What Do I Need to Complete KYB?
Explains the elements required to complete your business' KYB verification.
To verify your business, you will need:
- Business Information
- Legal business name
- Business tax identification number
- Year of incorporation
- Business address
- Entity structure (Sole proprietorship, Corporation, Partnership, Co-operative)
- Associated people:
- Directors (if corporation): You'll need to provide their name, occupation, country of residence, and address.
- Signing Officers and UBOs: There are individuals authorized to bind the company through their signature legally. You'll need to provide their name, job title, email address, and percentage ownership.
What's an Ultimate Beneficial Owner (UBO)?
UBOs are individuals who hold 25% or more ownership of your business.
Each UBO must be linked to the business and complete identity verification with a photo ID and selfies. If they're also a TaxPay User, they only need to do KYC once.
Accepted IDs for UBOs: Valid Driver’s License, Passport, National ID
🆘 👋 If you ever need help, please feel free to reach out to support@taxpay.ai. We're here to help you!