeness. This verification process involves, but not limited to the following:
- Cross-referencing your business data with D&B’s global database.
- Assessing the credibility of your ESG data (is it backed by proper documentation?).
- Comparing your ESG performance to industry standards.
Step 4: Receive Your D&B ESG registered™ certification
After the verification process, Dun & Bradstreet will either approve or request further details. If approved, you will receive your D&B ESG Registered™ certification, which includes:
- A digital badge or logo that you can display on your website and marketing materials;
- A certified profile showing all your company ESG commitments;
- Inclusion in D&B’s ESG Registered™ directory, allowing investors and stakeholders to view your ESG data.
How can Global Link Asia Consulting help you obtain a D&B ESG Registered™ Certification?
Our team can guide you through every step of the D&B ESG Registered™ process, ensuring a smooth and efficient registration.
We can help you
- Consult on the right direction and preparation you can do to enhance your ESG performance;
- Gather and organize the necessary ESG data, ensuring it meets the standards required for D&B certification;
- Completing the D&B ESG Registered™ application, reducing the risk of errors and delays;
- Guide you through D&B’s verification process, helping you submit accurate documentation and supporting data;
- Monitor ESG performance and make changes with D&B where relevant;
Let us help you achieve your D&B ESG Registered™ certification and elevate your company’s ESG credibility today.
Common FAQs about the D&B ESG Registered™ Certification
How long does it take to get D&B ESG Registered™?
The process typically takes 3-4 weeks, or longer depending on the complexity of your ESG data and how quickly you can provide the necessary documentation.
Can small businesses become D&B ESG Registered™?
Yes, D&B ESG Registered™ is available for businesses of all sizes. Even small and medium enterprises (SMEs) are encouraged to apply if they are committed to ESG transparency.
Is D&B ESG Registered™ recognized globally?
Yes, the certification is recognized globally, giving your business credibility in international markets and supply chains.
Which industry should register for a D&B ESG Registered™ badge today?
Every company should have a D&B ESG Registered™ badge in every industry. Industries where companies must have an ESG certificate immediately are those working in clean energy, forestry, manufacturing, healthcare & pharmaceuticals, food and beverage, mining and & natural resources, trading with countries in the EU, the U.S Canada, etc.
We offer comprehensive DUNS registration packages for every countries including Singapore, the USA, Hong Kong, Seychelles, BVI, Belize, Vietnam, and more. Our package includes:
-
Consulting on Suitable DUNS service packages.
-
DUNS registration for Apple Developer Account.
-
DUNS registration for Google Ads account verification.
-
DUNS registration for Apple Business Manager.
-
DUNS registration for Logistics Business.
-
DUNS registration for TikTokShop, E-commerce.
+10 years
Cross-disciplinary experience
Top 10
Leading Asian Brand