Wise business trading address
- Thread starter aragon
- Start date
- Status
Aragon, thanks for sharing your experience. It is very appreciated. We re in the same boat. WISE asked us to provide the address 5 months after account opening. Our LTD company is registered in UK but we are operating it 100% remotely from another EU country.
I am wondering if declaring a trading address in another country triggers tax treaties? Have you had any other issues related to this?
I am wondering if declaring a trading address in another country triggers tax treaties? Have you had any other issues related to this?
Hi, Can you please explain exactly How you solved this case?
One more thing, is it something will appear after 2 years of using WIse business account. The reason I am researching this query is, I am running a UK LTD , but living in Bangladesh. I saw on facebook groups, many people posting about this from a day before to︀ till now. Just thought , this can happen with me too. so gathering info's to︁ solve this at advance. Running this WIse account since 2023 August to now. So do︂ you think I will be recieving this thing after 1 year, or it can arrive︃ anytime. The important part is, We can't see option of choosing Bangladesh on their trading︄ location option. So little worried about its solution. Don't know what to do
One more thing, is it something will appear after 2 years of using WIse business account. The reason I am researching this query is, I am running a UK LTD , but living in Bangladesh. I saw on facebook groups, many people posting about this from a day before to︀ till now. Just thought , this can happen with me too. so gathering info's to︁ solve this at advance. Running this WIse account since 2023 August to now. So do︂ you think I will be recieving this thing after 1 year, or it can arrive︃ anytime. The important part is, We can't see option of choosing Bangladesh on their trading︄ location option. So little worried about its solution. Don't know what to do
Yeah actually today I got an email to update my trading︃ address or my account will be suspended by 22th August.
I also have UK LTD︄ and I am not UK citizen, not Bangladesh as well. Anyways that's what they said:︅
So that sounds like you can put any︊ address you want?
Don't see any problems with︍ that, I just put my home address as trading address, in case they need some︎ proof of address document, I can easily provide it. Before I updated it to my️ home address, my trading address was the same as my business registration agency address.
I also have UK LTD︄ and I am not UK citizen, not Bangladesh as well. Anyways that's what they said:︅
If you work remotely, from home or at a co-working space, we’ll need the address︆ you work from. This address doesn’t need to be in the same country as the︇ one where you registered your business. Operating a remote business is a valid, common and︈ authorized use case. |
We won’t send any mail to the address you give us ,︉ we just need it for regulatory purposes. |
So that sounds like you can put any︊ address you want?
We can only verify your physical address. This means that we can’t︋ accept any of the following options: |
• PO box |
• Mail forwarding or receiving service︌ |
• Virtual address |
• Business registration agency |
• Attorney offices |
Don't see any problems with︍ that, I just put my home address as trading address, in case they need some︎ proof of address document, I can easily provide it. Before I updated it to my️ home address, my trading address was the same as my business registration agency address.
In Bangladesh , the case is very different. We can't see the Option to add︈ Bangladesh as the location ( verified my other colleauges). SInce I haven't recieved anything from︉ Wise that says, we need you to update your trading address bla bla, I called︊ Wise support team, They said, there is nothing to do with your account, there is︋ not verification needed. I don't know , maybe they just ticked the boxes and maybe︌ I will be recieving email soon. But let me hope to not get into this︍ tension for now. Do you have any other ways knoweledge, How we can rent a︎ physical address , also they will serve us the utility bill copy as well?
Hey there! In my case it was just a matter of entering my trading address, and nothing more has come of it since. The business is still trading and using its Wise account as it normally does. Wise has been really great for this business.
Sorry, I really don't know. I can only report on the specific experiences of my business. I suggest to prepare as best you︀ can, and to share your experiences here as well. Hope your situation works out as︁ well as mine did - good luck!
Sorry, I really don't know. I can only report on the specific experiences of my business. I suggest to prepare as best you︀ can, and to share your experiences here as well. Hope your situation works out as︁ well as mine did - good luck!
I don't have 100% solution, but just a theory below:
Once you get that email, they will mention that the physical address can be different from︂ the registered company address, etc. Including co working spaces. It does not sound very complicated︃ to get a real physical address of a place where you work, so you can︄ just go to a random co working space and rent it for 1 month and︅ get some kind of proof from them. Maybe a small trip to nearby country that︆ has trading address option on wise. I honestly think there will be no documents asked︇ at all.
When you get that option to add the trading address, you just fill︈ 4 fields, country, city, address, post code, and click save. There is no other page︉ requesting docs, you can also delete/edit this address anytime you want, you can also add︊ multiple trading addresses, I don't know the limit but I just added 1.
The only︋ address that is uneditable is the registered company address.
I also saw on other forums︌ where people from certain countries also had no option to add their country as trading︍ address but they managed to fix it by phone call, all they did was called︎ the customer support and told them to add an address that was not in the️ option list.
Anyways, I will update this thread once I get any updates from wise for my situation, if they even request docs or all went smoothly.
Once you get that email, they will mention that the physical address can be different from︂ the registered company address, etc. Including co working spaces. It does not sound very complicated︃ to get a real physical address of a place where you work, so you can︄ just go to a random co working space and rent it for 1 month and︅ get some kind of proof from them. Maybe a small trip to nearby country that︆ has trading address option on wise. I honestly think there will be no documents asked︇ at all.
When you get that option to add the trading address, you just fill︈ 4 fields, country, city, address, post code, and click save. There is no other page︉ requesting docs, you can also delete/edit this address anytime you want, you can also add︊ multiple trading addresses, I don't know the limit but I just added 1.
The only︋ address that is uneditable is the registered company address.
I also saw on other forums︌ where people from certain countries also had no option to add their country as trading︍ address but they managed to fix it by phone call, all they did was called︎ the customer support and told them to add an address that was not in the️ option list.
Anyways, I will update this thread once I get any updates from wise for my situation, if they even request docs or all went smoothly.
We have Ireland company, and then they are asking about address, we sent them virtual address and operation address in Ireland, then they suspended our account, it looks like a bad sh*t.
Is it like the registered office address is in Uk, the trading address in Ireland? bit confused. why they suspended, any reasons?
I also received an email from Wise today asking me to update my trading address, I registered a UK company, and my business is in China. Now I'm facing the same worries as many of you what should I do so that I don't need to worry about the potential trouble that they could shut down the account? Thanks for anyone's advice.
Same here -
UK LTD, trading address is in china.
CA LLP with trading address in Thailand.
Got two emails from wise in the last weeks.. have to update the trading address. haven't done it yet.
UK LTD, trading address is in china.
CA LLP with trading address in Thailand.
Got two emails from wise in the last weeks.. have to update the trading address. haven't done it yet.
wise whacking accounts as normal.
The forum is full of this and it should not be trusted for crucial operations.
The forum is full of this and it should not be trusted for crucial operations.
- Status