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KYC company process

KYC company process

To comply with international regulations against money laundering and terrorist financing, KYC procedures must be implemented in the first stage of any business relationship with a new client. Our KYC process collects, analyzes and verifies identification information and documents for the purpose of identifying and verifying that customers are who they say they are.

During this process you must:

Provide us with the identity of the company. Tax Identification Card.
Corporate information of the notarial data and registration in the registry. Digital copy of the articles of incorporation (must include the statutes).
Management body of the company. Post-constitution deeds that affect the administrative body.
Accreditation of the powers that allow you to invest on behalf of the company.
Registered office. Deeds after the incorporation that affect the registered office.
Real ownership of the company. Digital copy of the deed of beneficial ownership
Additional information.

Graphic images of the process

Status of your account

As you provide the data and documentation, your account will evolve through different states:

KYC1

KYC process pending or in validation.

You cannot deposit funds.
You cannot invest.
You cannot withdraw funds.

KYC2

KYC process completed and validated.

You can deposit funds.
You can invest.
You cannot withdraw funds.

KYC3

Bank account associated with your wallet.

You can deposit funds.
You can invest.
You can withdraw funds.

Company identity data

What information do we request from you?
  • Social denomination: as recorded in the scriptures
  • Tax identification number (NIF)
  • Activity: according to options listed
  • Social object: Main corporate purpose
Supporting documentation
  • Tax Identification Card or NIF.

Corporate information

What information do we request from you?
  • Incorporation deed data: Type of company, date of incorporation, constituted by what time, locality of the notary, name of the notary and protocol number.
  • Registration data: Location of the commercial register, volume, folio, sheet and inscription.
Supporting documentation
  • Articles of incorporation (must include statutes).

Administration organ

What information do we request from you?
  • Administration organ.
  • Write data: date, locality of the notary, name of the notary, time of the position and protocol number.
  • Identification of the Administrator or Administrators: Attach ID and position.
Supporting documentation
  • Post-constitution deeds that affect the administrative body.

Accreditation of powers

When investing on behalf of a company, you must provide the data that empowers you to be able to invest on behalf of it.

What information do we request from you?
  • In what capacity do you act: There are two options either that you are part of the administrative body with sufficient powers to invest on behalf of the company or that you have a power of attorney document that allows you to do so.
  • Write data: date, locality of the notary, name of the notary, time of the position and protocol number.
Supporting documentation
  • If the Deed of Incorporation or Deeds after the incorporation that affect the administrative body already give you powers, you should not attach anything.
  • Otherwise, I document the power to invest in the name of the company.

Registered office

What information do we request from you?
  • Country
  • Province
  • Location
  • Postal Code
  • Address
  • Floor / Stair / Door
Supporting documentation
  • Deeds after the incorporation that affect the registered office.

Beneficial ownership

What information do we request from you?
  • Number of actual holders
  • Identification of beneficial owners
Supporting documentation
  • Certificate of beneficial ownership.

Other Information

What information do we request from you?
  • Where do the funds with which you are going to invest come from?
  • Volume of income in the last fiscal year

Additional documentation

May we request additional information from you?

Yes, it is possible that depending on your nationality, your place of residence and / or the funds you invest, we will request documentation that will consist mainly of:

Proof of your financial situation and / or source of funds.

To validate your financial situation or source of funds, you must attach any of the following documents:

  • Latest Annual Accounts presented
  • Last closed financial statements (Balance Sheet and Profit and Loss Account) duly signed by the financial manager and with the seal of the company.
  • Last Corporation Tax.
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