Guides

Business verification

Limited Liability Company

To verify your business account on Kuna Pay, follow these detailed steps and ensure you have the required documents ready.

Step 1: Prepare Your Documents

All documents should be clear photos. Scanned copies are not accepted. Ensure that the photos are high quality and legible.

Before starting the verification process, gather the following documents:

Company Registration Documents:

  • Certificate of Incorporation: This document proves that your company is legally registered.
  • Articles of Association: These are the company's constitutional documents, outlining the business's purpose and structure.
  • Proof of Business Address:
    • Utility Bill: A recent bill (within the last 3 months) showing the business address.
    • Bank Statement: A recent statement that includes the business address.
    • Other Official Documents: Any other documents that can prove the address of your business.
  • Personal Identification for the Business Owner or Representative:
    • Government-issued ID: Passport, national ID card, or driver's license of the person representing the business.

Step 2: Start the Verification Process

Select Your Country of Residence:

  • Upon starting the verification process, you will need to specify whether you are a Non-US resident or a US resident.
  • Select the appropriate option and click "Continue" to proceed.

Step 3: Enter Company Data

After selecting your country of residence, you will be prompted to enter your business details:

  • Company Name: Enter the full legal name of your business.
  • Country: Select the country where your business is registered (e.g., Poland).
  • Registration Number: Enter the official registration number of your company.
  • Type of Entity: Choose the type of legal structure your business operates under (e.g., Limited Liability Company, Corporation).
  • Legal Address: Provide the full legal address of your business.
  • Contact Details: Include an email address and phone number where KUNA Pay can reach you.

Step 4: Upload Required Documents

Next, you will need to upload photos of documents to verify your business:

Upload Company Registration Documents:

  • Select the type of document (e.g., Certificate of Incorporation) and upload a clear and legible photo (not copy).
  • Repeat this for any additional registration documents such as the Articles of Association.

Upload Proof of Business Address:

  • Select the type of document (e.g., Utility Bill, Lease Agreement) and upload a clear photo (not copy).

Upload Personal Identification:

  • Upload a clear photo of the government-issued ID for the business owner or representative.

Other Documents:

  • If required, upload any additional documents that can further validate your business’s legal standing or operations.

Step 5: Upload Required Documents

In this step of the verification process, the Ultimate Beneficial Owners (UBOs) of the company—those holding 25% or more of the company—need to provide specific information and complete identity verification, including face confirmation.

Here are the details:

  • Select the UBO's Position: Indicate the UBO's role within the company by selecting the relevant checkboxes. The options include:
    • Shareholder
    • Director
    • Other
  • Provide Personal Details: You are required to fill in the following information about the UBO:
    • Position within the company
    • First name
    • Last name
    • Tax residence country
    • Tax Identification Number (TIN)
    • Date of birth (pre-filled with the date 09.08.2024)
  • Identity Verification with Face Confirmation: The UBO must complete an identity verification process, which includes a face confirmation step to ensure the authenticity of the individual. You can initiate this process by clicking "Start verification now" or by copying and sharing the provided link with the UBO.

Finally, after entering the necessary information, you can either add this participant by clicking "Add Participant" or remove the entry by clicking "Remove."

Step 6: Review and Submit

  • Carefully review all the information and documents you’ve uploaded to ensure they are clear and accurate.
  • If you prefer to continue the verification process on your phone, click “Continue on phone.”
  • Otherwise, click "Next" to submit your application.

Step 7: Await Verification

  • KUNA Pay will review your submission and notify you of your verification status.
  • If additional information is required, you may be asked to provide further documentation.

By following these steps and ensuring all required documents are in order, you will successfully complete the business account verification process on KUNA Pay. For any issues, contact KUNA Pay's customer support for assistance - [email protected].

Updated 4 months ago