What is the W-8 Form?
Why is it important to update it?
The W-8 Forms are documents required by the Internal Revenue Service (IRS) from foreign entities (both individuals and companies) in the U.S. These forms are important for foreign individuals and entities to provide information about their tax status and beneficiary status for tax withholding purposes in the United States.
Keeping this information current is essential, as the form needs to be renewed every three years.
Expiration and Obligation
Remember that your W-8 form expires every three
years, and updating it is mandatory to avoid tax withholdings.
years, and updating it is mandatory to avoid tax withholdings.
Avoid Tax Withholdings
By keeping your W-8 updated, you can prevent tax
withholdings in the United States.
withholdings in the United States.
Fraud Prevention
All communications regarding W-8 expiration will be sent
through the Message Center in HelmInOne or via
notification@helmbankusa.com
through the Message Center in HelmInOne or via
notification@helmbankusa.com
Multiple Account Holders
If your account has multiple holders, each one must
submit an updated W-8 form.
submit an updated W-8 form.
Handwritten Signature
The signature on the form cannot be electronic; it must
be handwritten.
be handwritten.
Important information for W-8BEN-E (ENTITIES) forms:
- Legal Representative’s Signature: The W-8BEN-E form for entities must be signed by the legal representative.
- Business Information Update: If there have been changes in the company’s information, such as the address, update this information with the bank.
How to submit your updated form
You have two options to send us the completed form:
We stand for
Our Values