Great news that you want to open a bunq Business account!
To make sure you can open an account with us in 5 minutes, one of the things we need to know is the UBO (ultimate beneficial owner) of your business. We'll need one or more of the following documents as proof:
What do you need to provide in general?
Registration Number
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Deed of Incorporation
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Written consent for jointly authorized directors
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Shareholders registry
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Director’s proof of residence
➡️ Learn more here
Why do we need to know this?
Long story short... it’s required by law:
We're obliged under the 4th EU Money Laundering Directive (4MLD) to register the name(s), date of birth and ID of the businesses’ Ultimate Beneficial Owner.
For capital companies an UBO is a natural person who has an interest of more than 25% through direct or indirect ownership, or who controls the entity. For foundations and associations an UBO is a natural person who directly or indirectly holds more than 25% of ownership or is entitled to vote for more than 25% with respect to an amendment of the articles of association, or has control of the entity. For partnerships the UBO is a natural person who directly or indirectly holds more than 25% of the ownership, or is entitled to vote for more than 25% or has control of the partnership.
For this reason, you’ll need to provide us with some documentation. We’ll ask you to show us the following in order to successfully open an account for your business:
Overview of the business account requirements per country
What about a VAT number?
A VAT number is NOT mandatory for opening a bunq business account.
For Freelancers without Chamber of Commerce registration
More information on how to sign up as a freelancer can be found in this topic
Want to learn more?
Explore more bunq knowledge here. 🌈
