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What information is needed to apply for a business account?

Updated

As the account holder, you’ll be asked for your proof of identity (meaning a copy of an ID document) as well as documents for other important people in your company. 

Depending on your company set-up, this may include relevant shareholders, persons of significant control or your organisation’s trustees. For such people we’ll also ask for a few basic details, such as date of birth and residential address. We’re required to do so to be compliant with relevant regulations.

 

🪪 What documents can be used as proof of identity?

A valid government-issued identity document such as a passport, driver’s license or ID card. Please note that the document has to be valid for at least another 6 months and we’ll need the front and back of driver’s licenses and ID cards.

 

What other information do I need?

We do our best to verify our customers’ businesses electronically. However, in some cases we may ask for more documentation so we can successfully verify applicants and satisfy regulatory requirements. You may be asked questions surrounding any of the following items:

The Legal Entity Name should match your business’s registration documentation and if you have a DBA that is different from your legal entity name, be sure to include that information.
This information should match the information provided on your business’ documentation. You will need to indicate if you are a Sole trader, Partnership, Registered Company (LLC, LTD, Inc., etc.), Publicly Trading Company, Government entity, or a Pooled Investment Vehicles
Please provide your business’ Tax Identification Number (TIN), Employer Identification Number (EIN), company registration number or equivalent official registration identification number.
Please provide a physical address as PO Boxes are not accepted.
 If applicable, be sure to provide a working link to a fully functioning and accessible website.
You will be asked to provide information on the source of funds and source of wealth for your business. The source of funds information should include an attached document and a description of where the funds that fund your account originated from. The source of wealth information should include a description of how the wealth for the business was acquired (i.e business revenue, donations, investments, inheritance, etc).
You will be asked to provide details of your business and how your Uphold account will support your business. Please, answer these questions with as much detail as you can! You will be asked about your intended use of your Uphold account, what type of business activity you conduct, and how you perform this activity (i.e. store front, online, etc).
As the account holder, you will be asked to provide your full name, address, date of birth, a passport number/taxpayer identification number (SSN), an email , and you will be asked to upload proof of your current address. You will also be asked to provide the same information on other relevant parties (authorized signers, trustees, partners, etc).

 

Depending on your business type, you will be asked to provide some (but not all) of the following documents:

✔ Articles of Incorporation, Articles of Organization, Certificate of Formation, By-laws or other business organization documentation;
✔ Registration extract, government document or equivalent confirming Tax ID, VAT, or TIN/​EIN etc.;
✔ Certificate of Good Standing or equivalent confirming company name, status, and registered or trading address;
✔ Business organization documentation confirming current shareholders;
✔ Partnership Agreement, or equivalent;
✔ Pages of the Trust or Foundation Agreements showing the full name of trustor/​founder, trustee/​foundation manager, and physical address;
✔ Form 990 or other evidence of tax filings (Equivalent of Tax Filing for Charities);

 

Additional documentation/Information needed

In addition to the above documentation, you will be asked to provide additional information specific to your business’ legal entity type. You will be asked to also provide, some (but not all) of the following documents:

  • List of all authorized signers, directors, company executives, partners, or trustees (as applicable)
  • Bank Statement, Commerce Registry or Business Register Extract confirming legal or trading name, if applicable, and trading address
  • Corporate Resolution or equivalent supporting documents
  • Ticker or Stock Symbol
  • Resolution/​Authorization/​Mandate Letter (on official letterhead) by competent authority to open account
  • Identification of authorized signatories duly attested by the unit head

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